Metropolitan Life Insurance Co. NY Sells 3,700 Shares of Hyster-Yale Materials Handling (HY)

Metropolitan Life Insurance Co. NY reduced its stake in shares of Hyster-Yale Materials Handling (NYSE:HY) by 51.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 3,479 shares of the industrial products company’s stock after selling 3,700 shares during the period. Metropolitan Life Insurance Co. NY’s holdings in Hyster-Yale Materials Handling were worth $296,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Spark Investment Management LLC increased its holdings in Hyster-Yale Materials Handling by 3.6% during the 4th quarter. Spark Investment Management LLC now owns 49,100 shares of the industrial products company’s stock worth $4,181,000 after purchasing an additional 1,700 shares in the last quarter. Teacher Retirement System of Texas bought a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at approximately $240,000. Wells Fargo & Company MN grew its holdings in shares of Hyster-Yale Materials Handling by 25.8% in the fourth quarter. Wells Fargo & Company MN now owns 13,925 shares of the industrial products company’s stock valued at $1,186,000 after acquiring an additional 2,853 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of Hyster-Yale Materials Handling by 8.4% in the fourth quarter. American Century Companies Inc. now owns 44,591 shares of the industrial products company’s stock valued at $3,797,000 after acquiring an additional 3,437 shares in the last quarter. Finally, TIAA CREF Investment Management LLC grew its holdings in shares of Hyster-Yale Materials Handling by 5.3% in the fourth quarter. TIAA CREF Investment Management LLC now owns 73,114 shares of the industrial products company’s stock valued at $6,226,000 after acquiring an additional 3,679 shares in the last quarter. 53.11% of the stock is owned by hedge funds and other institutional investors.

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In other Hyster-Yale Materials Handling news, insider Theodore D. Taplin sold 854 shares of the stock in a transaction on Thursday, March 8th. The stock was sold at an average price of $69.65, for a total transaction of $59,481.10. Following the completion of the transaction, the insider now directly owns 47,472 shares of the company’s stock, valued at $3,306,424.80. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 26.34% of the stock is currently owned by corporate insiders.

Several research firms have recently issued reports on HY. Robert W. Baird lowered Hyster-Yale Materials Handling from an “outperform” rating to a “neutral” rating and set a $76.00 target price for the company. in a report on Friday, March 2nd. ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Tuesday, March 13th. TheStreet lowered Hyster-Yale Materials Handling from a “b” rating to a “c+” rating in a report on Friday, March 9th. Finally, Seaport Global Securities raised Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a report on Tuesday, January 23rd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $71.33.

HY stock opened at $75.90 on Friday. The company has a market capitalization of $1,277.68, a PE ratio of 18.69 and a beta of 1.12. The company has a debt-to-equity ratio of 0.38, a current ratio of 1.63 and a quick ratio of 1.04. Hyster-Yale Materials Handling has a 12-month low of $58.41 and a 12-month high of $93.90.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, February 27th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.97. The company had revenue of $795.50 million during the quarter, compared to analyst estimates of $755.30 million. Hyster-Yale Materials Handling had a return on equity of 11.51% and a net margin of 1.68%. analysts anticipate that Hyster-Yale Materials Handling will post 4.16 earnings per share for the current fiscal year.

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About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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