Hyster-Yale Materials Handling Inc (HY) Chairman Alfred M. Et Al Rankin Buys 3,775 Shares

Share on StockTwits

Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 3,775 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was bought at an average cost of $61.72 per share, with a total value of $232,993.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of HY traded down $2.69 on Wednesday, reaching $60.45. 103,732 shares of the company’s stock were exchanged, compared to its average volume of 44,624. The company has a debt-to-equity ratio of 0.34, a current ratio of 1.51 and a quick ratio of 0.87. The company has a market cap of $991.31 million, a price-to-earnings ratio of 14.89 and a beta of 1.17. Hyster-Yale Materials Handling Inc has a 12 month low of $56.40 and a 12 month high of $93.90.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.33. The business had revenue of $782.90 million during the quarter, compared to the consensus estimate of $761.20 million. Hyster-Yale Materials Handling had a net margin of 1.14% and a return on equity of 8.26%. Hyster-Yale Materials Handling’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.00 earnings per share.

A number of research firms recently weighed in on HY. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. TheStreet downgraded shares of Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research note on Friday, August 3rd. Four equities research analysts have rated the stock with a hold rating, The stock has an average rating of “Hold” and an average price target of $66.00.

Several institutional investors and hedge funds have recently bought and sold shares of HY. Dimensional Fund Advisors LP grew its holdings in Hyster-Yale Materials Handling by 3.8% during the second quarter. Dimensional Fund Advisors LP now owns 950,676 shares of the industrial products company’s stock valued at $61,081,000 after purchasing an additional 34,490 shares during the period. LSV Asset Management grew its holdings in Hyster-Yale Materials Handling by 2.3% during the second quarter. LSV Asset Management now owns 697,316 shares of the industrial products company’s stock valued at $44,802,000 after purchasing an additional 15,700 shares during the period. BlackRock Inc. grew its holdings in Hyster-Yale Materials Handling by 5.9% during the second quarter. BlackRock Inc. now owns 659,197 shares of the industrial products company’s stock valued at $42,353,000 after purchasing an additional 36,744 shares during the period. Royce & Associates LP grew its holdings in Hyster-Yale Materials Handling by 7.3% during the second quarter. Royce & Associates LP now owns 311,633 shares of the industrial products company’s stock valued at $20,022,000 after purchasing an additional 21,116 shares during the period. Finally, FMR LLC grew its holdings in Hyster-Yale Materials Handling by 2.4% during the second quarter. FMR LLC now owns 298,643 shares of the industrial products company’s stock valued at $19,188,000 after purchasing an additional 7,079 shares during the period. 50.37% of the stock is owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Company Profile

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.

Read More: What is a bull market?

Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply