John C. Butler, Jr. Purchases 396 Shares of Hyster-Yale Materials Handling Inc (HY) Stock

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Hyster-Yale Materials Handling Inc (NYSE:HY) insider John C. Butler, Jr. acquired 396 shares of the company’s stock in a transaction that occurred on Friday, December 14th. The stock was acquired at an average price of $63.61 per share, with a total value of $25,189.56. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

NYSE:HY opened at $60.56 on Wednesday. The company has a market cap of $1.01 billion, a price-to-earnings ratio of 21.65 and a beta of 1.17. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.49 and a quick ratio of 0.83. Hyster-Yale Materials Handling Inc has a fifty-two week low of $56.40 and a fifty-two week high of $91.39.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates 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 1.07% and a return on equity of 7.86%. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.00 EPS.

The company also recently announced a quarterly dividend, which was paid on Friday, December 14th. Shareholders of record on Friday, November 30th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, November 29th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 30.54%.

A number of analysts have weighed in on HY shares. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. TheStreet raised shares of Hyster-Yale Materials Handling from a “c” rating to a “b-” rating in a research report on Wednesday, October 31st. Four equities research analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and an average target price of $76.00.

Large investors have recently added to or reduced their stakes in the business. O Shaughnessy Asset Management LLC acquired a new stake in Hyster-Yale Materials Handling during the 3rd quarter valued at approximately $128,000. Acadian Asset Management LLC grew its position in shares of Hyster-Yale Materials Handling by 162.5% during the 3rd quarter. Acadian Asset Management LLC now owns 2,441 shares of the industrial products company’s stock worth $150,000 after buying an additional 1,511 shares during the period. Global X Management Co LLC acquired a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth approximately $231,000. Raymond James & Associates acquired a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth approximately $237,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Hyster-Yale Materials Handling by 1,184.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,405 shares of the industrial products company’s stock worth $283,000 after buying an additional 4,062 shares during the period. 49.92% of the stock is owned by institutional investors and hedge funds.

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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.

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