Bruce T. Rankin Acquires 952 Shares of Hyster-Yale Materials Handling Inc (HY) Stock

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Hyster-Yale Materials Handling Inc (NYSE:HY) insider Bruce T. Rankin acquired 952 shares of the company’s stock in a transaction that occurred on Tuesday, March 12th. The shares were acquired at an average price of $64.98 per share, with a total value of $61,860.96. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Shares of HY stock traded up $0.83 on Friday, hitting $63.20. 202 shares of the company’s stock were exchanged, compared to its average volume of 45,168. The company has a quick ratio of 0.77, a current ratio of 1.46 and a debt-to-equity ratio of 0.38. Hyster-Yale Materials Handling Inc has a 12 month low of $55.88 and a 12 month high of $78.19. The company has a market cap of $1.05 billion, a P/E ratio of 36.60 and a beta of 0.97.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, February 26th. The industrial products company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.51). Hyster-Yale Materials Handling had a return on equity of 4.98% and a net margin of 1.09%. The business had revenue of $837.70 million for the quarter, compared to the consensus estimate of $872.90 million. During the same quarter in the prior year, the company earned $0.97 earnings per share. Hyster-Yale Materials Handling’s quarterly revenue was up 5.3% compared to the same quarter last year.

The company also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 1st will be issued a $0.31 dividend. The ex-dividend date is Thursday, February 28th. This represents a $1.24 dividend on an annualized basis and a yield of 1.96%.

Institutional investors and hedge funds have recently modified their holdings of the business. Resources Investment Advisors Inc. increased its holdings in Hyster-Yale Materials Handling by 81.7% in the 4th quarter. Resources Investment Advisors Inc. now owns 1,012 shares of the industrial products company’s stock worth $63,000 after purchasing an additional 455 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Hyster-Yale Materials Handling in the 3rd quarter worth about $128,000. We Are One Seven LLC acquired a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter valued at about $138,000. Acadian Asset Management LLC increased its stake in shares of Hyster-Yale Materials Handling by 162.5% in the third quarter. Acadian Asset Management LLC now owns 2,441 shares of the industrial products company’s stock valued at $150,000 after buying an additional 1,511 shares during the period. Finally, Comerica Bank acquired a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter valued at about $217,000. 48.52% of the stock is owned by institutional investors and hedge funds.

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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.

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