Russell Investments Group Ltd. lessened its position in shares of Hyster-Yale Materials Handling Inc (NYSE:HY) by 24.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 23,071 shares of the industrial products company’s stock after selling 7,509 shares during the quarter. Russell Investments Group Ltd.’s holdings in Hyster-Yale Materials Handling were worth $1,273,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in the company. Synovus Financial Corp raised its stake in shares of Hyster-Yale Materials Handling by 76.1% during the 2nd quarter. Synovus Financial Corp now owns 28,706 shares of the industrial products company’s stock worth $1,588,000 after buying an additional 12,402 shares during the last quarter. Acadian Asset Management LLC increased its position in Hyster-Yale Materials Handling by 196.0% during the 2nd quarter. Acadian Asset Management LLC now owns 27,411 shares of the industrial products company’s stock worth $1,515,000 after purchasing an additional 18,151 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Hyster-Yale Materials Handling during the 2nd quarter worth about $333,000. Stone Ridge Asset Management LLC purchased a new stake in Hyster-Yale Materials Handling during the 2nd quarter worth about $252,000. Finally, Aperio Group LLC increased its position in Hyster-Yale Materials Handling by 31.6% during the 2nd quarter. Aperio Group LLC now owns 6,762 shares of the industrial products company’s stock worth $374,000 after purchasing an additional 1,624 shares in the last quarter. 44.96% of the stock is owned by institutional investors and hedge funds.
Hyster-Yale Materials Handling stock traded down $2.06 during midday trading on Friday, reaching $54.90. 103,311 shares of the company were exchanged, compared to its average volume of 70,617. The company has a market capitalization of $939.18 million, a price-to-earnings ratio of 33.16 and a beta of 1.48. The firm’s 50-day simple moving average is $56.31 and its 200-day simple moving average is $56.76. Hyster-Yale Materials Handling Inc has a 1 year low of $43.26 and a 1 year high of $76.79. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.39.
The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.317 per share. This represents a $1.27 dividend on an annualized basis and a yield of 2.31%. The ex-dividend date of this dividend was Thursday, August 29th.
Separately, Sidoti lifted their price objective on Hyster-Yale Materials Handling from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, July 31st.
In other Hyster-Yale Materials Handling news, insider Theodore D. Taplin sold 1,000 shares of Hyster-Yale Materials Handling stock in a transaction dated Friday, August 2nd. The stock was sold at an average price of $55.31, for a total value of $55,310.00. Following the completion of the sale, the insider now owns 40,957 shares in the company, valued at approximately $2,265,331.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Alfred M. Et Al Rankin purchased 3,159 shares of the stock in a transaction on Thursday, July 11th. The stock was acquired at an average price of $53.84 per share, with a total value of $170,080.56. The disclosure for this purchase can be found here. In the last quarter, insiders have purchased 8,305 shares of company stock valued at $446,809. 28.60% of the stock is currently owned by company insiders.
Hyster-Yale Materials Handling Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.
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