CLARET ASSET MANAGEMENT Corp decreased its holdings in shares of Hyster-Yale Materials Handling Inc (NYSE:HY) by 6.8% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,515 shares of the industrial products company’s stock after selling 474 shares during the quarter. CLARET ASSET MANAGEMENT Corp’s holdings in Hyster-Yale Materials Handling were worth $357,000 as of its most recent SEC filing.
Other institutional investors have also added to or reduced their stakes in the company. Quantamental Technologies LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the second quarter valued at about $39,000. Bank of Montreal Can boosted its stake in Hyster-Yale Materials Handling by 39.5% during the second quarter. Bank of Montreal Can now owns 2,198 shares of the industrial products company’s stock worth $121,000 after buying an additional 622 shares during the period. Stone Ridge Asset Management LLC purchased a new position in Hyster-Yale Materials Handling during the second quarter worth about $252,000. GSA Capital Partners LLP purchased a new position in Hyster-Yale Materials Handling during the second quarter worth about $333,000. Finally, Aperio Group LLC boosted its stake in Hyster-Yale Materials Handling by 31.6% during the second quarter. Aperio Group LLC now owns 6,762 shares of the industrial products company’s stock worth $374,000 after buying an additional 1,624 shares during the period. 44.96% of the stock is owned by institutional investors and hedge funds.
Shares of HY opened at $49.58 on Friday. The stock has a market capitalization of $826.05 million, a PE ratio of 28.35 and a beta of 1.47. 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 company’s 50-day simple moving average is $54.40 and its 200-day simple moving average is $55.53.
The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.317 dividend. The ex-dividend date of this dividend was Thursday, August 29th. This represents a $1.27 annualized dividend and a yield of 2.56%.
In related news, insider Theodore D. Taplin sold 1,000 shares of the firm’s stock in a transaction that occurred on Friday, August 2nd. The shares were sold at an average price of $55.31, for a total value of $55,310.00. Following the sale, the insider now owns 40,957 shares of the company’s stock, valued at $2,265,331.67. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Martha S. Kelly sold 2,100 shares of the firm’s stock in a transaction that occurred on Monday, August 26th. The shares were sold at an average price of $53.99, for a total transaction of $113,379.00. Following the completion of the sale, the insider now directly owns 15,100 shares in the company, valued at approximately $815,249. The disclosure for this sale can be found here. 28.60% of the stock is owned by company insiders.
Separately, Sidoti increased their target price on shares of Hyster-Yale Materials Handling from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, July 31st.
About Hyster-Yale Materials Handling
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.
Recommended Story: What are the most popular ETFs
Want to see what other hedge funds are holding HY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyster-Yale Materials Handling Inc (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.