New York State Teachers Retirement System Makes New $61,000 Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

New York State Teachers Retirement System bought a new position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 973 shares of the industrial products company’s stock, valued at approximately $61,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dumont & Blake Investment Advisors LLC bought a new position in Hyster-Yale Materials Handling in the 4th quarter worth about $263,000. Assenagon Asset Management S.A. boosted its position in Hyster-Yale Materials Handling by 86.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 124,733 shares of the industrial products company’s stock valued at $7,757,000 after acquiring an additional 57,758 shares in the last quarter. SG Americas Securities LLC bought a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at $151,000. Vanguard Group Inc. boosted its position in Hyster-Yale Materials Handling by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 945,578 shares of the industrial products company’s stock valued at $42,154,000 after acquiring an additional 12,747 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Hyster-Yale Materials Handling by 13.8% during the 3rd quarter. American Century Companies Inc. now owns 19,232 shares of the industrial products company’s stock valued at $857,000 after acquiring an additional 2,332 shares in the last quarter. 46.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. StockNews.com cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. TheStreet cut Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research report on Monday, March 4th.

Hyster-Yale Materials Handling Stock Up 1.9 %

Hyster-Yale Materials Handling stock opened at $59.82 on Friday. The company has a debt-to-equity ratio of 0.62, a current ratio of 1.22 and a quick ratio of 0.55. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 8.25 and a beta of 1.48. Hyster-Yale Materials Handling, Inc. has a 1-year low of $38.50 and a 1-year high of $72.40. The business has a fifty day moving average price of $62.79 and a 200-day moving average price of $56.77.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $1.02 billion. Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. Equities research analysts forecast that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a $0.325 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.17%. Hyster-Yale Materials Handling’s payout ratio is 17.93%.

Insider Transactions at Hyster-Yale Materials Handling

In related news, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the completion of the transaction, the insider now owns 367,152 shares in the company, valued at approximately $21,331,531.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Frank F. Taplin sold 5,000 shares of the firm’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $58.65, for a total value of $293,250.00. Following the completion of the transaction, the insider now owns 378,872 shares in the company, valued at approximately $22,220,842.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the completion of the transaction, the insider now owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The disclosure for this sale can be found here. Insiders own 33.93% of the company’s stock.

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. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.