Hyster-Yale Materials Handling, Inc. (NYSE:HY) Stake Raised by Federated Hermes Inc.

Federated Hermes Inc. increased its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 38.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 131,538 shares of the industrial products company’s stock after acquiring an additional 36,758 shares during the period. Federated Hermes Inc. owned about 0.77% of Hyster-Yale Materials Handling worth $8,180,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. FMR LLC raised its stake in shares of Hyster-Yale Materials Handling by 60.6% during the 3rd quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock worth $26,262,000 after purchasing an additional 222,340 shares in the last quarter. Valueworks LLC raised its stake in shares of Hyster-Yale Materials Handling by 74.9% during the 3rd quarter. Valueworks LLC now owns 210,980 shares of the industrial products company’s stock worth $9,405,000 after purchasing an additional 90,355 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of 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 worth $7,757,000 after purchasing an additional 57,758 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of 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 worth $42,154,000 after purchasing an additional 12,747 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its stake in shares of Hyster-Yale Materials Handling by 214.6% during the 3rd quarter. Teacher Retirement System of Texas now owns 17,446 shares of the industrial products company’s stock worth $778,000 after purchasing an additional 11,901 shares in the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Hyster-Yale Materials Handling

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 11,720 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of the firm’s stock in a transaction that occurred 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 sale, the insider now owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling stock in a transaction that occurred 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 sale, the insider now directly owns 367,152 shares in the company, 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.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on HY shares. StockNews.com downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. TheStreet downgraded Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research note on Monday, March 4th.

Hyster-Yale Materials Handling Stock Down 1.4 %

Shares of HY stock opened at $60.74 on Thursday. The stock’s 50 day simple moving average is $62.27 and its 200 day simple moving average is $57.22. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 1.22. Hyster-Yale Materials Handling, Inc. has a twelve month low of $38.50 and a twelve month high of $72.40. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 8.38 and a beta of 1.48.

Hyster-Yale Materials Handling (NYSE:HY) last issued 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). Hyster-Yale Materials Handling had a net margin of 3.06% and a return on equity of 40.35%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. As a group, research analysts predict that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were issued a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a yield of 2.14%. The ex-dividend date of this dividend was Thursday, February 29th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 17.93%.

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, 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.