86,000 Shares in Hyster-Yale Materials Handling, Inc. (NYSE:HY) Bought by Swedbank AB

Swedbank AB purchased a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 86,000 shares of the industrial products company’s stock, valued at approximately $5,519,000. Swedbank AB owned approximately 0.49% of Hyster-Yale Materials Handling at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HY. Campbell & CO Investment Adviser LLC increased its stake in Hyster-Yale Materials Handling by 277.7% in the fourth quarter. Campbell & CO Investment Adviser LLC now owns 27,824 shares of the industrial products company’s stock valued at $1,730,000 after purchasing an additional 20,457 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its stake in Hyster-Yale Materials Handling by 29.6% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 287,698 shares of the industrial products company’s stock valued at $18,462,000 after purchasing an additional 65,708 shares during the period. Acadian Asset Management LLC increased its stake in Hyster-Yale Materials Handling by 77.2% in the first quarter. Acadian Asset Management LLC now owns 134,959 shares of the industrial products company’s stock valued at $8,656,000 after purchasing an additional 58,814 shares during the period. Hillsdale Investment Management Inc. increased its stake in Hyster-Yale Materials Handling by 92,150.0% in the fourth quarter. Hillsdale Investment Management Inc. now owns 92,250 shares of the industrial products company’s stock valued at $5,737,000 after purchasing an additional 92,150 shares during the period. Finally, Cornercap Investment Counsel Inc. increased its stake in Hyster-Yale Materials Handling by 0.8% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 21,398 shares of the industrial products company’s stock valued at $1,331,000 after purchasing an additional 163 shares during the period. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on HY. Northland Capmk upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 5th. Northland Securities upgraded shares of Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Wednesday, June 5th. Finally, Roth Mkm reiterated a “buy” rating and set a $87.00 price target on shares of Hyster-Yale Materials Handling in a research note on Friday, June 7th. Three equities research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus target price of $88.50.

Hyster-Yale Materials Handling Price Performance

HY traded down $5.84 on Friday, hitting $73.86. 113,998 shares of the company were exchanged, compared to its average volume of 73,953. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.56 and a current ratio of 1.25. The business’s fifty day moving average is $72.55 and its 200 day moving average is $67.58. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $84.44. The firm has a market capitalization of $1.29 billion, a P/E ratio of 8.56 and a beta of 1.35.

Hyster-Yale Materials Handling (NYSE:HY) last issued its earnings results on Tuesday, May 7th. The industrial products company reported $2.93 earnings per share for the quarter, topping the consensus estimate of $2.14 by $0.79. The company had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. As a group, sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.3 EPS for the current year.

Hyster-Yale Materials Handling Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Friday, May 31st were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, May 31st. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a dividend yield of 1.90%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 16.22%.

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.