AJOVista LLC Makes New Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

AJOVista LLC acquired a new stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,145 shares of the industrial products company’s stock, valued at approximately $71,000.

A number of other hedge funds also recently bought and sold shares of the company. New York State Teachers Retirement System bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter valued at about $61,000. SG Americas Securities LLC bought a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth approximately $151,000. Bailard Inc. purchased a new position in shares of Hyster-Yale Materials Handling in the third quarter worth $227,000. Dumont & Blake Investment Advisors LLC bought a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at $263,000. Finally, NBC Securities Inc. purchased a new stake in Hyster-Yale Materials Handling during the 3rd quarter valued at $334,000. Institutional investors own 46.47% of the company’s stock.

Insider Activity

In other 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 transaction of $293,250.00. Following the completion of the transaction, the insider now directly owns 378,872 shares in the company, valued at $22,220,842.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Frank F. Taplin sold 11,720 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $58.10, for a total transaction of $680,932.00. Following the sale, the insider now directly owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Frank F. Taplin sold 5,000 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Friday, March 1st. The stock was sold at an average price of $58.65, for a total transaction of $293,250.00. Following the completion of the sale, the insider now directly owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

Hyster-Yale Materials Handling Trading Up 0.9 %

Shares of HY stock traded up $0.55 during trading hours on Friday, reaching $58.80. The company’s stock had a trading volume of 94,847 shares, compared to its average volume of 77,226. The stock has a market capitalization of $1.03 billion, a P/E ratio of 8.11 and a beta of 1.49. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $72.40. The firm’s fifty day simple moving average is $60.77 and its 200 day simple moving average is $57.99. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62.

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). The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate 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 expect that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were paid a $0.325 dividend. This represents a $1.30 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date was Thursday, February 29th. Hyster-Yale Materials Handling’s payout ratio is presently 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.