US Bancorp DE Has $88,000 Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

US Bancorp DE raised its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 29.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,726 shares of the industrial products company’s stock after purchasing an additional 389 shares during the quarter. US Bancorp DE’s holdings in Hyster-Yale Materials Handling were worth $88,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinpoint Asset Management Ltd bought a new stake in shares of Hyster-Yale Materials Handling during the 3rd quarter valued at about $32,000. Franklin Resources Inc. boosted its holdings in shares of Hyster-Yale Materials Handling by 4.7% during the 3rd quarter. Franklin Resources Inc. now owns 18,680 shares of the industrial products company’s stock worth $1,260,000 after buying an additional 845 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of Hyster-Yale Materials Handling by 10.7% during the 4th quarter. Principal Financial Group Inc. now owns 10,092 shares of the industrial products company’s stock worth $514,000 after buying an additional 972 shares during the period. Foundry Partners LLC increased its stake in shares of Hyster-Yale Materials Handling by 1.6% in the 3rd quarter. Foundry Partners LLC now owns 73,525 shares of the industrial products company’s stock valued at $4,689,000 after acquiring an additional 1,162 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Hyster-Yale Materials Handling by 0.7% during the third quarter. Geode Capital Management LLC now owns 255,870 shares of the industrial products company’s stock worth $16,320,000 after acquiring an additional 1,658 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

Hyster-Yale Materials Handling Stock Up 0.4 %

Shares of NYSE:HY opened at $44.99 on Tuesday. The firm has a market cap of $796.10 million, a P/E ratio of 5.05 and a beta of 1.27. Hyster-Yale Materials Handling, Inc. has a 52-week low of $42.59 and a 52-week high of $84.44. The business’s 50 day simple moving average is $50.88 and its two-hundred day simple moving average is $55.81. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 3.11%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 17.37%.

Hyster-Yale Materials Handling declared that its board has authorized a share repurchase plan on Monday, November 18th that allows the company to repurchase $50.00 million in outstanding shares. This repurchase authorization allows the industrial products company to repurchase up to 5.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s management believes its shares are undervalued.

Hyster-Yale Materials Handling Profile

Hyster-Yale, 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.