Charles Schwab Investment Management Inc. Has $5.76 Million Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 113,012 shares of the industrial products company’s stock after selling 2,147 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Hyster-Yale Materials Handling were worth $5,756,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of HY. Geode Capital Management LLC raised its position in shares of Hyster-Yale Materials Handling by 0.7% in the third quarter. Geode Capital Management LLC now owns 255,870 shares of the industrial products company’s stock valued at $16,320,000 after purchasing an additional 1,658 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Hyster-Yale Materials Handling by 2.3% during the 4th quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company’s stock worth $5,562,000 after buying an additional 2,446 shares during the period. FMR LLC grew its stake in Hyster-Yale Materials Handling by 31.9% in the 3rd quarter. FMR LLC now owns 51,280 shares of the industrial products company’s stock valued at $3,270,000 after buying an additional 12,390 shares during the last quarter. De Lisle Partners LLP raised its holdings in Hyster-Yale Materials Handling by 23.4% in the 3rd quarter. De Lisle Partners LLP now owns 40,241 shares of the industrial products company’s stock worth $2,564,000 after acquiring an additional 7,642 shares during the period. Finally, Truvestments Capital LLC lifted its position in Hyster-Yale Materials Handling by 19.1% during the 3rd quarter. Truvestments Capital LLC now owns 37,452 shares of the industrial products company’s stock worth $2,388,000 after acquiring an additional 6,002 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Stock Up 1.3 %

HY opened at $45.14 on Tuesday. The business has a 50 day moving average of $50.40 and a 200-day moving average of $55.27. The stock has a market capitalization of $798.84 million, a price-to-earnings ratio of 5.07 and a beta of 1.27. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a 1-year low of $42.59 and a 1-year high of $84.44.

Hyster-Yale Materials Handling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were issued a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 17.37%.

Analyst Ratings Changes

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

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.