The Manufacturers Life Insurance Company Acquires 200 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

The Manufacturers Life Insurance Company boosted its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 4.7% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 4,442 shares of the industrial products company’s stock after purchasing an additional 200 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Hyster-Yale Materials Handling were worth $310,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Millennium Management LLC lifted its holdings in Hyster-Yale Materials Handling by 1.5% during the 2nd quarter. Millennium Management LLC now owns 48,064 shares of the industrial products company’s stock worth $3,352,000 after buying an additional 713 shares in the last quarter. Dark Forest Capital Management LP lifted its holdings in Hyster-Yale Materials Handling by 9.4% during the 2nd quarter. Dark Forest Capital Management LP now owns 5,873 shares of the industrial products company’s stock worth $410,000 after buying an additional 503 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Hyster-Yale Materials Handling by 0.5% during the 2nd quarter. AQR Capital Management LLC now owns 76,587 shares of the industrial products company’s stock worth $5,340,000 after buying an additional 363 shares in the last quarter. Itau Unibanco Holding S.A. acquired a new position in Hyster-Yale Materials Handling during the 2nd quarter worth $67,000. Finally, Sei Investments Co. lifted its holdings in Hyster-Yale Materials Handling by 24.8% during the 2nd quarter. Sei Investments Co. now owns 44,166 shares of the industrial products company’s stock worth $3,080,000 after buying an additional 8,764 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Northland Capmk downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Roth Mkm reissued a “buy” rating and issued a $84.00 price target (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. Finally, StockNews.com raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hyster-Yale Materials Handling currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Hyster-Yale Materials Handling Stock Performance

HY stock opened at $67.63 on Friday. The business’s fifty day moving average is $61.87 and its 200-day moving average is $66.73. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The company has a market cap of $1.18 billion, a P/E ratio of 7.84 and a beta of 1.31. Hyster-Yale Materials Handling, Inc. has a twelve month low of $38.50 and a twelve month high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $1.30. The company had revenue of $1.17 billion for the quarter, compared to the consensus estimate of $1.08 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same quarter in the prior year, the business posted $2.21 EPS. Equities research analysts forecast that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend was Friday, August 30th. Hyster-Yale Materials Handling’s payout ratio is presently 16.22%.

Hyster-Yale Materials Handling Company 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.