Hyster-Yale Materials Handling (NYSE:HY) Hits New 52-Week Low at $36.35

Hyster-Yale Materials Handling, Inc. (NYSE:HY) shares hit a new 52-week low during trading on Friday . The stock traded as low as $36.35 and last traded at $36.35, with a volume of 3 shares trading hands. The stock had previously closed at $37.07.

Separately, TheStreet downgraded Hyster-Yale Materials Handling from a “c” rating to a “d+” rating in a research note on Friday, November 5th.

The company’s 50-day simple moving average is $46.00 and its 200 day simple moving average is $59.28. The company has a current ratio of 1.34, a quick ratio of 0.58 and a debt-to-equity ratio of 0.51. The stock has a market cap of $611.94 million, a P/E ratio of -10.79 and a beta of 1.11.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, November 2nd. The industrial products company reported ($4.59) EPS for the quarter, missing analysts’ consensus estimates of ($0.43) by ($4.16). The company had revenue of $748.20 million during the quarter. Hyster-Yale Materials Handling had a negative return on equity of 9.41% and a negative net margin of 1.91%.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, December 15th. Investors of record on Wednesday, December 1st will be issued a $0.322 dividend. The ex-dividend date of this dividend is Tuesday, November 30th. This represents a $1.29 dividend on an annualized basis and a dividend yield of 3.54%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently -38.28%.

A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in Hyster-Yale Materials Handling by 1.9% in the 2nd quarter. Vanguard Group Inc. now owns 919,172 shares of the industrial products company’s stock valued at $67,082,000 after buying an additional 17,330 shares in the last quarter. Gamco Investors INC. ET AL grew its stake in Hyster-Yale Materials Handling by 26.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 689,644 shares of the industrial products company’s stock valued at $34,662,000 after buying an additional 143,688 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Hyster-Yale Materials Handling by 14.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 300,534 shares of the industrial products company’s stock valued at $21,934,000 after buying an additional 38,504 shares in the last quarter. Victory Capital Management Inc. grew its stake in Hyster-Yale Materials Handling by 31.4% in the 3rd quarter. Victory Capital Management Inc. now owns 276,447 shares of the industrial products company’s stock valued at $13,894,000 after buying an additional 66,047 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Hyster-Yale Materials Handling by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 185,990 shares of the industrial products company’s stock valued at $9,347,000 after buying an additional 3,204 shares in the last quarter. Institutional investors and hedge funds own 45.91% of the company’s stock.

Hyster-Yale Materials Handling Company Profile (NYSE:HY)

Hyster-Yale Materials Handling, Inc engages in the manufacture of lift trucks. The firm provides an array of solutions aimed at meeting the specific materials handling needs of its customers including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, and a variety of other power options for its lift trucks.

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