Strs Ohio decreased its position in Hyster-Yale Materials Handling Inc (NYSE:HY) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,100 shares of the industrial products company’s stock after selling 800 shares during the quarter. Strs Ohio owned about 0.06% of Hyster-Yale Materials Handling worth $860,000 at the end of the most recent reporting period.
Several other institutional investors have also recently made changes to their positions in HY. Simplex Trading LLC increased its position in Hyster-Yale Materials Handling by 123.9% in the 3rd quarter. Simplex Trading LLC now owns 2,243 shares of the industrial products company’s stock worth $171,000 after purchasing an additional 1,241 shares during the last quarter. Mutual of America Capital Management LLC boosted its stake in Hyster-Yale Materials Handling by 18.5% during the 3rd quarter. Mutual of America Capital Management LLC now owns 72,647 shares of the industrial products company’s stock valued at $5,553,000 after purchasing an additional 11,347 shares during the period. Teachers Advisors LLC lifted its position in shares of Hyster-Yale Materials Handling by 68.1% in the 2nd quarter. Teachers Advisors LLC now owns 28,211 shares of the industrial products company’s stock worth $1,982,000 after acquiring an additional 11,424 shares during the period. GSA Capital Partners LLP lifted its position in shares of Hyster-Yale Materials Handling by 9.5% in the 3rd quarter. GSA Capital Partners LLP now owns 42,651 shares of the industrial products company’s stock worth $3,260,000 after acquiring an additional 3,707 shares during the period. Finally, Macquarie Group Ltd. bought a new stake in shares of Hyster-Yale Materials Handling in the 3rd quarter worth approximately $639,000. Institutional investors and hedge funds own 50.00% of the company’s stock.
Several research firms recently commented on HY. Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a research report on Tuesday, January 23rd. ValuEngine raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Finally, Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Thursday, November 9th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.00.
In other news, insider Frank F. Taplin sold 1,178 shares of the stock in a transaction on Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total value of $99,423.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 26.34% of the stock is owned by corporate insiders.
Shares of Hyster-Yale Materials Handling Inc (NYSE:HY) traded up $1.08 during midday trading on Thursday, reaching $81.73. The company’s stock had a trading volume of 7,710 shares, compared to its average volume of 39,450. Hyster-Yale Materials Handling Inc has a 1 year low of $53.50 and a 1 year high of $93.90. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $1,295.40, a P/E ratio of 22.29 and a beta of 1.05.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 1st will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 1.48%. The ex-dividend date of this dividend is Wednesday, February 28th. Hyster-Yale Materials Handling’s payout ratio is presently 31.59%.
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About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.
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