Hyster-Yale Materials Handling, Inc. (HY) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP raised its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 927,810 shares of the industrial products company’s stock after acquiring an additional 18,840 shares during the quarter. Dimensional Fund Advisors LP owned approximately 7.40% of Hyster-Yale Materials Handling worth $65,179,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HY. Federated Investors Inc. PA raised its holdings in shares of Hyster-Yale Materials Handling by 2,279,500.0% during the second quarter. Federated Investors Inc. PA now owns 68,388 shares of the industrial products company’s stock valued at $4,805,000 after acquiring an additional 68,385 shares during the last quarter. New Amsterdam Partners LLC NY acquired a new stake in shares of Hyster-Yale Materials Handling in the second quarter valued at approximately $4,402,000. JPMorgan Chase & Co. increased its holdings in shares of Hyster-Yale Materials Handling by 62.8% in the second quarter. JPMorgan Chase & Co. now owns 117,901 shares of the industrial products company’s stock valued at $8,282,000 after purchasing an additional 45,467 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 5.6% in the first quarter. Vanguard Group Inc. now owns 634,959 shares of the industrial products company’s stock valued at $35,805,000 after purchasing an additional 33,777 shares during the last quarter. Finally, Royce & Associates LP increased its holdings in shares of Hyster-Yale Materials Handling by 9.5% in the second quarter. Royce & Associates LP now owns 284,957 shares of the industrial products company’s stock valued at $20,018,000 after purchasing an additional 24,619 shares during the last quarter. 51.54% of the stock is owned by institutional investors and hedge funds.

Shares of Hyster-Yale Materials Handling, Inc. (NYSE HY) opened at 82.00 on Friday. The company has a 50 day moving average price of $73.50 and a 200 day moving average price of $69.39. The firm has a market cap of $1.35 billion, a PE ratio of 22.91 and a beta of 1.06. Hyster-Yale Materials Handling, Inc. has a 12-month low of $49.84 and a 12-month high of $82.32.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 15th. Investors of record on Friday, September 1st were given a dividend of $0.3025 per share. The ex-dividend date of this dividend was Wednesday, August 30th. This represents a $1.21 annualized dividend and a dividend yield of 1.48%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 33.80%.

In related news, insider Susan Sichel sold 1,250 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $64.46, for a total transaction of $80,575.00. Following the completion of the transaction, the insider now directly owns 16,850 shares in the company, valued at approximately $1,086,151. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Frank F. Taplin sold 1,464 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $68.25, for a total value of $99,918.00. The disclosure for this sale can be found here. Insiders own 26.34% of the company’s stock.

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HY has been the subject of several recent research reports. ValuEngine cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Zacks Investment Research cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. Sidoti raised Hyster-Yale Materials Handling from a “neutral” rating to a “buy” rating in a report on Tuesday, August 8th. Finally, BidaskClub cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.00.

Hyster-Yale Materials Handling Company Profile

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.

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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