Hyster-Yale Materials Handling Inc (HY) Chairman Alfred M. Et Al Rankin Acquires 5,698 Shares

Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin acquired 5,698 shares of the company’s stock in a transaction dated Friday, October 26th. The stock was acquired at an average cost of $59.78 per share, with a total value of $340,626.44. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Hyster-Yale Materials Handling stock opened at $60.45 on Thursday. Hyster-Yale Materials Handling Inc has a 52-week low of $56.40 and a 52-week high of $93.90. The firm has a market capitalization of $991.31 million, a PE ratio of 14.89 and a beta of 1.17. The company has a quick ratio of 0.87, a current ratio of 1.51 and a debt-to-equity ratio of 0.34.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.33. Hyster-Yale Materials Handling had a net margin of 1.14% and a return on equity of 8.26%. The company had revenue of $782.90 million during the quarter, compared to analyst estimates of $761.20 million. During the same quarter in the prior year, the business earned $1.00 earnings per share. The business’s quarterly revenue was up 13.3% compared to the same quarter last year.

HY has been the subject of several recent research reports. TheStreet lowered shares of Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research report on Friday, August 3rd. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Friday, September 21st. Four equities research analysts have rated the stock with a hold rating, The stock currently has an average rating of “Hold” and a consensus price target of $66.00.

Several institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Hyster-Yale Materials Handling by 3.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 950,676 shares of the industrial products company’s stock valued at $61,081,000 after purchasing an additional 34,490 shares in the last quarter. LSV Asset Management grew its holdings in Hyster-Yale Materials Handling by 2.3% during the 2nd quarter. LSV Asset Management now owns 697,316 shares of the industrial products company’s stock valued at $44,802,000 after purchasing an additional 15,700 shares in the last quarter. BlackRock Inc. grew its holdings in Hyster-Yale Materials Handling by 5.9% during the 2nd quarter. BlackRock Inc. now owns 659,197 shares of the industrial products company’s stock valued at $42,353,000 after purchasing an additional 36,744 shares in the last quarter. Royce & Associates LP grew its holdings in Hyster-Yale Materials Handling by 7.3% during the 2nd quarter. Royce & Associates LP now owns 311,633 shares of the industrial products company’s stock valued at $20,022,000 after purchasing an additional 21,116 shares in the last quarter. Finally, FMR LLC grew its holdings in Hyster-Yale Materials Handling by 2.4% during the 2nd quarter. FMR LLC now owns 298,643 shares of the industrial products company’s stock valued at $19,188,000 after purchasing an additional 7,079 shares in the last quarter. 50.37% of the stock is owned by institutional investors.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

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