John C. Butler, Jr. Purchases 222 Shares of Hyster-Yale Materials Handling Inc (HY) Stock

Hyster-Yale Materials Handling Inc (NYSE:HY) insider John C. Butler, Jr. bought 222 shares of the company’s stock in a transaction dated Friday, November 9th. The stock was bought at an average cost of $64.98 per share, with a total value of $14,425.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

HY stock opened at $62.05 on Wednesday. Hyster-Yale Materials Handling Inc has a fifty-two week low of $56.40 and a fifty-two week high of $91.39. The firm has a market cap of $1.03 billion, a P/E ratio of 15.28 and a beta of 1.17. The company has a quick ratio of 0.83, a current ratio of 1.49 and a debt-to-equity ratio of 0.36.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.33. Hyster-Yale Materials Handling had a return on equity of 7.86% and a net margin of 1.07%. The firm had revenue of $782.90 million during the quarter, compared to analysts’ expectations of $761.20 million. During the same period last year, the firm posted $1.00 EPS. The business’s revenue was up 13.3% on a year-over-year basis.

A number of equities analysts have recently issued reports on the company. TheStreet raised Hyster-Yale Materials Handling from a “c” rating to a “b-” rating in a report on Wednesday, October 31st. ValuEngine raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Wednesday, October 17th. Four analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and an average target price of $76.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in shares of Hyster-Yale Materials Handling by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,130 shares of the industrial products company’s stock valued at $3,638,000 after buying an additional 1,025 shares during the period. Fisher Asset Management LLC increased its stake in shares of Hyster-Yale Materials Handling by 2.2% in the 3rd quarter. Fisher Asset Management LLC now owns 47,746 shares of the industrial products company’s stock valued at $2,938,000 after buying an additional 1,033 shares during the period. Synovus Financial Corp increased its stake in shares of Hyster-Yale Materials Handling by 9.7% in the 3rd quarter. Synovus Financial Corp now owns 12,354 shares of the industrial products company’s stock valued at $761,000 after buying an additional 1,092 shares during the period. Legal & General Group Plc increased its stake in shares of Hyster-Yale Materials Handling by 34.9% in the 1st quarter. Legal & General Group Plc now owns 4,803 shares of the industrial products company’s stock valued at $335,000 after buying an additional 1,243 shares during the period. Finally, Stanley Laman Group Ltd. increased its stake in shares of Hyster-Yale Materials Handling by 15.5% in the 2nd quarter. Stanley Laman Group Ltd. now owns 11,089 shares of the industrial products company’s stock valued at $712,000 after buying an additional 1,486 shares during the period. 50.44% of the stock is owned by institutional investors.

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About Hyster-Yale Materials Handling

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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