Millennium Management LLC Has $3.35 Million Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Millennium Management LLC raised its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.5% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 48,064 shares of the industrial products company’s stock after acquiring an additional 713 shares during the period. Millennium Management LLC’s holdings in Hyster-Yale Materials Handling were worth $3,352,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. CWM LLC boosted its position in shares of Hyster-Yale Materials Handling by 0.5% during the second quarter. CWM LLC now owns 41,992 shares of the industrial products company’s stock worth $2,928,000 after purchasing an additional 192 shares in the last quarter. Summit Global Investments boosted its position in shares of Hyster-Yale Materials Handling by 2.4% during the second quarter. Summit Global Investments now owns 10,334 shares of the industrial products company’s stock worth $721,000 after purchasing an additional 240 shares in the last quarter. Mcdonald Partners LLC boosted its position in shares of Hyster-Yale Materials Handling by 0.9% during the second quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company’s stock worth $2,807,000 after purchasing an additional 352 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Hyster-Yale Materials Handling by 0.5% during the second quarter. AQR Capital Management LLC now owns 76,587 shares of the industrial products company’s stock worth $5,340,000 after acquiring an additional 363 shares during the period. Finally, Janney Montgomery Scott LLC raised its holdings in shares of Hyster-Yale Materials Handling by 5.1% during the first quarter. Janney Montgomery Scott LLC now owns 8,070 shares of the industrial products company’s stock worth $518,000 after acquiring an additional 395 shares during the period. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Price Performance

HY stock opened at $67.45 on Tuesday. The company has a 50 day simple moving average of $61.60 and a 200 day simple moving average of $66.70. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 7.82 and a beta of 1.31. Hyster-Yale Materials Handling, Inc. has a 1 year low of $38.50 and a 1 year high of $84.44. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $1.30. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.08 billion. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. During the same period in the prior year, the firm posted $2.21 EPS. Research analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.08%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 16.22%.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Northland Capmk lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Finally, Roth Mkm reiterated a “buy” rating and issued a $84.00 price target (down from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Hyster-Yale Materials Handling has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Hyster-Yale Materials Handling Profile

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.