Susquehanna Portfolio Strategies LLC Has $426,000 Stock Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Susquehanna Portfolio Strategies LLC trimmed its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 18.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 6,109 shares of the industrial products company’s stock after selling 1,400 shares during the quarter. Susquehanna Portfolio Strategies LLC’s holdings in Hyster-Yale Materials Handling were worth $426,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Jacobs Levy Equity Management Inc. grew its holdings in Hyster-Yale Materials Handling by 298.7% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 132,136 shares of the industrial products company’s stock worth $8,479,000 after acquiring an additional 98,996 shares during the period. American Century Companies Inc. boosted its stake in Hyster-Yale Materials Handling by 149.8% during the 2nd quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company’s stock worth $10,546,000 after acquiring an additional 90,696 shares during the last quarter. Swedbank AB acquired a new position in Hyster-Yale Materials Handling during the first quarter valued at approximately $5,519,000. Acadian Asset Management LLC grew its holdings in Hyster-Yale Materials Handling by 63.7% during the second quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company’s stock valued at $15,390,000 after purchasing an additional 85,906 shares during the period. Finally, Foundry Partners LLC acquired a new stake in Hyster-Yale Materials Handling in the second quarter worth $5,046,000. Institutional investors own 46.47% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently issued reports on HY. Northland Capmk lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. StockNews.com raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Tuesday, September 24th. Northland Securities raised Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research report on Wednesday, June 5th. Finally, Roth Mkm reiterated a “buy” rating and set a $84.00 price objective (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a report on Thursday, August 8th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Hyster-Yale Materials Handling Price Performance

HY stock opened at $63.73 on Friday. The stock has a market cap of $1.11 billion, a PE ratio of 7.38 and a beta of 1.31. The stock has a 50-day moving average price of $64.13 and a two-hundred day moving average price of $66.20. 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 current ratio of 1.31, a quick ratio of 0.63 and a debt-to-equity ratio of 0.53.

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, topping analysts’ consensus estimates of $2.28 by $1.30. The company had revenue of $1.17 billion during the quarter, compared to the consensus estimate 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 business posted $2.21 EPS. Equities analysts forecast that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current fiscal year.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were paid a $0.35 dividend. The ex-dividend date was Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a yield of 2.20%. Hyster-Yale Materials Handling’s dividend payout ratio is 16.22%.

About Hyster-Yale Materials Handling

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.