Covestor Ltd Has $27,000 Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Covestor Ltd raised its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 21,350.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 429 shares of the industrial products company’s stock after acquiring an additional 427 shares during the quarter. Covestor Ltd’s holdings in Hyster-Yale Materials Handling were worth $27,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in HY. 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 valued at $518,000 after purchasing an additional 395 shares during the period. Sei Investments Co. raised its holdings in shares of Hyster-Yale Materials Handling by 106.9% during the first quarter. Sei Investments Co. now owns 35,402 shares of the industrial products company’s stock valued at $2,272,000 after purchasing an additional 18,293 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Hyster-Yale Materials Handling by 20.2% during the first quarter. Russell Investments Group Ltd. now owns 26,002 shares of the industrial products company’s stock valued at $1,669,000 after purchasing an additional 4,370 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Hyster-Yale Materials Handling by 77.2% during the first quarter. Acadian Asset Management LLC now owns 134,959 shares of the industrial products company’s stock valued at $8,656,000 after purchasing an additional 58,814 shares during the period. Finally, EntryPoint Capital LLC acquired a new position in shares of Hyster-Yale Materials Handling during the first quarter valued at about $27,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Trading Up 0.5 %

HY opened at $53.28 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $46.25 and a fifty-two week high of $84.44. The firm has a market capitalization of $932.40 million, a PE ratio of 5.97 and a beta of 1.32. The company’s 50-day moving average is $61.85 and its 200 day moving average is $66.53.

Hyster-Yale Materials Handling (NYSE:HY) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($1.00). Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the prior year, the company earned $2.06 EPS. As a group, research analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date of this dividend is Friday, November 29th. This represents a $1.40 annualized dividend and a yield of 2.63%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 15.71%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HY shares. StockNews.com lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Roth Mkm dropped their price objective on shares of Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. Finally, 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. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

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.