Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Bought by Foundry Partners LLC

Foundry Partners LLC lifted its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 6.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 78,185 shares of the industrial products company’s stock after acquiring an additional 4,660 shares during the quarter. Foundry Partners LLC’s holdings in Hyster-Yale Materials Handling were worth $3,982,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HY. A&I Financial Services LLC bought a new position in shares of Hyster-Yale Materials Handling during the 4th quarter valued at about $492,000. Barclays PLC grew its position in Hyster-Yale Materials Handling by 19.0% in the third quarter. Barclays PLC now owns 26,492 shares of the industrial products company’s stock worth $1,690,000 after buying an additional 4,226 shares during the last quarter. FMR LLC increased its holdings in shares of Hyster-Yale Materials Handling by 31.9% in the third quarter. FMR LLC now owns 51,280 shares of the industrial products company’s stock valued at $3,270,000 after buying an additional 12,390 shares in the last quarter. Hussman Strategic Advisors Inc. acquired a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter valued at $321,000. Finally, Empowered Funds LLC bought a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter worth $1,243,000. Institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Stock Down 0.4 %

HY stock opened at $36.90 on Friday. The company’s 50 day simple moving average is $48.27 and its 200-day simple moving average is $54.27. Hyster-Yale Materials Handling, Inc. has a 52-week low of $34.92 and a 52-week high of $84.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The firm has a market capitalization of $652.93 million, a P/E ratio of 4.14 and a beta of 1.32.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.79%. Hyster-Yale Materials Handling’s payout ratio is currently 17.37%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

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.