Chesapeake Capital Corp IL Sells 311 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Chesapeake Capital Corp IL lessened its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 6.0% during the third quarter, HoldingsChannel.com reports. The fund owned 4,837 shares of the industrial products company’s stock after selling 311 shares during the period. Chesapeake Capital Corp IL’s holdings in Hyster-Yale Materials Handling were worth $308,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD lifted its stake in shares of Hyster-Yale Materials Handling by 296.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 24,397 shares of the industrial products company’s stock worth $1,566,000 after acquiring an additional 18,247 shares during the period. Swedbank AB bought a new stake in Hyster-Yale Materials Handling during the first quarter worth $5,519,000. Acadian Asset Management LLC grew its holdings in 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 worth $8,656,000 after buying an additional 58,814 shares in the last quarter. Sei Investments Co. grew its stake in Hyster-Yale Materials Handling by 24.8% in the 2nd quarter. Sei Investments Co. now owns 44,166 shares of the industrial products company’s stock valued at $3,080,000 after purchasing an additional 8,764 shares during the period. Finally, Inspire Investing LLC grew its stake in Hyster-Yale Materials Handling by 86.8% in the 3rd quarter. Inspire Investing LLC now owns 20,299 shares of the industrial products company’s stock valued at $1,294,000 after purchasing an additional 9,432 shares during the period. Institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Stock Up 0.3 %

Shares of NYSE:HY opened at $53.17 on Monday. The stock has a fifty day simple moving average of $61.77 and a two-hundred day simple moving average of $66.54. The stock has a market capitalization of $930.48 million, a price-to-earnings ratio of 5.97 and a beta of 1.32. Hyster-Yale Materials Handling, Inc. has a 12-month low of $46.25 and a 12-month high of $84.44. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.97 by ($1.00). The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. During the same quarter in the previous year, the firm posted $2.06 EPS. On average, research analysts anticipate 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. Investors of record on Friday, November 29th will be issued a $0.35 dividend. This represents a $1.40 annualized dividend and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, November 29th. Hyster-Yale Materials Handling’s payout ratio is currently 15.71%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HY. Northland Capmk downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Roth Mkm lowered their price target on 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, StockNews.com lowered Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $80.00.

Hyster-Yale Materials Handling Company 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.