Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Sold by Chesapeake Capital Corp IL

Chesapeake Capital Corp IL decreased its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 6.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm 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 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Janney Montgomery Scott LLC raised its position in 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 acquiring an additional 395 shares in the last quarter. Sei Investments Co. boosted its stake in 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 worth $2,272,000 after buying an additional 18,293 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Hyster-Yale Materials Handling by 20.2% in the 1st 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 in the last quarter. Acadian Asset Management LLC boosted its stake in shares of Hyster-Yale Materials Handling by 77.2% in the 1st 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 in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Hyster-Yale Materials Handling in the 1st quarter valued at $27,000. Institutional investors own 46.47% of the company’s stock.

Analyst Ratings Changes

HY has been the subject of a number of research analyst reports. Roth Mkm cut their price target on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. Northland Capmk cut Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Finally, StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Hyster-Yale Materials Handling has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Hyster-Yale Materials Handling Price Performance

Shares of HY opened at $53.17 on Monday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The stock has a 50 day simple moving average of $61.77 and a 200 day simple moving average of $66.54. Hyster-Yale Materials Handling, Inc. has a 52-week low of $46.25 and a 52-week high of $84.44. The firm has a market capitalization of $930.48 million, a PE ratio of 5.97 and a beta of 1.32.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly 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 firm had revenue of $1.02 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same period last year, the company earned $2.06 EPS. Sell-side analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

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

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.