Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) have received an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $70.00.
HY has been the topic of several recent analyst reports. ValuEngine lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Monday, October 2nd. Seaport Global Securities lowered shares of Hyster-Yale Materials Handling from a “neutral” rating to a “sell” rating and set a $56.00 price target on the stock. in a report on Monday, November 6th. Zacks Investment Research lowered shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Thursday, October 19th. Finally, Sidoti restated a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th.
Hyster-Yale Materials Handling (NYSE HY) opened at $85.62 on Thursday. The firm has a market cap of $1,403.22, a PE ratio of 24.15 and a beta of 1.08. Hyster-Yale Materials Handling has a 1-year low of $53.50 and a 1-year high of $93.90. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Stockholders of record on Friday, December 1st will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.41%. The ex-dividend date of this dividend is Thursday, November 30th. Hyster-Yale Materials Handling’s payout ratio is currently 31.59%.
Several hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in Hyster-Yale Materials Handling by 4.9% in the second quarter. Legal & General Group Plc now owns 3,361 shares of the industrial products company’s stock valued at $237,000 after buying an additional 156 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Hyster-Yale Materials Handling by 1.5% during the second quarter. Rhumbline Advisers now owns 12,520 shares of the industrial products company’s stock valued at $880,000 after purchasing an additional 190 shares in the last quarter. US Bancorp DE raised its stake in shares of Hyster-Yale Materials Handling by 3.8% during the second quarter. US Bancorp DE now owns 8,132 shares of the industrial products company’s stock valued at $571,000 after purchasing an additional 301 shares in the last quarter. Victory Capital Management Inc. grew its holdings in Hyster-Yale Materials Handling by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock worth $149,000 after acquiring an additional 319 shares during the period. Finally, Strs Ohio grew its holdings in Hyster-Yale Materials Handling by 6.1% during the second quarter. Strs Ohio now owns 8,700 shares of the industrial products company’s stock worth $611,000 after acquiring an additional 500 shares during the period. 50.96% of the stock is owned by institutional investors and hedge funds.
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Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.
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