Hyster-Yale Materials Handling Inc (NYSE:HY) insider Theodore D. Taplin sold 1,018 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $56.79, for a total transaction of $57,812.22. Following the transaction, the insider now directly owns 39,939 shares of the company’s stock, valued at $2,268,135.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:HY traded up $1.31 during midday trading on Thursday, hitting $56.73. 629 shares of the stock traded hands, compared to its average volume of 55,158. The stock has a market capitalization of $903.03 million, a PE ratio of 29.14 and a beta of 1.44. The business’s 50 day moving average is $51.84 and its two-hundred day moving average is $53.69. The company has a quick ratio of 0.68, a current ratio of 1.38 and a debt-to-equity ratio of 0.37. Hyster-Yale Materials Handling Inc has a one year low of $43.26 and a one year high of $76.79.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, October 29th. The industrial products company reported $0.76 EPS for the quarter, missing the consensus estimate of $0.80 by ($0.04). The firm had revenue of $766.00 million for the quarter, compared to the consensus estimate of $857.90 million. Hyster-Yale Materials Handling had a net margin of 0.95% and a return on equity of 5.61%. The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the company posted $0.93 earnings per share.
Separately, Sidoti upped their price objective on shares of Hyster-Yale Materials Handling from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, July 31st.
A number of hedge funds have recently added to or reduced their stakes in HY. BlackRock Inc. raised its stake in Hyster-Yale Materials Handling by 39.9% in the second quarter. BlackRock Inc. now owns 961,424 shares of the industrial products company’s stock worth $53,128,000 after buying an additional 274,129 shares in the last quarter. Nuveen Asset Management LLC purchased a new stake in Hyster-Yale Materials Handling in the second quarter worth about $3,564,000. Eidelman Virant Capital purchased a new stake in Hyster-Yale Materials Handling in the third quarter worth about $1,998,000. Acadian Asset Management LLC grew its holdings in Hyster-Yale Materials Handling by 196.0% in the second quarter. Acadian Asset Management LLC now owns 27,411 shares of the industrial products company’s stock worth $1,515,000 after purchasing an additional 18,151 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Hyster-Yale Materials Handling by 2.0% in the second quarter. Vanguard Group Inc. now owns 892,060 shares of the industrial products company’s stock worth $49,296,000 after purchasing an additional 17,320 shares during the period. 44.74% of the stock is owned by institutional investors.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.
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