Algert Global LLC Purchases 3,512 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Algert Global LLC raised its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 17.1% during the 4th quarter, HoldingsChannel reports. The fund owned 24,045 shares of the industrial products company’s stock after buying an additional 3,512 shares during the quarter. Algert Global LLC’s holdings in Hyster-Yale Materials Handling were worth $1,225,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the company. Meeder Asset Management Inc. lifted its position in shares of Hyster-Yale Materials Handling by 421.8% in the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 599 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in Hyster-Yale Materials Handling in the 4th quarter valued at $76,000. US Bancorp DE lifted its position in Hyster-Yale Materials Handling by 29.1% during the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock worth $88,000 after buying an additional 389 shares in the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of Hyster-Yale Materials Handling by 164.5% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company’s stock worth $125,000 after buying an additional 1,535 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Hyster-Yale Materials Handling by 17.4% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock valued at $154,000 after acquiring an additional 448 shares in the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Thursday.

Hyster-Yale Materials Handling Stock Performance

Shares of HY opened at $39.80 on Friday. The company has a market cap of $704.34 million, a PE ratio of 4.47 and a beta of 1.49. The firm has a 50-day moving average of $40.93 and a 200-day moving average of $49.51. Hyster-Yale Materials Handling, Inc. has a one year low of $34.13 and a one year 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.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The firm had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. As a group, equities analysts forecast that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a dividend of $0.35 per share. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 3.52%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 24.96%.

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.