Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. lowered its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 11.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 105,281 shares of the industrial products company’s stock after selling 13,801 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Hyster-Yale Materials Handling were worth $5,362,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Meeder Asset Management Inc. raised its stake in shares of Hyster-Yale Materials Handling by 421.8% during the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock worth $38,000 after buying an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Hyster-Yale Materials Handling during the 4th quarter worth $76,000. US Bancorp DE raised its stake in shares of 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 during the last quarter. CANADA LIFE ASSURANCE Co raised 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 raised its stake in shares of Hyster-Yale Materials Handling by 17.4% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock worth $154,000 after buying an additional 448 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Trading Down 0.5%

Hyster-Yale Materials Handling stock opened at $43.09 on Thursday. The stock has a market cap of $762.56 million, a PE ratio of 4.84 and a beta of 1.49. The stock has a 50-day moving average price of $40.85 and a 200 day moving average price of $49.10. Hyster-Yale Materials Handling, Inc. has a 52 week low of $34.13 and a 52 week 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 posted its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The firm had revenue of $910.40 million during the quarter, compared to analysts’ expectations of $947.80 million. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. Equities research analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be issued a $0.36 dividend. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 30th. This represents a $1.44 annualized dividend and a yield of 3.34%. Hyster-Yale Materials Handling’s payout ratio is 24.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th.

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.