Inspire Investing LLC Boosts Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Inspire Investing LLC raised its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 86.8% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,299 shares of the industrial products company’s stock after acquiring an additional 9,432 shares during the period. Inspire Investing LLC owned approximately 0.12% of Hyster-Yale Materials Handling worth $1,294,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of HY. Mirae Asset Global Investments Co. Ltd. raised its position in Hyster-Yale Materials Handling by 29.6% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 287,698 shares of the industrial products company’s stock valued at $18,462,000 after purchasing an additional 65,708 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Hyster-Yale Materials Handling by 296.7% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 24,397 shares of the industrial products company’s stock valued at $1,566,000 after buying an additional 18,247 shares in the last quarter. Swedbank AB purchased a new stake in Hyster-Yale Materials Handling in the first quarter worth approximately $5,519,000. Acadian Asset Management LLC boosted its stake in Hyster-Yale Materials Handling by 77.2% in the first quarter. Acadian Asset Management LLC now owns 134,959 shares of the industrial products company’s stock worth $8,656,000 after buying an additional 58,814 shares in the last quarter. Finally, Sei Investments Co. grew its position in Hyster-Yale Materials Handling by 24.8% during the second quarter. Sei Investments Co. now owns 44,166 shares of the industrial products company’s stock valued at $3,080,000 after acquiring an additional 8,764 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

HY has been the subject of a number of research reports. Northland Capmk cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. StockNews.com upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Tuesday, September 24th. Finally, Roth Mkm reissued a “buy” rating and issued a $84.00 target price (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Hyster-Yale Materials Handling Trading Up 4.1 %

NYSE:HY opened at $68.77 on Monday. The firm has a market capitalization of $1.20 billion, a P/E ratio of 7.97 and a beta of 1.31. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The company has a fifty day moving average of $61.63 and a 200 day moving average of $66.65. Hyster-Yale Materials Handling, Inc. has a 52 week low of $38.50 and a 52 week high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, beating the consensus estimate of $2.28 by $1.30. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. Hyster-Yale Materials Handling had a net margin of 4.13% and a return on equity of 44.49%. During the same period in the prior year, the firm posted $2.21 earnings per share. On average, research analysts predict that Hyster-Yale Materials Handling, Inc. will post 9.69 earnings per share for the current year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.04%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 16.22%.

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.