Hyster-Yale Materials Handling (NYSE:HY) Sets New 1-Year Low – Here’s What Happened

Hyster-Yale Materials Handling, Inc. (NYSE:HY)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $36.48 and last traded at $36.88, with a volume of 19841 shares traded. The stock had previously closed at $42.04.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Friday, March 7th.

Hyster-Yale Materials Handling Stock Down 11.9 %

The stock has a market cap of $655.30 million, a P/E ratio of 4.15 and a beta of 1.27. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. The company has a 50-day simple moving average of $48.93 and a two-hundred day simple moving average of $54.55.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were issued 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 3.78%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 17.37%.

Hedge Funds Weigh In On Hyster-Yale Materials Handling

A number of hedge funds have recently modified their holdings of HY. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter worth about $27,000. Pinpoint Asset Management Ltd purchased a new stake in Hyster-Yale Materials Handling in the 3rd quarter worth approximately $32,000. Mattson Financial Services LLC bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $36,000. Meeder Asset Management Inc. raised its holdings in shares of Hyster-Yale Materials Handling by 421.8% during the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 599 shares in the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new stake in Hyster-Yale Materials Handling in the fourth quarter worth $76,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

About Hyster-Yale Materials Handling

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.