Hyster-Yale Materials Handling (NYSE:HY) Stock Passes Above 200 Day Moving Average of $54.61

Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $54.61 and traded as high as $62.95. Hyster-Yale Materials Handling shares last traded at $62.92, with a volume of 65,441 shares.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HY. StockNews.com lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 28th. Roth Mkm began coverage on shares of Hyster-Yale Materials Handling in a report on Tuesday, December 5th. They issued a “buy” rating and a $85.00 price target for the company. Finally, TheStreet lowered shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a report on Monday, March 4th.

Hyster-Yale Materials Handling Price Performance

The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.55 and a current ratio of 1.22. The business’s 50 day simple moving average is $64.40 and its 200-day simple moving average is $54.61. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 8.68 and a beta of 1.48.

Hyster-Yale Materials Handling (NYSE:HY) last posted its earnings results on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.46 by ($0.03). The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1.02 billion. Hyster-Yale Materials Handling had a net margin of 3.06% and a return on equity of 40.35%. Research analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 7.06 earnings per share for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 1st were paid a dividend of $0.325 per share. This represents a $1.30 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date was Thursday, February 29th. Hyster-Yale Materials Handling’s payout ratio is 17.93%.

Insider Buying and Selling at Hyster-Yale Materials Handling

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.65, for a total transaction of $293,250.00. Following the sale, the insider now directly owns 378,872 shares in the company, valued at approximately $22,220,842.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of the business’s stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $58.65, for a total transaction of $293,250.00. Following the sale, the insider now directly owns 378,872 shares in the company, valued at approximately $22,220,842.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank F. Taplin sold 11,720 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.10, for a total transaction of $680,932.00. Following the sale, the insider now owns 367,152 shares in the company, valued at $21,331,531.20. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by company insiders.

Institutional Trading of Hyster-Yale Materials Handling

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Advisor Group Holdings Inc. raised its holdings in shares of Hyster-Yale Materials Handling by 823.5% in the 1st quarter. Advisor Group Holdings Inc. now owns 785 shares of the industrial products company’s stock worth $26,000 after purchasing an additional 700 shares in the last quarter. Gladius Capital Management LP bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $40,000. Tower Research Capital LLC TRC raised its holdings in shares of Hyster-Yale Materials Handling by 190.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,004 shares of the industrial products company’s stock worth $43,000 after purchasing an additional 1,313 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Hyster-Yale Materials Handling by 31.0% in the 1st quarter. NewEdge Advisors LLC now owns 883 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 209 shares in the last quarter. Finally, Point72 Asset Management L.P. raised its holdings in shares of Hyster-Yale Materials Handling by 600.0% in the 4th quarter. Point72 Asset Management L.P. now owns 700 shares of the industrial products company’s stock worth $44,000 after purchasing an additional 600 shares in the last quarter. 46.47% of the stock is currently 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. 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.