Los Angeles Capital Management LLC Has $2.44 Million Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Los Angeles Capital Management LLC lowered its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 0.4% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 39,283 shares of the industrial products company’s stock after selling 170 shares during the quarter. Los Angeles Capital Management LLC owned about 0.23% of Hyster-Yale Materials Handling worth $2,443,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cornercap Investment Counsel Inc. lifted its position in shares of Hyster-Yale Materials Handling by 0.8% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 21,398 shares of the industrial products company’s stock worth $1,331,000 after purchasing an additional 163 shares during the last quarter. New York State Teachers Retirement System acquired a new position in shares of Hyster-Yale Materials Handling during the fourth quarter worth approximately $61,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its holdings in shares of Hyster-Yale Materials Handling by 4.6% during the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 26,603 shares of the industrial products company’s stock worth $1,186,000 after buying an additional 1,177 shares during the last quarter. Johnson Investment Counsel Inc. boosted its position in shares of Hyster-Yale Materials Handling by 4.6% in the third quarter. Johnson Investment Counsel Inc. now owns 45,298 shares of the industrial products company’s stock valued at $2,019,000 after acquiring an additional 2,000 shares during the period. Finally, Strs Ohio grew its stake in shares of Hyster-Yale Materials Handling by 17.1% in the third quarter. Strs Ohio now owns 13,700 shares of the industrial products company’s stock worth $610,000 after acquiring an additional 2,000 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HY shares. TheStreet lowered Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research note on Monday, March 4th. StockNews.com lowered Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th.

Hyster-Yale Materials Handling Stock Up 0.5 %

Shares of NYSE HY opened at $59.10 on Tuesday. Hyster-Yale Materials Handling, Inc. has a 12-month low of $38.50 and a 12-month high of $72.40. The firm’s 50-day simple moving average is $60.55 and its 200 day simple moving average is $58.24. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.62. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 8.15 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $1.02 billion. Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. On average, research analysts expect that Hyster-Yale Materials Handling, Inc. will post 7.06 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 1st were given a dividend of $0.325 per share. This represents a $1.30 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, February 29th. Hyster-Yale Materials Handling’s dividend payout ratio is 17.93%.

Insider Buying and Selling

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

About Hyster-Yale Materials Handling

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.