Victory Capital Management Inc. Acquires 4,947 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Victory Capital Management Inc. grew its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 81.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 11,018 shares of the industrial products company’s stock after acquiring an additional 4,947 shares during the period. Victory Capital Management Inc.’s holdings in Hyster-Yale Materials Handling were worth $561,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. Pinpoint Asset Management Ltd bought a new position in Hyster-Yale Materials Handling during the 3rd quarter worth approximately $32,000. US Bancorp DE lifted its holdings in Hyster-Yale Materials Handling by 29.1% in 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 period. Quest Partners LLC lifted its holdings in Hyster-Yale Materials Handling by 189.0% in the 3rd quarter. Quest Partners LLC now owns 2,552 shares of the industrial products company’s stock worth $163,000 after buying an additional 1,669 shares during the period. Massachusetts Financial Services Co. MA purchased a new position in shares of Hyster-Yale Materials Handling in the 3rd quarter valued at approximately $231,000. Finally, Bailard Inc. lifted its stake in shares of Hyster-Yale Materials Handling by 15.9% in the 4th quarter. Bailard Inc. now owns 5,100 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 700 shares during the period. 46.47% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Hyster-Yale Materials Handling Stock Down 3.4 %

Shares of NYSE:HY opened at $44.74 on Friday. The stock has a fifty day simple moving average of $50.53 and a two-hundred day simple moving average of $55.43. The stock has a market capitalization of $791.68 million, a price-to-earnings ratio of 5.02 and a beta of 1.27. Hyster-Yale Materials Handling, Inc. has a 12-month low of $42.59 and a 12-month 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date was Friday, February 28th. Hyster-Yale Materials Handling’s payout ratio is 17.37%.

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.