American Century Companies Inc. Grows Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

American Century Companies Inc. increased its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 15.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 274,924 shares of the industrial products company’s stock after purchasing an additional 37,432 shares during the quarter. American Century Companies Inc. owned approximately 1.57% of Hyster-Yale Materials Handling worth $14,002,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Empowered Funds LLC acquired a new stake in Hyster-Yale Materials Handling during the 4th quarter worth $1,243,000. Zacks Investment Management boosted its position in Hyster-Yale Materials Handling by 117.9% during the third quarter. Zacks Investment Management now owns 32,063 shares of the industrial products company’s stock worth $2,045,000 after acquiring an additional 17,347 shares during the last quarter. FMR LLC grew its stake in Hyster-Yale Materials Handling by 31.9% during the 3rd quarter. FMR LLC now owns 51,280 shares of the industrial products company’s stock valued at $3,270,000 after acquiring an additional 12,390 shares in the last quarter. Martingale Asset Management L P acquired a new stake in Hyster-Yale Materials Handling in the 3rd quarter valued at about $675,000. Finally, A&I Financial Services LLC purchased a new position in Hyster-Yale Materials Handling in the 4th quarter worth approximately $492,000. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hyster-Yale Materials Handling Price Performance

Hyster-Yale Materials Handling stock opened at $41.48 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The stock has a market cap of $733.98 million, a P/E ratio of 4.65 and a beta of 1.27. The company has a 50-day moving average price of $49.16 and a 200 day moving average price of $54.64. Hyster-Yale Materials Handling, Inc. has a 12-month low of $40.49 and a 12-month high of $84.44.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.38%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s payout ratio is presently 17.37%.

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.