ExodusPoint Capital Management LP Invests $314,000 in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

ExodusPoint Capital Management LP acquired a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 6,161 shares of the industrial products company’s stock, valued at approximately $314,000.

A number of other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. lifted its holdings in Hyster-Yale Materials Handling by 165.5% during the 4th quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company’s stock worth $3,220,000 after buying an additional 39,415 shares during the period. American Century Companies Inc. boosted its holdings in Hyster-Yale Materials Handling by 15.8% in the fourth quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock valued at $14,002,000 after acquiring an additional 37,432 shares during the last quarter. Empowered Funds LLC bought a new position in Hyster-Yale Materials Handling during the 4th quarter worth approximately $1,243,000. A&I Financial Services LLC acquired a new position in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $492,000. Finally, Principal Financial Group Inc. bought a new stake in shares of Hyster-Yale Materials Handling in the 3rd quarter valued at $582,000. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling Stock Performance

NYSE:HY opened at $37.96 on Monday. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a twelve month low of $34.13 and a twelve month high of $84.44. The company has a fifty day moving average of $46.05 and a 200-day moving average of $53.05. The firm has a market capitalization of $671.78 million, a P/E ratio of 4.26 and a beta of 1.32.

Hyster-Yale Materials Handling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders 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 annualized dividend and a dividend yield of 3.69%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 17.37%.

Analysts Set New Price Targets

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

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.