Hyster-Yale Materials Handling (NYSE:HY) Rating Increased to Buy at StockNews.com

StockNews.com upgraded shares of Hyster-Yale Materials Handling (NYSE:HY) from a hold rating to a buy rating in a research report report published on Monday.

Hyster-Yale Materials Handling Trading Down 2.4 %

Shares of HY stock opened at $38.60 on Monday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The firm has a market cap of $683.10 million, a PE ratio of 4.33 and a beta of 1.32. The company has a 50-day moving average of $42.88 and a two-hundred day moving average of $51.00. Hyster-Yale Materials Handling has a 1-year low of $34.13 and a 1-year high of $84.44.

Hyster-Yale Materials Handling Announces Dividend

The business also recently announced 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 annualized dividend and a yield of 3.63%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 17.37%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of HY. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at approximately $27,000. Mattson Financial Services LLC purchased a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at approximately $36,000. Meeder Asset Management Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 421.8% in the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock valued at $38,000 after purchasing an additional 599 shares during the period. KLP Kapitalforvaltning AS purchased a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at approximately $76,000. Finally, US Bancorp DE boosted its stake in shares of Hyster-Yale Materials Handling by 29.1% in the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock valued at $88,000 after purchasing an additional 389 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

About Hyster-Yale Materials Handling

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.