Mitsubishi UFJ Asset Management Co. Ltd. Has $960,000 Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 11.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,850 shares of the industrial products company’s stock after purchasing an additional 1,966 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.11% of Hyster-Yale Materials Handling worth $960,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. American Century Companies Inc. raised its holdings in shares of Hyster-Yale Materials Handling by 15.8% during the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock worth $14,002,000 after buying an additional 37,432 shares in the last quarter. Empowered Funds LLC acquired a new position in Hyster-Yale Materials Handling during the fourth quarter worth about $1,243,000. Zacks Investment Management lifted its holdings in shares of Hyster-Yale Materials Handling by 117.9% in 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 boosted its stake in shares of Hyster-Yale Materials Handling by 31.9% in the 3rd quarter. FMR LLC now owns 51,280 shares of the industrial products company’s stock valued at $3,270,000 after purchasing an additional 12,390 shares in the last quarter. Finally, A&I Financial Services LLC bought a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter valued at approximately $492,000. 46.47% of the stock is currently owned by institutional investors and hedge funds.

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 research report on Friday, March 7th.

Hyster-Yale Materials Handling Stock Performance

Hyster-Yale Materials Handling stock opened at $42.00 on Thursday. The business has a 50 day moving average of $48.93 and a 200-day moving average of $54.55. The company has a market capitalization of $743.27 million, a P/E ratio of 4.71 and a beta of 1.27. Hyster-Yale Materials Handling, Inc. has a 1 year low of $40.49 and a 1 year high of $84.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s payout ratio is currently 17.37%.

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.