Price T Rowe Associates Inc. MD Lowers Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Price T Rowe Associates Inc. MD trimmed its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 63.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,935 shares of the industrial products company’s stock after selling 13,503 shares during the period. Price T Rowe Associates Inc. MD’s holdings in Hyster-Yale Materials Handling were worth $405,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in HY. Meeder Asset Management Inc. lifted its position 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 worth $38,000 after buying an additional 599 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter worth about $76,000. US Bancorp DE lifted its position 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 worth $88,000 after buying an additional 389 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in shares of Hyster-Yale Materials Handling by 164.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company’s stock worth $125,000 after buying an additional 1,535 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Hyster-Yale Materials Handling by 17.4% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,018 shares of the industrial products company’s stock worth $154,000 after buying an additional 448 shares in the last quarter. 46.47% of the stock is currently owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Trading Down 0.5%

Shares of HY stock opened at $43.09 on Thursday. Hyster-Yale Materials Handling, Inc. has a 1 year low of $34.13 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. The stock’s 50 day simple moving average is $40.85 and its two-hundred day simple moving average is $49.10. The company has a market cap of $762.56 million, a PE ratio of 4.84 and a beta of 1.49.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.02. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The business had revenue of $910.40 million for the quarter, compared to the consensus estimate of $947.80 million. Research analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 13th. Shareholders of record on Friday, May 30th will be paid a $0.36 dividend. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.35. The ex-dividend date is Friday, May 30th. This represents a $1.44 dividend on an annualized basis and a yield of 3.34%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 24.96%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Thursday, May 8th.

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.