Los Angeles Capital Management LLC Has $1.02 Million Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Los Angeles Capital Management LLC cut its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 8.7% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,045 shares of the industrial products company’s stock after selling 1,520 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Hyster-Yale Materials Handling were worth $1,023,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of HY. Jacobs Levy Equity Management Inc. lifted its stake in Hyster-Yale Materials Handling by 298.7% in the first quarter. Jacobs Levy Equity Management Inc. now owns 132,136 shares of the industrial products company’s stock valued at $8,479,000 after acquiring an additional 98,996 shares during the last quarter. American Century Companies Inc. grew its holdings in Hyster-Yale Materials Handling by 149.8% during the second quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company’s stock worth $10,546,000 after purchasing an additional 90,696 shares during the period. Swedbank AB acquired a new position in Hyster-Yale Materials Handling during the first quarter worth approximately $5,519,000. Acadian Asset Management LLC lifted its position in shares of Hyster-Yale Materials Handling by 63.7% in the second quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company’s stock valued at $15,390,000 after buying an additional 85,906 shares during the last quarter. Finally, Foundry Partners LLC bought a new position in shares of Hyster-Yale Materials Handling during the 2nd quarter worth approximately $5,046,000. Institutional investors own 46.47% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Roth Mkm cut their price target on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a report on Wednesday, November 6th. StockNews.com lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $80.00.

Hyster-Yale Materials Handling Trading Up 0.5 %

HY stock opened at $53.28 on Friday. Hyster-Yale Materials Handling, Inc. has a 52 week low of $46.25 and a 52 week high of $84.44. The company has a market capitalization of $932.40 million, a PE ratio of 5.98 and a beta of 1.32. The company’s 50-day simple moving average is $61.85 and its 200 day simple moving average is $66.53. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates of $1.97 by ($1.00). The business had revenue of $1.02 billion during the quarter, compared to analyst estimates of $1.06 billion. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. During the same quarter in the previous year, the firm posted $2.06 earnings per share. As a group, sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Investors of record on Friday, November 29th will be given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Friday, November 29th. Hyster-Yale Materials Handling’s payout ratio is currently 15.71%.

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.