Hyster-Yale Materials Handling, Inc. (NYSE:HY) Position Lifted by Foundry Partners LLC

Foundry Partners LLC raised its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 6.3% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 78,185 shares of the industrial products company’s stock after purchasing an additional 4,660 shares during the period. Foundry Partners LLC owned 0.45% of Hyster-Yale Materials Handling worth $3,982,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of the stock. Meeder Asset Management Inc. lifted its stake in Hyster-Yale Materials Handling by 421.8% during the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Hyster-Yale Materials Handling in the 4th quarter worth about $76,000. US Bancorp DE boosted its holdings in shares of Hyster-Yale Materials Handling by 29.1% in the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock valued at $88,000 after buying an additional 389 shares during the period. Quantbot Technologies LP grew its position in shares of Hyster-Yale Materials Handling by 1,613.2% during the 4th quarter. Quantbot Technologies LP now owns 3,238 shares of the industrial products company’s stock valued at $165,000 after buying an additional 3,049 shares during the last quarter. Finally, Amundi grew its position in shares of Hyster-Yale Materials Handling by 111.6% during the 4th quarter. Amundi now owns 4,400 shares of the industrial products company’s stock valued at $221,000 after buying an additional 2,321 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Stock Performance

HY stock opened at $36.90 on Friday. Hyster-Yale Materials Handling, Inc. has a 1 year low of $34.92 and a 1 year high of $84.44. The stock has a market capitalization of $652.93 million, a price-to-earnings ratio of 4.14 and a beta of 1.32. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The stock’s fifty day moving average is $48.27 and its two-hundred day moving average is $54.27.

Hyster-Yale Materials Handling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 3.79%. Hyster-Yale Materials Handling’s dividend payout ratio is presently 17.37%.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note 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.