Price T Rowe Associates Inc. MD lifted its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY - Free Report) by 296.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 24,397 shares of the industrial products company's stock after purchasing an additional 18,247 shares during the period. Price T Rowe Associates Inc. MD owned about 0.14% of Hyster-Yale Materials Handling worth $1,566,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in shares of Hyster-Yale Materials Handling during the first quarter valued at approximately $27,000. Gladius Capital Management LP bought a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter worth about $40,000. New York State Teachers Retirement System bought a new position in shares of Hyster-Yale Materials Handling in the fourth quarter valued at approximately $61,000. AJOVista LLC bought a new stake in Hyster-Yale Materials Handling during the fourth quarter worth approximately $71,000. Finally, SG Americas Securities LLC bought a new position in Hyster-Yale Materials Handling during the 4th quarter valued at $151,000. 46.47% of the stock is owned by institutional investors.
Hyster-Yale Materials Handling Stock Down 0.7 %
Shares of NYSE:HY traded down $0.40 during trading on Friday, reaching $60.10. 95,534 shares of the company traded hands, compared to its average volume of 100,797. Hyster-Yale Materials Handling, Inc. has a 1-year low of $38.50 and a 1-year high of $84.44. The company has a quick ratio of 0.56, a current ratio of 1.25 and a debt-to-equity ratio of 0.58. The firm has a market cap of $1.05 billion, a P/E ratio of 6.96 and a beta of 1.35. The firm has a fifty day simple moving average of $71.46 and a 200 day simple moving average of $67.54.
Hyster-Yale Materials Handling (NYSE:HY - Get Free Report) last posted its earnings results on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.28 by $1.30. The firm had revenue of $1.17 billion during the quarter, compared to analysts' expectations of $1.08 billion. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. During the same period in the previous year, the company earned $2.21 earnings per share. Analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.3 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
HY has been the subject of a number of research analyst reports. Roth Mkm reissued a "buy" rating and issued a $84.00 price target (down from $87.00) on shares of Hyster-Yale Materials Handling in a report on Thursday. Northland Securities upgraded shares of Hyster-Yale Materials Handling from a "market perform" rating to an "outperform" rating and set a $90.00 target price for the company in a report on Wednesday, June 5th. Finally, Northland Capmk lowered shares of Hyster-Yale Materials Handling from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. One investment analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, Hyster-Yale Materials Handling currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.00.
View Our Latest Stock Report on HY
About Hyster-Yale Materials Handling
(Free Report)
Hyster-Yale Materials Handling, 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.
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