Fisher Asset Management LLC Sells 1,282 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Fisher Asset Management LLC lowered its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 3.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 40,175 shares of the industrial products company’s stock after selling 1,282 shares during the quarter. Fisher Asset Management LLC owned 0.23% of Hyster-Yale Materials Handling worth $2,498,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in HY. FMR LLC increased its stake in Hyster-Yale Materials Handling by 60.6% in the third quarter. FMR LLC now owns 589,093 shares of the industrial products company’s stock valued at $26,262,000 after acquiring an additional 222,340 shares during the period. Quadrature Capital Ltd grew its stake in Hyster-Yale Materials Handling by 78.1% during the third quarter. Quadrature Capital Ltd now owns 17,156 shares of the industrial products company’s stock worth $766,000 after buying an additional 7,523 shares during the last quarter. Vanguard Group Inc. grew its stake in Hyster-Yale Materials Handling by 1.4% during the third quarter. Vanguard Group Inc. now owns 945,578 shares of the industrial products company’s stock worth $42,154,000 after buying an additional 12,747 shares during the last quarter. SG Americas Securities LLC bought a new stake in Hyster-Yale Materials Handling during the fourth quarter worth about $151,000. Finally, Assenagon Asset Management S.A. grew its stake in Hyster-Yale Materials Handling by 86.2% during the fourth quarter. Assenagon Asset Management S.A. now owns 124,733 shares of the industrial products company’s stock worth $7,757,000 after buying an additional 57,758 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. StockNews.com cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, February 28th. TheStreet cut shares of Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research note on Monday, March 4th. Roth Mkm reaffirmed a “buy” rating and set a $87.00 price objective on shares of Hyster-Yale Materials Handling in a research note on Friday, June 7th. Northland Securities raised shares of Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price target on the stock in a research note on Wednesday, June 5th. Finally, Northland Capmk raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 5th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Hyster-Yale Materials Handling has a consensus rating of “Buy” and an average target price of $88.50.

Hyster-Yale Materials Handling Price Performance

HY opened at $70.68 on Friday. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $79.66. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.25 and a quick ratio of 0.56. The company’s 50 day simple moving average is $69.20 and its 200-day simple moving average is $64.94. The stock has a market capitalization of $1.24 billion, a P/E ratio of 8.19 and a beta of 1.42.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $2.93 earnings per share for the quarter, beating the consensus estimate of $2.14 by $0.79. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. The business had revenue of $1.06 billion for the quarter, compared to analyst estimates of $1.03 billion. Sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 7.68 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were issued a $0.35 dividend. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33. This represents a $1.40 annualized dividend and a yield of 1.98%. The ex-dividend date was Friday, May 31st. Hyster-Yale Materials Handling’s dividend payout ratio is currently 16.22%.

Hyster-Yale Materials Handling Profile

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.