Hyster-Yale Materials Handling (NYSE:HY) Shares Pass Above Two Hundred Day Moving Average of $65.93

Hyster-Yale Materials Handling, Inc. (NYSE:HY) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $65.93 and traded as high as $67.82. Hyster-Yale Materials Handling shares last traded at $67.68, with a volume of 29,204 shares.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Northland Capmk upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, June 5th. 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 on the stock in a research note on Wednesday, June 5th. Finally, Roth Mkm reiterated a “buy” rating and issued a $87.00 target price on shares of Hyster-Yale Materials Handling in a research note on Friday, June 7th. Three analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $88.50.

Hyster-Yale Materials Handling Trading Up 1.0 %

The company has a market cap of $1.18 billion, a P/E ratio of 7.84 and a beta of 1.35. The stock’s 50-day moving average is $70.58 and its two-hundred day moving average is $65.93. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.25 and a quick ratio of 0.56.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, May 7th. The industrial products company reported $2.93 earnings per share for the quarter, beating analysts’ consensus estimates of $2.14 by $0.79. The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.03 billion. Hyster-Yale Materials Handling had a net margin of 3.61% and a return on equity of 42.94%. As a group, equities research analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.3 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 14th. Investors of record on Friday, May 31st were given a dividend of $0.35 per share. This is an increase from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33. The ex-dividend date was Friday, May 31st. This represents a $1.40 dividend on an annualized basis and a yield of 2.07%. Hyster-Yale Materials Handling’s dividend payout ratio is 16.22%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Quadrature Capital Ltd raised its position in Hyster-Yale Materials Handling by 78.1% in the third quarter. Quadrature Capital Ltd now owns 17,156 shares of the industrial products company’s stock worth $766,000 after acquiring an additional 7,523 shares during the period. Vanguard Group Inc. raised its position in Hyster-Yale Materials Handling by 1.4% in the third quarter. Vanguard Group Inc. now owns 945,578 shares of the industrial products company’s stock worth $42,154,000 after acquiring an additional 12,747 shares during the period. SG Americas Securities LLC bought a new position in Hyster-Yale Materials Handling in the fourth quarter worth approximately $151,000. Assenagon Asset Management S.A. increased its stake in shares of Hyster-Yale Materials Handling by 86.2% in 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 purchasing an additional 57,758 shares in the last quarter. Finally, Dumont & Blake Investment Advisors LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the fourth quarter worth $263,000. Institutional investors own 46.47% of the company’s stock.

About Hyster-Yale Materials Handling

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.