American Century Companies Inc. Buys 90,696 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

American Century Companies Inc. raised its stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 149.8% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 151,241 shares of the industrial products company’s stock after purchasing an additional 90,696 shares during the quarter. American Century Companies Inc. owned approximately 0.86% of Hyster-Yale Materials Handling worth $10,546,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Chesapeake Capital Corp IL bought a new position in Hyster-Yale Materials Handling during the second quarter worth $359,000. Ashton Thomas Private Wealth LLC bought a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth about $194,000. Quest Partners LLC grew its stake in Hyster-Yale Materials Handling by 6,692.3% in the 2nd quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock valued at $62,000 after buying an additional 870 shares during the last quarter. Acadian Asset Management LLC raised its holdings in Hyster-Yale Materials Handling by 63.7% in the 2nd quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company’s stock valued at $15,390,000 after acquiring an additional 85,906 shares during the period. Finally, Foundry Partners LLC acquired a new stake in Hyster-Yale Materials Handling during the second quarter worth approximately $5,046,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently commented on HY. Roth Mkm reaffirmed a “buy” rating and issued a $84.00 target price (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, August 8th. Northland Securities upgraded Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Wednesday, June 5th. StockNews.com downgraded Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Tuesday, September 10th. Finally, Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Hyster-Yale Materials Handling presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Hyster-Yale Materials Handling Price Performance

Hyster-Yale Materials Handling stock opened at $61.80 on Monday. The stock’s fifty day moving average price is $65.19 and its two-hundred day moving average price is $66.18. The firm has a market cap of $1.08 billion, a PE ratio of 7.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $1.30. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same quarter in the previous year, the firm earned $2.21 earnings per share. As a group, research analysts expect that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current fiscal year.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 annualized dividend and a yield of 2.27%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 16.22%.

Hyster-Yale Materials Handling Company 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.