Dimensional Fund Advisors LP Decreases Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Dimensional Fund Advisors LP reduced its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 504,472 shares of the industrial products company’s stock after selling 5,868 shares during the quarter. Dimensional Fund Advisors LP owned about 2.88% of Hyster-Yale Materials Handling worth $35,177,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in HY. Mirae Asset Global Investments Co. Ltd. grew its position in Hyster-Yale Materials Handling by 29.6% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 287,698 shares of the industrial products company’s stock worth $18,462,000 after purchasing an additional 65,708 shares during the last quarter. Acadian Asset Management LLC lifted its stake in shares of Hyster-Yale Materials Handling by 63.7% during the second quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company’s stock worth $15,390,000 after buying an additional 85,906 shares during the period. American Century Companies Inc. grew its holdings in shares of Hyster-Yale Materials Handling by 149.8% during the second quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company’s stock valued at $10,546,000 after buying an additional 90,696 shares during the last quarter. Jacobs Levy Equity Management Inc. increased its position in shares of Hyster-Yale Materials Handling by 298.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 132,136 shares of the industrial products company’s stock valued at $8,479,000 after acquiring an additional 98,996 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in Hyster-Yale Materials Handling by 2.3% in the 2nd quarter. Bank of New York Mellon Corp now owns 115,550 shares of the industrial products company’s stock worth $8,057,000 after acquiring an additional 2,619 shares during the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on HY. Northland Capmk lowered Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, August 7th. Northland Securities upgraded 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 report on Wednesday, June 5th. Roth Mkm restated a “buy” rating and set a $84.00 price objective (down from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. Finally, StockNews.com raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. One analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Hyster-Yale Materials Handling presently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Hyster-Yale Materials Handling Stock Down 1.7 %

Hyster-Yale Materials Handling stock opened at $62.70 on Wednesday. The business’s 50-day moving average price is $63.92 and its 200 day moving average price is $66.37. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 7.27 and a beta of 1.31. Hyster-Yale Materials Handling, Inc. has a 52 week low of $38.50 and a 52 week high of $84.44.

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

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.23%. The ex-dividend date of this dividend was Friday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 16.22%.

Hyster-Yale Materials Handling 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.