Barclays PLC Purchases 4,226 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Barclays PLC raised its position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 19.0% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 26,492 shares of the industrial products company’s stock after purchasing an additional 4,226 shares during the quarter. Barclays PLC owned 0.15% of Hyster-Yale Materials Handling worth $1,690,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Covestor Ltd lifted its stake in shares of Hyster-Yale Materials Handling by 21,350.0% during the 3rd quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock valued at $27,000 after buying an additional 427 shares in the last quarter. Pinpoint Asset Management Ltd bought a new stake in Hyster-Yale Materials Handling in the 3rd quarter worth approximately $32,000. Quest Partners LLC increased 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 worth $62,000 after acquiring an additional 870 shares during the last quarter. Itau Unibanco Holding S.A. bought a new position in shares of Hyster-Yale Materials Handling during the 2nd quarter valued at approximately $67,000. Finally, Massachusetts Financial Services Co. MA bought a new position in Hyster-Yale Materials Handling during the third quarter valued at $231,000. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling Trading Down 1.1 %

Shares of HY opened at $49.69 on Friday. Hyster-Yale Materials Handling, Inc. has a twelve month low of $48.73 and a twelve month high of $84.44. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The company’s fifty day simple moving average is $53.55 and its 200-day simple moving average is $61.28. The company has a market cap of $869.97 million, a P/E ratio of 5.58 and a beta of 1.27.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by ($1.00). The firm had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. During the same period in the previous year, the business earned $2.06 EPS. As a group, analysts expect that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 13th. Shareholders of record on Friday, November 29th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.82%. The ex-dividend date of this dividend was Friday, November 29th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 15.71%.

Hyster-Yale Materials Handling announced that its Board of Directors has initiated a share buyback plan on Monday, November 18th that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the industrial products company to purchase up to 5.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its shares are undervalued.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HY shares. StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Roth Mkm reduced their price objective on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a research note on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $80.00.

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.