Victory Capital Management Inc. Has $561,000 Stock Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Victory Capital Management Inc. raised its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 81.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,018 shares of the industrial products company’s stock after buying an additional 4,947 shares during the quarter. Victory Capital Management Inc. owned 0.06% of Hyster-Yale Materials Handling worth $561,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinpoint Asset Management Ltd acquired a new stake in shares of Hyster-Yale Materials Handling during the 3rd quarter worth $32,000. US Bancorp DE grew its holdings in shares of Hyster-Yale Materials Handling by 29.1% during the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 389 shares in the last quarter. Quest Partners LLC grew its holdings in shares of Hyster-Yale Materials Handling by 189.0% during the 3rd quarter. Quest Partners LLC now owns 2,552 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 1,669 shares in the last quarter. Massachusetts Financial Services Co. MA acquired a new stake in shares of Hyster-Yale Materials Handling during the 3rd quarter worth $231,000. Finally, Bailard Inc. grew its holdings in shares of Hyster-Yale Materials Handling by 15.9% during the 4th quarter. Bailard Inc. now owns 5,100 shares of the industrial products company’s stock worth $260,000 after purchasing an additional 700 shares in the last quarter. 46.47% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Hyster-Yale Materials Handling Trading Down 3.4 %

NYSE HY opened at $44.74 on Friday. The business has a 50 day simple moving average of $50.53 and a 200 day simple moving average of $55.43. Hyster-Yale Materials Handling, Inc. has a one year low of $42.59 and a one year high of $84.44. The stock has a market capitalization of $791.68 million, a P/E ratio of 5.02 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.35 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a yield of 3.13%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 17.37%.

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.