Charles Schwab Investment Management Inc. Has $5.76 Million Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Charles Schwab Investment Management Inc. lessened its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 113,012 shares of the industrial products company’s stock after selling 2,147 shares during the period. Charles Schwab Investment Management Inc. owned about 0.65% of Hyster-Yale Materials Handling worth $5,756,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Bailard Inc. lifted its holdings in shares of Hyster-Yale Materials Handling by 15.9% in the fourth quarter. Bailard Inc. now owns 5,100 shares of the industrial products company’s stock valued at $260,000 after purchasing an additional 700 shares in the last quarter. US Bancorp DE raised its position in Hyster-Yale Materials Handling by 29.1% during the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock valued at $88,000 after buying an additional 389 shares during the period. A&I Financial Services LLC purchased a new stake in Hyster-Yale Materials Handling in the 4th quarter worth about $492,000. Bank of New York Mellon Corp lifted its stake in Hyster-Yale Materials Handling by 2.3% in the 4th quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company’s stock worth $5,562,000 after acquiring an additional 2,446 shares in the last quarter. Finally, Hussman Strategic Advisors Inc. acquired a new stake in Hyster-Yale Materials Handling during the 4th quarter worth about $321,000. 46.47% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Hyster-Yale Materials Handling Trading Up 1.3 %

Hyster-Yale Materials Handling stock opened at $45.14 on Tuesday. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a 12 month low of $42.59 and a 12 month high of $84.44. The company’s fifty day simple moving average is $50.40 and its 200-day simple moving average is $55.27. The stock has a market cap of $798.84 million, a P/E ratio of 5.07 and a beta of 1.27.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s payout ratio is currently 17.37%.

About Hyster-Yale Materials Handling

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.