Quantbot Technologies LP Grows Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Quantbot Technologies LP boosted its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1,613.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,238 shares of the industrial products company’s stock after buying an additional 3,049 shares during the quarter. Quantbot Technologies LP’s holdings in Hyster-Yale Materials Handling were worth $165,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Intech Investment Management LLC bought a new stake in shares of Hyster-Yale Materials Handling during the 4th quarter valued at about $276,000. Gallacher Capital Management LLC grew its holdings in Hyster-Yale Materials Handling by 12.5% during the fourth quarter. Gallacher Capital Management LLC now owns 7,978 shares of the industrial products company’s stock valued at $406,000 after purchasing an additional 885 shares during the period. Truvestments Capital LLC increased its position in Hyster-Yale Materials Handling by 9.8% in the fourth quarter. Truvestments Capital LLC now owns 41,132 shares of the industrial products company’s stock worth $2,095,000 after buying an additional 3,680 shares in the last quarter. Isthmus Partners LLC increased its stake in shares of Hyster-Yale Materials Handling by 0.5% in the fourth quarter. Isthmus Partners LLC now owns 47,184 shares of the industrial products company’s stock worth $2,403,000 after purchasing an additional 238 shares in the last quarter. Finally, Amundi boosted its holdings in Hyster-Yale Materials Handling by 111.6% in the 4th quarter. Amundi now owns 4,400 shares of the industrial products company’s stock worth $221,000 after buying an additional 2,321 shares during the period. 46.47% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Stock Performance

NYSE:HY opened at $41.91 on Monday. Hyster-Yale Materials Handling, Inc. has a 1 year low of $41.80 and a 1 year high of $84.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The stock’s 50 day simple moving average is $49.68 and its two-hundred day simple moving average is $54.89. The company has a market cap of $741.72 million, a price-to-earnings ratio of 4.70 and a beta of 1.27.

Hyster-Yale Materials Handling Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.35 dividend. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 3.34%. Hyster-Yale Materials Handling’s dividend payout ratio is currently 17.37%.

Analyst Ratings Changes

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

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.