Inspire Investing LLC Acquires Shares of 10,867 Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Inspire Investing LLC acquired a new stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 10,867 shares of the industrial products company’s stock, valued at approximately $758,000. Inspire Investing LLC owned about 0.06% of Hyster-Yale Materials Handling at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in HY. Charles Schwab Investment Management Inc. boosted its stake in Hyster-Yale Materials Handling by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,889 shares of the industrial products company’s stock valued at $5,341,000 after acquiring an additional 3,153 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Hyster-Yale Materials Handling by 39.1% during the 4th quarter. BNP Paribas Financial Markets now owns 19,159 shares of the industrial products company’s stock valued at $1,191,000 after acquiring an additional 5,386 shares during the last quarter. Janney Montgomery Scott LLC boosted its stake in Hyster-Yale Materials Handling by 19.5% during the 4th quarter. Janney Montgomery Scott LLC now owns 7,675 shares of the industrial products company’s stock valued at $477,000 after acquiring an additional 1,250 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Hyster-Yale Materials Handling during the 4th quarter valued at $397,000. Finally, Trexquant Investment LP bought a new position in Hyster-Yale Materials Handling during the 4th quarter valued at $359,000. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling Stock Down 1.1 %

HY stock opened at $61.75 on Friday. The company has a quick ratio of 0.63, a current ratio of 1.31 and a debt-to-equity ratio of 0.53. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $38.50 and a fifty-two week high of $84.44. The firm’s 50-day simple moving average is $65.19 and its 200 day simple moving average is $66.07. The stock has a market cap of $1.08 billion, a PE ratio of 7.16 and a beta of 1.31.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $1.17 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter last year, the company earned $2.21 EPS. As a group, sell-side analysts predict that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current year.

Hyster-Yale Materials Handling Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were issued a $0.35 dividend. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 2.27%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 16.22%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on HY. 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 research report on Wednesday, June 5th. StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Northland Capmk downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Roth Mkm restated a “buy” rating and issued a $84.00 price target (down from $87.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Hyster-Yale Materials Handling Profile

Hyster-Yale Materials Handling, 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.