Itau Unibanco Holding S.A. Makes New Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Itau Unibanco Holding S.A. purchased a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 962 shares of the industrial products company’s stock, valued at approximately $67,000.

Other large investors have also recently added to or reduced their stakes in the company. EntryPoint Capital LLC bought a new stake in Hyster-Yale Materials Handling in the first quarter valued at approximately $27,000. Quest Partners LLC boosted its holdings in shares of Hyster-Yale Materials Handling by 6,692.3% during the 2nd quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock worth $62,000 after buying an additional 870 shares during the period. DekaBank Deutsche Girozentrale grew its stake in Hyster-Yale Materials Handling by 67.8% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock valued at $83,000 after buying an additional 548 shares during the last quarter. Central Pacific Bank Trust Division bought a new position in Hyster-Yale Materials Handling in the 1st quarter valued at about $190,000. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in Hyster-Yale Materials Handling during the second quarter worth approximately $194,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Ratings Changes

HY has been the topic of a number of recent research reports. Roth Mkm reiterated a “buy” rating and set a $84.00 target price (down previously from $87.00) on shares of Hyster-Yale Materials Handling in a research note on Thursday, August 8th. Northland Securities upgraded Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 price objective on the stock in a research report on Wednesday, June 5th. StockNews.com cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Tuesday, September 10th. Finally, Northland Capmk cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Hyster-Yale Materials Handling Price Performance

Hyster-Yale Materials Handling stock opened at $61.80 on Monday. The stock’s fifty day moving average price is $65.19 and its two-hundred day moving average price is $66.18. The firm has a market cap of $1.08 billion, a PE ratio of 7.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.53, a current ratio of 1.31 and a quick ratio of 0.63. Hyster-Yale Materials Handling, Inc. has a one year low of $38.50 and a one year high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, beating analysts’ consensus estimates of $2.28 by $1.30. The business had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.08 billion. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. During the same quarter in the previous year, the firm earned $2.21 earnings per share. As a group, research analysts expect that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current fiscal year.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Friday, August 30th were given a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, August 30th. This represents a $1.40 annualized dividend and a dividend yield of 2.27%. Hyster-Yale Materials Handling’s dividend payout ratio is 16.22%.

About Hyster-Yale Materials Handling

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.