Hyster-Yale Materials Handling Inc (HY) Chairman Purchases $113,723.20 in Stock

Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin purchased 1,808 shares of the business’s stock in a transaction on Tuesday, October 16th. The shares were acquired at an average cost of $62.90 per share, with a total value of $113,723.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

HY stock opened at $59.71 on Friday. The company has a current ratio of 1.51, a quick ratio of 0.87 and a debt-to-equity ratio of 0.34. The firm has a market cap of $1.01 billion, a price-to-earnings ratio of 20.86 and a beta of 1.17. Hyster-Yale Materials Handling Inc has a fifty-two week low of $56.40 and a fifty-two week high of $93.90.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data on Tuesday, July 31st. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.19). The firm had revenue of $765.60 million for the quarter, compared to the consensus estimate of $797.00 million. Hyster-Yale Materials Handling had a return on equity of 8.26% and a net margin of 1.14%. The firm’s quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.85 EPS.

HY has been the subject of several research reports. ValuEngine downgraded Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Thursday, September 27th. TheStreet downgraded Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a report on Friday, August 3rd. Finally, Zacks Investment Research raised Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, June 28th. Four research analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling currently has a consensus rating of “Hold” and a consensus price target of $66.00.

Hedge funds have recently bought and sold shares of the business. Global X Management Co LLC bought a new position in Hyster-Yale Materials Handling during the 2nd quarter worth $231,000. Raymond James & Associates bought a new position in Hyster-Yale Materials Handling during the 2nd quarter worth $237,000. Barclays PLC increased its position in Hyster-Yale Materials Handling by 40.5% during the 1st quarter. Barclays PLC now owns 3,772 shares of the industrial products company’s stock worth $263,000 after buying an additional 1,087 shares during the period. Tower Research Capital LLC TRC increased its position in Hyster-Yale Materials Handling by 1,184.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,405 shares of the industrial products company’s stock worth $283,000 after buying an additional 4,062 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new position in Hyster-Yale Materials Handling during the 1st quarter worth $287,000. Hedge funds and other institutional investors own 50.63% of the company’s stock.

About Hyster-Yale Materials Handling

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

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