Shufro Rose & Co. LLC Purchases New Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Shufro Rose & Co. LLC purchased a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the fourth quarter, HoldingsChannel reports. The firm purchased 9,000 shares of the industrial products company’s stock, valued at approximately $458,000.

A number of other hedge funds and other institutional investors have also modified their holdings of HY. Point72 Asia Singapore Pte. Ltd. bought a new position in Hyster-Yale Materials Handling in the fourth quarter valued at approximately $27,000. Meeder Asset Management Inc. boosted its stake in Hyster-Yale Materials Handling by 421.8% in the fourth quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock valued at $38,000 after acquiring an additional 599 shares during the last quarter. KLP Kapitalforvaltning AS bought a new position in Hyster-Yale Materials Handling in the fourth quarter valued at approximately $76,000. US Bancorp DE boosted its stake in Hyster-Yale Materials Handling by 29.1% in the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock valued at $88,000 after acquiring an additional 389 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in Hyster-Yale Materials Handling by 164.5% in the fourth quarter. CANADA LIFE ASSURANCE Co now owns 2,468 shares of the industrial products company’s stock valued at $125,000 after acquiring an additional 1,535 shares during the last quarter. Institutional investors and hedge funds own 46.47% of the company’s stock.

Analyst Ratings Changes

Separately, Wall Street Zen cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Thursday, May 8th.

Hyster-Yale Materials Handling Trading Down 2.3%

Shares of NYSE HY opened at $39.60 on Monday. The company’s fifty day moving average is $40.35 and its 200-day moving average is $47.95. The stock has a market cap of $701.24 million, a price-to-earnings ratio of 4.44 and a beta of 1.49. Hyster-Yale Materials Handling, Inc. has a twelve month low of $34.13 and a twelve month high of $84.44. 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 (NYSE:HY) last announced its quarterly earnings results on Tuesday, May 6th. The industrial products company reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.02. The company had revenue of $910.40 million for the quarter, compared to analysts’ expectations of $947.80 million. Hyster-Yale Materials Handling had a net margin of 3.68% and a return on equity of 34.77%. Equities research analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Materials Handling Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 13th. Stockholders of record on Friday, May 30th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.64%. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.35. The ex-dividend date of this dividend is Friday, May 30th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 25.67%.

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.