EF Hutton Acquisition Co. I restated their buy rating on shares of Hyster-Yale Materials Handling (NYSE:HY – Get Rating) in a research report report published on Wednesday, Benzinga reports. The brokerage currently has a $75.00 price target on the industrial products company's stock.
Separately, StockNews.com upgraded shares of Hyster-Yale Materials Handling from a hold rating to a buy rating in a research report on Monday, November 14th.
Get Hyster-Yale Materials Handling alerts:Hyster-Yale Materials Handling Trading Up 7.9 %
Hyster-Yale Materials Handling stock opened at $47.76 on Wednesday. The company has a 50-day simple moving average of $31.28 and a 200-day simple moving average of $29.39. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.46 and a current ratio of 1.09. Hyster-Yale Materials Handling has a one year low of $20.99 and a one year high of $48.40.
Hyster-Yale Materials Handling Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 15th. Stockholders of record on Wednesday, March 1st will be given a dividend of $0.322 per share. The ex-dividend date is Tuesday, February 28th. This represents a $1.29 annualized dividend and a dividend yield of 2.70%. Hyster-Yale Materials Handling's dividend payout ratio is currently -29.38%.
Hedge Funds Weigh In On Hyster-Yale Materials Handling
Institutional investors and hedge funds have recently bought and sold shares of the stock. Isthmus Partners LLC grew its position in Hyster-Yale Materials Handling by 13.7% in the 2nd quarter. Isthmus Partners LLC now owns 32,274 shares of the industrial products company's stock valued at $1,040,000 after buying an additional 3,897 shares in the last quarter. Gamco Investors INC. ET AL grew its position in Hyster-Yale Materials Handling by 5.7% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,063,080 shares of the industrial products company's stock valued at $22,867,000 after buying an additional 57,512 shares in the last quarter. Altshuler Shaham Ltd bought a new position in Hyster-Yale Materials Handling in the 3rd quarter valued at about $41,000. Gladius Capital Management LP bought a new position in Hyster-Yale Materials Handling in the 2nd quarter valued at about $43,000. Finally, Gabelli Funds LLC grew its position in Hyster-Yale Materials Handling by 11.9% in the 3rd quarter. Gabelli Funds LLC now owns 44,200 shares of the industrial products company's stock valued at $951,000 after buying an additional 4,700 shares in the last quarter. Institutional investors own 42.57% of the company's stock.
About Hyster-Yale Materials Handling
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Hyster-Yale Materials Handling, Inc engages in the manufacture of lift trucks. The firm provides an array of solutions aimed at meeting the specific materials handling needs of its customers including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, and a variety of other power options for its lift trucks.
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