Hyster-Yale Materials Handling (NYSE:HY) Now Covered by Analysts at StockNews.com

Financial News Live · Mar 18, 2023 01:01

StockNews.com initiated coverage on shares of Hyster-Yale Materials Handling (NYSE:HY – Get Rating) in a research report released on Thursday morning. The firm issued a strong-buy rating on the industrial products company's stock.

Separately, EF Hutton Acquisition Co. I reissued a buy rating and issued a $75.00 target price on shares of Hyster-Yale Materials Handling in a report on Wednesday, March 1st.

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Hyster-Yale Materials Handling Price Performance

Shares of HY stock traded down $1.63 on Thursday, reaching $43.11. The company's stock had a trading volume of 44,446 shares, compared to its average volume of 75,819. The stock's fifty day simple moving average is $34.81 and its 200-day simple moving average is $30.22. Hyster-Yale Materials Handling has a 1 year low of $20.99 and a 1 year high of $48.80. The company has a current ratio of 1.09, a quick ratio of 0.49 and a debt-to-equity ratio of 1.27.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Investors of record on Wednesday, March 1st were issued a $0.322 dividend. This represents a $1.29 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date was Tuesday, February 28th. Hyster-Yale Materials Handling's dividend payout ratio (DPR) is presently -29.38%.

Insider Activity at Hyster-Yale Materials Handling

In other Hyster-Yale Materials Handling news, insider Martha S. Kelly sold 1,500 shares of Hyster-Yale Materials Handling stock in a transaction on Friday, March 3rd. The shares were sold at an average price of $45.72, for a total transaction of $68,580.00. Following the completion of the transaction, the insider now directly owns 8,500 shares of the company's stock, valued at $388,620. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 18.05% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Gamco Investors INC. ET AL boosted its stake in shares of Hyster-Yale Materials Handling by 5.7% during the third 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 purchasing an additional 57,512 shares during the period. Altshuler Shaham Ltd purchased a new stake in shares of Hyster-Yale Materials Handling during the third quarter valued at $41,000. Gabelli Funds LLC boosted its stake in shares of Hyster-Yale Materials Handling by 11.9% during the third quarter. Gabelli Funds LLC now owns 44,200 shares of the industrial products company's stock valued at $951,000 after purchasing an additional 4,700 shares during the period. Hunter Associates Investment Management LLC boosted its stake in shares of Hyster-Yale Materials Handling by 6.7% during the third quarter. Hunter Associates Investment Management LLC now owns 57,450 shares of the industrial products company's stock valued at $1,233,000 after purchasing an additional 3,600 shares during the period. Finally, Barclays PLC boosted its stake in shares of Hyster-Yale Materials Handling by 28.8% during the third quarter. Barclays PLC now owns 3,717 shares of the industrial products company's stock valued at $80,000 after purchasing an additional 832 shares during the period. 42.57% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Company Profile

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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.