California Public Employees Retirement System Has $1.01 Million Stake in Hyster-Yale Materials Handling, Inc. (HY)

California Public Employees Retirement System increased its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 14.7% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,900 shares of the industrial products company’s stock after buying an additional 2,300 shares during the period. California Public Employees Retirement System owned approximately 0.11% of Hyster-Yale Materials Handling worth $1,009,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Hyster-Yale Materials Handling during the first quarter worth about $110,000. Comerica Bank bought a new stake in shares of Hyster-Yale Materials Handling during the first quarter worth about $205,000. American International Group Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 7.0% in the first quarter. American International Group Inc. now owns 5,802 shares of the industrial products company’s stock worth $327,000 after buying an additional 381 shares in the last quarter. Nine Chapters Capital Management LLC bought a new stake in shares of Hyster-Yale Materials Handling during the first quarter worth about $395,000. Finally, Bahl & Gaynor Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 12.8% in the first quarter. Bahl & Gaynor Inc. now owns 12,219 shares of the industrial products company’s stock worth $689,000 after buying an additional 1,385 shares in the last quarter. Institutional investors own 67.80% of the company’s stock.

Hyster-Yale Materials Handling, Inc. (HY) traded up 2.94% during midday trading on Friday, reaching $67.68. The company had a trading volume of 92,952 shares. The stock’s 50 day moving average is $69.95 and its 200 day moving average is $65.67. Hyster-Yale Materials Handling, Inc. has a 12-month low of $47.25 and a 12-month high of $76.48. The firm has a market capitalization of $1.11 billion, a price-to-earnings ratio of 18.91 and a beta of 1.05.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Friday, September 1st will be issued a dividend of $0.3025 per share. The ex-dividend date is Wednesday, August 30th. This represents a $1.21 dividend on an annualized basis and a yield of 1.79%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 33.80%.

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A number of brokerages have recently issued reports on HY. Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 price objective on the stock in a research note on Thursday, April 20th. They noted that the move was a valuation call. Zacks Investment Research cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Tuesday. Sidoti cut Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price objective on the stock. in a research note on Wednesday, June 7th. BidaskClub cut Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a research note on Saturday, July 8th. Finally, TheStreet upgraded Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research note on Friday, May 12th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Hyster-Yale Materials Handling presently has a consensus rating of “Hold” and an average target price of $74.75.

In related news, insider Cory Freyer sold 3,128 shares of Hyster-Yale Materials Handling stock in a transaction on Friday, June 9th. The stock was sold at an average price of $74.81, for a total transaction of $234,005.68. Following the sale, the insider now directly owns 8,000 shares in the company, valued at $598,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Frank F. Taplin sold 1,400 shares of Hyster-Yale Materials Handling stock in a transaction on Thursday, May 25th. The stock was sold at an average price of $73.93, for a total value of $103,502.00. The disclosure for this sale can be found here. Insiders have sold 5,778 shares of company stock worth $418,083 over the last quarter. 26.34% of the stock is currently owned by corporate insiders.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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