New Amsterdam Partners LLC NY Purchases New Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

New Amsterdam Partners LLC NY purchased a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the second quarter, Holdings Channel reports. The fund purchased 62,660 shares of the industrial products company’s stock, valued at approximately $4,402,000.

A number of other large investors have also bought and sold shares of the stock. State Street Corp boosted its stake in Hyster-Yale Materials Handling by 2.5% in the fourth quarter. State Street Corp now owns 179,459 shares of the industrial products company’s stock worth $11,443,000 after buying an additional 4,408 shares during the period. Norges Bank acquired a new stake in Hyster-Yale Materials Handling during the fourth quarter worth $9,101,000. Teachers Advisors LLC boosted its stake in Hyster-Yale Materials Handling by 3.6% in the fourth quarter. Teachers Advisors LLC now owns 15,061 shares of the industrial products company’s stock worth $960,000 after buying an additional 526 shares during the period. First Trust Advisors LP boosted its stake in Hyster-Yale Materials Handling by 38.7% in the first quarter. First Trust Advisors LP now owns 29,262 shares of the industrial products company’s stock worth $1,650,000 after buying an additional 8,167 shares during the period. Finally, Bank of New York Mellon Corp boosted its stake in Hyster-Yale Materials Handling by 5.7% in the first quarter. Bank of New York Mellon Corp now owns 96,739 shares of the industrial products company’s stock worth $5,455,000 after buying an additional 5,196 shares during the period. Institutional investors and hedge funds own 67.80% of the company’s stock.

Hyster-Yale Materials Handling, Inc. (NYSE HY) opened at 67.68 on Friday. The company has a market cap of $1.11 billion, a PE ratio of 18.91 and a beta of 1.05. The firm’s 50-day moving average price is $69.95 and its 200 day moving average price is $65.67. Hyster-Yale Materials Handling, Inc. has a 52-week low of $47.25 and a 52-week high of $76.48.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Friday, September 1st will be given a $0.3025 dividend. This represents a $1.21 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend is Wednesday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 33.80%.

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HY has been the topic of a number of research analyst reports. Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating and set a $56.00 price target on the stock in a research note on Thursday, April 20th. They noted that the move was a valuation call. Robert W. Baird upgraded Hyster-Yale Materials Handling from a “neutral” rating to an “outperform” rating and increased their price target for the company from $62.00 to $84.00 in a research note on Tuesday, May 2nd. Zacks Investment Research cut Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. TheStreet upgraded Hyster-Yale Materials Handling from a “c+” rating to a “b-” rating in a research note on Friday, May 12th. Finally, Sidoti cut Hyster-Yale Materials Handling from a “buy” rating to a “neutral” rating and set a $82.00 price target on the stock. in a research note on Wednesday, June 7th. 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 stock. The stock currently has a consensus rating of “Hold” and an average target price of $74.75.

In other news, insider Cory Freyer sold 3,128 shares of the stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $74.81, for a total value of $234,005.68. Following the completion of the transaction, the insider now owns 8,000 shares of the company’s stock, valued at approximately $598,480. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Susan Sichel sold 1,250 shares of the stock in a transaction that occurred on Monday, August 7th. The stock was sold at an average price of $64.46, for a total value of $80,575.00. Following the completion of the transaction, the insider now directly owns 16,850 shares of the company’s stock, valued at approximately $1,086,151. The disclosure for this sale can be found here. Insiders sold a total of 5,778 shares of company stock valued at $418,083 in the last three months. Corporate insiders own 26.34% of the company’s stock.

About Hyster-Yale Materials Handling

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.

Want to see what other hedge funds are holding HY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hyster-Yale Materials Handling, Inc. (NYSE:HY).

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

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