Fisher Asset Management LLC Decreases Position in Hyster-Yale Materials Handling, Inc. (HY)

Fisher Asset Management LLC reduced its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 61,048 shares of the industrial products company’s stock after selling 1,166 shares during the quarter. Fisher Asset Management LLC owned approximately 0.37% of Hyster-Yale Materials Handling worth $4,667,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. BNP Paribas Arbitrage SA boosted its holdings in shares of Hyster-Yale Materials Handling by 519.8% during the second quarter. BNP Paribas Arbitrage SA now owns 1,624 shares of the industrial products company’s stock worth $114,000 after purchasing an additional 1,362 shares during the period. SG Americas Securities LLC acquired a new stake in shares of Hyster-Yale Materials Handling during the first quarter worth approximately $110,000. Victory Capital Management Inc. boosted its holdings in shares of Hyster-Yale Materials Handling by 17.7% during the second quarter. Victory Capital Management Inc. now owns 2,119 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 319 shares during the period. Weik Investment Services Inc. acquired a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $211,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Hyster-Yale Materials Handling during the second quarter worth approximately $216,000. Institutional investors and hedge funds own 51.56% of the company’s stock.

Several analysts recently commented on HY shares. Zacks Investment Research cut shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 5th. BidaskClub cut shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Sidoti restated a “neutral” rating on shares of Hyster-Yale Materials Handling in a report on Friday, October 13th. Finally, ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average price target of $74.00.

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 1,464 shares of the company’s stock in a transaction that occurred on Friday, August 25th. The stock was sold at an average price of $68.25, for a total transaction of $99,918.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Susan Sichel sold 1,250 shares of the company’s 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 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. Corporate insiders own 26.34% of the company’s stock.

Shares of Hyster-Yale Materials Handling, Inc. (NYSE HY) opened at 80.30 on Friday. Hyster-Yale Materials Handling, Inc. has a 1-year low of $49.84 and a 1-year high of $82.76. The firm has a 50-day moving average of $76.85 and a 200-day moving average of $71.32. The firm has a market capitalization of $1.32 billion, a PE ratio of 22.43 and a beta of 1.06.

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Hyster-Yale Materials Handling 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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