QV Investors Inc. Has $28.16 Million Position in Hyster-Yale Materials Handling Inc (HY)

QV Investors Inc. lessened its stake in Hyster-Yale Materials Handling Inc (NYSE:HY) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 330,617 shares of the industrial products company’s stock after selling 3,970 shares during the quarter. Hyster-Yale Materials Handling comprises 2.2% of QV Investors Inc.’s investment portfolio, making the stock its 16th biggest position. QV Investors Inc.’s holdings in Hyster-Yale Materials Handling were worth $28,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its stake in Hyster-Yale Materials Handling by 4.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 98,126 shares of the industrial products company’s stock valued at $8,357,000 after purchasing an additional 4,282 shares in the last quarter. Bank of Montreal Can grew its position in Hyster-Yale Materials Handling by 41.2% in the fourth quarter. Bank of Montreal Can now owns 19,154 shares of the industrial products company’s stock valued at $1,631,000 after acquiring an additional 5,585 shares during the last quarter. GSA Capital Partners LLP grew its position in Hyster-Yale Materials Handling by 9.5% in the third quarter. GSA Capital Partners LLP now owns 42,651 shares of the industrial products company’s stock valued at $3,260,000 after acquiring an additional 3,707 shares during the last quarter. Argent Capital Management LLC grew its position in Hyster-Yale Materials Handling by 35.1% in the third quarter. Argent Capital Management LLC now owns 45,350 shares of the industrial products company’s stock valued at $3,467,000 after acquiring an additional 11,770 shares during the last quarter. Finally, Cornerstone Capital Management Holdings LLC. grew its position in Hyster-Yale Materials Handling by 1,062.4% in the third quarter. Cornerstone Capital Management Holdings LLC. now owns 20,132 shares of the industrial products company’s stock valued at $1,538,000 after acquiring an additional 18,400 shares during the last quarter. 50.69% of the stock is owned by institutional investors and hedge funds.

A number of research firms have issued reports on HY. Seaport Global Securities upgraded Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a research report on Tuesday. Zacks Investment Research upgraded Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 9th. ValuEngine upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Sunday, December 31st. Finally, Sidoti reiterated a “neutral” rating on shares of Hyster-Yale Materials Handling in a research report on Friday, October 13th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $74.00.

Hyster-Yale Materials Handling Inc (NYSE:HY) traded down $0.06 during trading hours on Tuesday, hitting $88.94. The stock had a trading volume of 31,300 shares, compared to its average volume of 31,257. The company has a market capitalization of $1,480.00, a PE ratio of 23.22 and a beta of 1.09. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.02 and a current ratio of 1.64. Hyster-Yale Materials Handling Inc has a 52 week low of $53.50 and a 52 week high of $93.90.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Friday, November 3rd. The industrial products company reported $0.70 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.21. Hyster-Yale Materials Handling had a return on equity of 11.34% and a net margin of 2.27%. equities analysts forecast that Hyster-Yale Materials Handling Inc will post 4.06 earnings per share for the current fiscal year.

In other news, insider Frank F. Taplin sold 1,178 shares of the business’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $84.40, for a total transaction of $99,423.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 26.34% of the company’s stock.

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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.

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

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