Gladius Capital Management LP Makes New Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Gladius Capital Management LP purchased a new stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 646 shares of the industrial products company’s stock, valued at approximately $40,000.

Other institutional investors have also recently made changes to their positions in the company. New York State Teachers Retirement System bought a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at $61,000. AJOVista LLC bought a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at about $71,000. SG Americas Securities LLC purchased a new position in Hyster-Yale Materials Handling in the fourth quarter valued at about $151,000. Dumont & Blake Investment Advisors LLC bought a new position in Hyster-Yale Materials Handling in the fourth quarter worth about $263,000. Finally, Gallacher Capital Management LLC bought a new position in Hyster-Yale Materials Handling in the fourth quarter worth about $268,000. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on HY shares. StockNews.com downgraded shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th. Roth Mkm reaffirmed a “buy” rating and issued a $87.00 price target (up from $85.00) on shares of Hyster-Yale Materials Handling in a report on Thursday. Finally, TheStreet lowered Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a report on Monday, March 4th.

Insiders Place Their Bets

In other news, insider Frank F. Taplin sold 11,720 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the transaction, the insider now directly owns 367,152 shares of the company’s stock, valued at $21,331,531.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 5,000 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $58.65, for a total value of $293,250.00. Following the sale, the insider now directly owns 378,872 shares of the company’s stock, valued at $22,220,842.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Frank F. Taplin sold 11,720 shares of the stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $58.10, for a total value of $680,932.00. Following the sale, the insider now directly owns 367,152 shares in the company, valued at $21,331,531.20. The disclosure for this sale can be found here. 33.93% of the stock is currently owned by insiders.

Hyster-Yale Materials Handling Stock Up 8.5 %

Shares of HY stock traded up $6.19 during trading hours on Thursday, reaching $79.11. 262,338 shares of the company’s stock were exchanged, compared to its average volume of 104,635. Hyster-Yale Materials Handling, Inc. has a 1 year low of $38.50 and a 1 year high of $79.66. The company has a current ratio of 1.22, a quick ratio of 0.55 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.38 billion, a PE ratio of 10.91 and a beta of 1.49. The stock’s fifty day moving average price is $61.03 and its two-hundred day moving average price is $58.61.

Hyster-Yale Materials Handling (NYSE:HY) last released its earnings results on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $1.02 billion. Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. Research analysts predict that Hyster-Yale Materials Handling, Inc. will post 7.06 EPS for the current year.

Hyster-Yale Materials Handling Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 14th. Investors of record on Friday, May 31st will be paid a $0.35 dividend. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33. The ex-dividend date is Friday, May 31st. This represents a $1.40 dividend on an annualized basis and a yield of 1.77%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 17.93%.

Hyster-Yale Materials Handling Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.