Hyster-Yale Materials Handling Inc (HY) Shares Sold by American Century Companies Inc.

American Century Companies Inc. cut its stake in Hyster-Yale Materials Handling Inc (NYSE:HY) by 8.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,806 shares of the industrial products company’s stock after selling 3,785 shares during the period. American Century Companies Inc. owned 0.25% of Hyster-Yale Materials Handling worth $2,854,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Spark Investment Management LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 3.6% during the fourth quarter. Spark Investment Management LLC now owns 49,100 shares of the industrial products company’s stock valued at $4,181,000 after purchasing an additional 1,700 shares during the last quarter. AXA lifted its holdings in shares of Hyster-Yale Materials Handling by 17.9% during the fourth quarter. AXA now owns 64,669 shares of the industrial products company’s stock valued at $5,507,000 after purchasing an additional 9,839 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 17.1% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 52,295 shares of the industrial products company’s stock valued at $4,454,000 after purchasing an additional 7,647 shares during the last quarter. Bogle Investment Management L P DE purchased a new position in shares of Hyster-Yale Materials Handling during the fourth quarter valued at approximately $490,000. Finally, Globeflex Capital L P purchased a new position in shares of Hyster-Yale Materials Handling during the fourth quarter valued at approximately $321,000. Institutional investors and hedge funds own 51.45% of the company’s stock.

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In related news, insider Theodore D. Taplin sold 854 shares of the business’s stock in a transaction that occurred on Thursday, March 8th. The shares were sold at an average price of $69.65, for a total value of $59,481.10. Following the completion of the transaction, the insider now directly owns 47,472 shares in the company, valued at approximately $3,306,424.80. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Theodore D. Taplin sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, May 10th. The stock was sold at an average price of $67.45, for a total transaction of $67,450.00. Following the completion of the transaction, the insider now owns 47,072 shares of the company’s stock, valued at $3,175,006.40. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,854 shares of company stock valued at $195,131. 26.34% of the stock is owned by company insiders.

Several equities analysts have recently issued reports on the stock. TheStreet upgraded shares of Hyster-Yale Materials Handling from a “c+” rating to a “b” rating in a report on Wednesday, May 23rd. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “strong sell” rating to a “hold” rating in a report on Thursday, May 3rd. ValuEngine lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Finally, Robert W. Baird lowered shares of Hyster-Yale Materials Handling from an “outperform” rating to a “neutral” rating and set a $76.00 target price for the company. in a report on Friday, March 2nd. One investment analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $71.33.

Shares of NYSE HY opened at $67.90 on Monday. Hyster-Yale Materials Handling Inc has a twelve month low of $62.62 and a twelve month high of $93.90. The company has a market capitalization of $1.12 billion, a P/E ratio of 16.72 and a beta of 1.14. The company has a quick ratio of 1.07, a current ratio of 1.68 and a debt-to-equity ratio of 0.34.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $0.97 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.97. Hyster-Yale Materials Handling had a net margin of 1.53% and a return on equity of 10.39%. The company had revenue of $795.50 million during the quarter, compared to analyst estimates of $755.30 million. sell-side analysts expect that Hyster-Yale Materials Handling Inc will post 4.07 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Friday, June 1st will be issued a $0.31 dividend. This is a positive change from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.30. This represents a $1.24 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date of this dividend is Thursday, May 31st. Hyster-Yale Materials Handling’s payout ratio is presently 29.80%.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

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

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