Hyster-Yale Materials Handling (NYSE:HY) Sees Large Volume Increase

Hyster-Yale Materials Handling, Inc. (NYSE:HY) shares saw strong trading volume on Friday . 40,234 shares traded hands during mid-day trading, a decline of 59% from the previous session’s volume of 98,516 shares.The stock last traded at $80.00 and had previously closed at $77.33.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on HY shares. Northland Capmk raised Hyster-Yale Materials Handling from a “hold” rating to a “strong-buy” rating in a report on Wednesday, June 5th. Roth Mkm reaffirmed a “buy” rating and set a $87.00 price objective on shares of Hyster-Yale Materials Handling in a report on Friday, June 7th. Finally, Northland Securities raised Hyster-Yale Materials Handling from a “market perform” rating to an “outperform” rating and set a $90.00 target price for the company in a report on Wednesday, June 5th. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $88.50.

Hyster-Yale Materials Handling Stock Up 1.5 %

The company has a current ratio of 1.25, a quick ratio of 0.56 and a debt-to-equity ratio of 0.58. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 8.97 and a beta of 1.35. The firm’s 50 day moving average is $72.05 and its two-hundred day moving average is $66.98.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, May 7th. The industrial products company reported $2.93 EPS for the quarter, beating the consensus estimate of $2.14 by $0.79. The company had revenue of $1.06 billion during the quarter, compared to analysts’ expectations of $1.03 billion. Hyster-Yale Materials Handling had a return on equity of 42.94% and a net margin of 3.61%. On average, sell-side analysts predict that Hyster-Yale Materials Handling, Inc. will post 8.3 EPS for the current year.

Hyster-Yale Materials Handling Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, May 31st were issued a $0.35 dividend. This is a boost from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Friday, May 31st. This represents a $1.40 annualized dividend and a yield of 1.78%. Hyster-Yale Materials Handling’s payout ratio is 16.22%.

Institutional Trading of Hyster-Yale Materials Handling

A number of institutional investors have recently modified their holdings of the company. EntryPoint Capital LLC acquired a new position in shares of Hyster-Yale Materials Handling in the 1st quarter valued at approximately $27,000. Gladius Capital Management LP bought a new position in Hyster-Yale Materials Handling during the 4th quarter worth $40,000. New York State Teachers Retirement System bought a new position in Hyster-Yale Materials Handling during the 4th quarter worth $61,000. AJOVista LLC bought a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth $71,000. Finally, DekaBank Deutsche Girozentrale grew its stake in shares of Hyster-Yale Materials Handling by 67.8% in the first quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock worth $83,000 after purchasing an additional 548 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

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, 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.