Hyster-Yale Materials Handling (NYSE:HY) Hits New 52-Week Low – Should You Sell?

Hyster-Yale Materials Handling, Inc. (NYSE:HY) reached a new 52-week low on Friday . The stock traded as low as $42.11 and last traded at $42.16, with a volume of 18034 shares changing hands. The stock had previously closed at $44.46.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research report on Friday, March 7th.

Hyster-Yale Materials Handling Price Performance

The stock’s 50 day moving average is $49.68 and its two-hundred day moving average is $54.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The stock has a market capitalization of $741.72 million, a PE ratio of 4.70 and a beta of 1.27.

Hyster-Yale Materials Handling Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 14th. Investors of record on Friday, February 28th were given a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.34%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is 17.37%.

Institutional Investors Weigh In On Hyster-Yale Materials Handling

A number of institutional investors and hedge funds have recently bought and sold shares of HY. Dimensional Fund Advisors LP increased its position in Hyster-Yale Materials Handling by 1.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 515,809 shares of the industrial products company’s stock worth $26,270,000 after buying an additional 5,366 shares during the period. American Century Companies Inc. increased its holdings in shares of Hyster-Yale Materials Handling by 15.8% in the 4th quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock valued at $14,002,000 after acquiring an additional 37,432 shares during the period. Geode Capital Management LLC raised its position in Hyster-Yale Materials Handling by 0.7% in the 3rd quarter. Geode Capital Management LLC now owns 255,870 shares of the industrial products company’s stock valued at $16,320,000 after purchasing an additional 1,658 shares during the last quarter. ProShare Advisors LLC boosted its stake in Hyster-Yale Materials Handling by 16.0% during the 4th quarter. ProShare Advisors LLC now owns 144,433 shares of the industrial products company’s stock worth $7,356,000 after purchasing an additional 19,975 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Hyster-Yale Materials Handling by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 115,159 shares of the industrial products company’s stock worth $7,344,000 after purchasing an additional 4,296 shares during the last quarter. 46.47% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale, 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.