Islay Capital Management LLC Sells 4,066 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Islay Capital Management LLC lessened its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 21.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,252 shares of the industrial products company’s stock after selling 4,066 shares during the period. Islay Capital Management LLC’s holdings in Hyster-Yale Materials Handling were worth $777,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its position in shares of Hyster-Yale Materials Handling by 15.8% during 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 buying an additional 37,432 shares during the last quarter. Geode Capital Management LLC boosted its position in Hyster-Yale Materials Handling by 0.7% during the third quarter. Geode Capital Management LLC now owns 255,870 shares of the industrial products company’s stock worth $16,320,000 after purchasing an additional 1,658 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of Hyster-Yale Materials Handling by 3.9% in the third 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 in the last quarter. Bank of New York Mellon Corp raised its position in shares of Hyster-Yale Materials Handling by 2.3% in the fourth quarter. Bank of New York Mellon Corp now owns 109,206 shares of the industrial products company’s stock valued at $5,562,000 after purchasing an additional 2,446 shares during the period. Finally, Foundry Partners LLC lifted its stake in shares of Hyster-Yale Materials Handling by 6.3% during the 4th quarter. Foundry Partners LLC now owns 78,185 shares of the industrial products company’s stock valued at $3,982,000 after buying an additional 4,660 shares in the last quarter. Institutional investors own 46.47% of the company’s stock.

Analysts Set New Price Targets

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

Hyster-Yale Materials Handling Trading Down 0.4 %

Shares of HY opened at $36.90 on Friday. The business’s 50-day moving average price is $48.27 and its 200-day moving average price is $54.27. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46. Hyster-Yale Materials Handling, Inc. has a twelve month low of $34.92 and a twelve month high of $84.44. The stock has a market cap of $652.93 million, a PE ratio of 4.14 and a beta of 1.32.

Hyster-Yale Materials Handling Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.79%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 17.37%.

Hyster-Yale Materials Handling 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.