Foundry Partners LLC Has $4.69 Million Stock Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Foundry Partners LLC lifted its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 1.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 73,525 shares of the industrial products company’s stock after acquiring an additional 1,162 shares during the period. Foundry Partners LLC owned approximately 0.42% of Hyster-Yale Materials Handling worth $4,689,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of HY. Jacobs Levy Equity Management Inc. grew its stake in shares of Hyster-Yale Materials Handling by 298.7% in the 1st quarter. Jacobs Levy Equity Management Inc. now owns 132,136 shares of the industrial products company’s stock worth $8,479,000 after acquiring an additional 98,996 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Hyster-Yale Materials Handling by 149.8% in the 2nd quarter. American Century Companies Inc. now owns 151,241 shares of the industrial products company’s stock worth $10,546,000 after buying an additional 90,696 shares during the last quarter. Swedbank AB bought a new position in shares of Hyster-Yale Materials Handling in the first quarter valued at approximately $5,519,000. Acadian Asset Management LLC increased its position in shares of Hyster-Yale Materials Handling by 63.7% during the second quarter. Acadian Asset Management LLC now owns 220,865 shares of the industrial products company’s stock valued at $15,390,000 after acquiring an additional 85,906 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its position in Hyster-Yale Materials Handling by 2,033.6% in the first quarter. Lazard Asset Management LLC now owns 69,449 shares of the industrial products company’s stock worth $4,456,000 after purchasing an additional 66,194 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the company. Roth Mkm decreased their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a research report on Wednesday, November 6th. StockNews.com cut shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Wednesday, November 6th. Finally, Northland Capmk lowered shares of Hyster-Yale Materials Handling from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, August 7th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.00.

Hyster-Yale Materials Handling Trading Up 2.2 %

Shares of HY stock opened at $55.42 on Friday. Hyster-Yale Materials Handling, Inc. has a 1 year low of $46.82 and a 1 year high of $84.44. The stock has a market capitalization of $970.40 million, a price-to-earnings ratio of 6.09 and a beta of 1.32. 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 company’s fifty day simple moving average is $61.59 and its two-hundred day simple moving average is $66.46.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 EPS for the quarter, missing the consensus estimate of $1.97 by ($1.00). Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. The business had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $1.06 billion. During the same period in the previous year, the firm posted $2.06 EPS. As a group, analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Friday, November 29th will be paid a $0.35 dividend. The ex-dividend date is Friday, November 29th. This represents a $1.40 dividend on an annualized basis and a yield of 2.53%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is currently 15.71%.

Hyster-Yale Materials Handling announced that its Board of Directors has approved a share repurchase program on Monday, November 18th that allows the company to repurchase $50.00 million in shares. This repurchase authorization allows the industrial products company to buy up to 5.2% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s leadership believes its stock is undervalued.

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.