Segall Bryant & Hamill LLC Invests $1.91 Million in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Segall Bryant & Hamill LLC purchased a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the third quarter, HoldingsChannel reports. The firm purchased 29,958 shares of the industrial products company’s stock, valued at approximately $1,910,000.

Other institutional investors have also recently bought and sold shares of the company. EntryPoint Capital LLC bought a new position in Hyster-Yale Materials Handling in the 1st quarter valued at $27,000. Covestor Ltd boosted its holdings in Hyster-Yale Materials Handling by 21,350.0% in the third quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock valued at $27,000 after acquiring an additional 427 shares during the last quarter. Quest Partners LLC increased its position in Hyster-Yale Materials Handling by 6,692.3% in the second quarter. Quest Partners LLC now owns 883 shares of the industrial products company’s stock worth $62,000 after purchasing an additional 870 shares during the period. Itau Unibanco Holding S.A. bought a new stake in Hyster-Yale Materials Handling during the 2nd quarter worth about $67,000. Finally, DekaBank Deutsche Girozentrale lifted its position in Hyster-Yale Materials Handling by 67.8% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 1,356 shares of the industrial products company’s stock valued at $83,000 after purchasing an additional 548 shares during the period. Institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Stock Up 2.5 %

Hyster-Yale Materials Handling stock opened at $56.79 on Friday. The firm has a market capitalization of $994.28 million, a price-to-earnings ratio of 6.37 and a beta of 1.32. The company’s 50 day simple moving average is $61.49 and its 200 day simple moving average is $66.36. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. Hyster-Yale Materials Handling, Inc. has a fifty-two week low of $47.01 and a fifty-two week high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY) last announced its quarterly earnings results on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.06 billion. During the same period in the prior year, the business earned $2.06 earnings per share. As a group, sell-side analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 EPS for the current year.

Hyster-Yale Materials Handling declared that its board has authorized a stock buyback plan on Monday, November 18th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 5.2% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently announced 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 2.47%. Hyster-Yale Materials Handling’s payout ratio is 15.71%.

Analyst Upgrades and Downgrades

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

About Hyster-Yale Materials Handling

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.