Hyster-Yale Materials Handling, Inc. (NYSE:HY) Position Boosted by Bailard Inc.

Bailard Inc. grew its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 15.9% in the fourth quarter, HoldingsChannel reports. The fund owned 5,100 shares of the industrial products company’s stock after buying an additional 700 shares during the period. Bailard Inc.’s holdings in Hyster-Yale Materials Handling were worth $260,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the stock. Covestor Ltd increased its stake in Hyster-Yale Materials Handling by 21,350.0% during the 3rd quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock valued at $27,000 after buying an additional 427 shares during the period. Pinpoint Asset Management Ltd acquired a new position in shares of Hyster-Yale Materials Handling during the third quarter valued at approximately $32,000. US Bancorp DE raised its holdings in Hyster-Yale Materials Handling by 29.1% during the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock worth $88,000 after purchasing an additional 389 shares in the last quarter. Quest Partners LLC lifted its position in Hyster-Yale Materials Handling by 189.0% in the third quarter. Quest Partners LLC now owns 2,552 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 1,669 shares during the period. Finally, Massachusetts Financial Services Co. MA bought a new position in Hyster-Yale Materials Handling during the 3rd quarter valued at $231,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Price Performance

Shares of NYSE:HY opened at $45.03 on Thursday. The company has a market capitalization of $788.32 million, a PE ratio of 5.05 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The stock has a fifty day moving average of $51.81 and a 200-day moving average of $56.74. Hyster-Yale Materials Handling, Inc. has a one year low of $42.59 and a one year high of $84.44.

Hyster-Yale Materials Handling Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Stockholders of record on Friday, February 28th will be issued a dividend of $0.35 per share. This represents a $1.40 annualized dividend and a dividend yield of 3.11%. The ex-dividend date of this dividend is Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio is 17.37%.

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

Wall Street Analyst Weigh In

A number of research firms have recently commented on HY. StockNews.com raised Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research note on Thursday, February 27th. Roth Mkm lowered their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th.

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.