Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Bought by Bailard Inc.

Bailard Inc. grew its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,100 shares of the industrial products company’s stock after purchasing 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 SEC filing.

A number of other institutional investors have also modified their holdings of the company. Segall Bryant & Hamill LLC acquired a new stake in Hyster-Yale Materials Handling during the 3rd quarter valued at $1,910,000. Empowered Funds LLC purchased a new position in Hyster-Yale Materials Handling in the 4th quarter valued at about $1,243,000. Zacks Investment Management grew its stake in shares of Hyster-Yale Materials Handling by 117.9% during the third quarter. Zacks Investment Management now owns 32,063 shares of the industrial products company’s stock valued at $2,045,000 after acquiring an additional 17,347 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in shares of Hyster-Yale Materials Handling during the third quarter worth about $866,000. Finally, FMR LLC lifted its stake in shares of Hyster-Yale Materials Handling by 31.9% in the third quarter. FMR LLC now owns 51,280 shares of the industrial products company’s stock worth $3,270,000 after acquiring an additional 12,390 shares in the last quarter. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Hyster-Yale Materials Handling Stock Performance

Shares of HY opened at $45.03 on Thursday. The stock has a market capitalization of $788.32 million, a PE ratio of 5.05 and a beta of 1.27. The business’s fifty day moving average price is $51.81 and its 200 day moving average price is $56.74. 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 12-month low of $42.59 and a 12-month high of $84.44.

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

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis 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 presently 17.37%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Roth Mkm dropped their price objective 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. StockNews.com raised shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a research report on Thursday, February 27th.

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.