Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin Acquires 1,808 Shares

Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin bought 1,808 shares of the business’s stock in a transaction that occurred on Tuesday, October 16th. The shares were bought at an average cost of $62.90 per share, for a total transaction of $113,723.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Hyster-Yale Materials Handling stock traded down $3.55 during trading hours on Friday, reaching $64.37. The company’s stock had a trading volume of 45,000 shares, compared to its average volume of 52,397. Hyster-Yale Materials Handling Inc has a one year low of $56.40 and a one year high of $91.39. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 15.85 and a beta of 1.17. The company has a current ratio of 1.49, a quick ratio of 0.83 and a debt-to-equity ratio of 0.36.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.33. The firm had revenue of $782.90 million for the quarter, compared to analyst estimates of $761.20 million. Hyster-Yale Materials Handling had a net margin of 1.07% and a return on equity of 7.86%. The business’s quarterly revenue was up 13.3% compared to the same quarter last year. During the same period last year, the firm earned $1.00 earnings per share.

A number of research analysts have weighed in on the stock. TheStreet lowered shares of Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research note on Friday, August 3rd. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research note on Friday, September 21st. Four analysts have rated the stock with a hold rating, The stock presently has an average rating of “Hold” and an average target price of $76.00.

Several hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. raised its holdings in shares of Hyster-Yale Materials Handling by 1.8% in the third quarter. JPMorgan Chase & Co. now owns 59,130 shares of the industrial products company’s stock valued at $3,638,000 after purchasing an additional 1,025 shares during the last quarter. Fisher Asset Management LLC raised its holdings in shares of Hyster-Yale Materials Handling by 2.2% in the third quarter. Fisher Asset Management LLC now owns 47,746 shares of the industrial products company’s stock valued at $2,938,000 after purchasing an additional 1,033 shares during the last quarter. Barclays PLC raised its holdings in shares of Hyster-Yale Materials Handling by 40.5% in the first quarter. Barclays PLC now owns 3,772 shares of the industrial products company’s stock valued at $263,000 after purchasing an additional 1,087 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of Hyster-Yale Materials Handling by 9.7% in the third quarter. Synovus Financial Corp now owns 12,354 shares of the industrial products company’s stock valued at $761,000 after purchasing an additional 1,092 shares during the last quarter. Finally, Legal & General Group Plc raised its holdings in shares of Hyster-Yale Materials Handling by 34.9% in the first quarter. Legal & General Group Plc now owns 4,803 shares of the industrial products company’s stock valued at $335,000 after purchasing an additional 1,243 shares during the last quarter. Institutional investors own 50.45% of the company’s stock.

WARNING: “Hyster-Yale Materials Handling Inc (NYSE:HY) Chairman Alfred M. Et Al Rankin Acquires 1,808 Shares” was originally posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international trademark and copyright law. The correct version of this report can be read at https://www.baseballdailydigest.com/2018/11/10/alfred-m-et-al-rankin-buys-1808-shares-of-hyster-yale-materials-handling-inc-hy-stock.html.

Hyster-Yale Materials Handling Company Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.

Featured Article: What is the Ex-Dividend Date in Investing?

Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

Receive News & Ratings for Hyster-Yale Materials Handling Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply