UBS Group AG Sells 924 Shares of Hyster-Yale Materials Handling Inc (HY)
UBS Group AG trimmed its holdings in shares of Hyster-Yale Materials Handling Inc (NYSE:HY) by 38.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,463 shares of the industrial products company’s stock after selling 924 shares during the quarter. UBS Group AG’s holdings in Hyster-Yale Materials Handling were worth $102,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also made changes to their positions in HY. SG Americas Securities LLC bought a new stake in Hyster-Yale Materials Handling during the first quarter valued at approximately $164,000. Trexquant Investment LP bought a new stake in Hyster-Yale Materials Handling during the first quarter valued at approximately $246,000. Signature Financial Management Inc. bought a new stake in Hyster-Yale Materials Handling during the first quarter valued at approximately $272,000. MetLife Investment Advisors LLC bought a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at approximately $424,000. Finally, Stanley Laman Group Ltd. bought a new stake in Hyster-Yale Materials Handling during the first quarter valued at approximately $672,000. Institutional investors own 50.93% of the company’s stock.
In other Hyster-Yale Materials Handling news, VP Gregory Breier sold 1,227 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Thursday, June 7th. The shares were sold at an average price of $67.25, for a total transaction of $82,515.75. Following the transaction, the vice president now owns 7,388 shares of the company’s stock, valued at $496,843. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Theodore D. Taplin sold 1,015 shares of the business’s stock in a transaction on Friday, June 8th. The stock was sold at an average price of $69.48, for a total transaction of $70,522.20. Following the completion of the transaction, the insider now directly owns 45,002 shares in the company, valued at approximately $3,126,738.96. The disclosure for this sale can be found here. 26.58% of the stock is owned by insiders.
Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings results on Tuesday, July 31st. The industrial products company reported $0.34 earnings per share for the quarter, missing the consensus estimate of $0.53 by ($0.19). Hyster-Yale Materials Handling had a net margin of 1.14% and a return on equity of 8.26%. The firm had revenue of $765.60 million for the quarter, compared to analysts’ expectations of $797.00 million. During the same period in the prior year, the firm earned $0.85 EPS. Hyster-Yale Materials Handling’s revenue for the quarter was up 11.7% compared to the same quarter last year. equities research analysts predict that Hyster-Yale Materials Handling Inc will post 3.31 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Friday, August 31st will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 2.13%. The ex-dividend date is Thursday, August 30th. Hyster-Yale Materials Handling’s dividend payout ratio is currently 30.54%.
Several brokerages recently issued reports on HY. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a research report on Thursday, June 28th. TheStreet lowered shares of Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a research report on Friday, August 3rd. Finally, ValuEngine downgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “sell” rating in a report on Friday, June 1st. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $66.00.
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.
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