Karpas Strategies LLC trimmed its position in Hyster-Yale Materials Handling Inc (NYSE:HY) by 1.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,345 shares of the industrial products company’s stock after selling 200 shares during the period. Karpas Strategies LLC owned about 0.09% of Hyster-Yale Materials Handling worth $895,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in Hyster-Yale Materials Handling by 1.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 59,130 shares of the industrial products company’s stock worth $3,638,000 after purchasing an additional 1,025 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Hyster-Yale Materials Handling by 2.6% in the 3rd quarter. Bank of New York Mellon Corp now owns 94,736 shares of the industrial products company’s stock worth $5,829,000 after purchasing an additional 2,400 shares in the last quarter. BlackRock Inc. lifted its stake in Hyster-Yale Materials Handling by 1.4% in the 3rd quarter. BlackRock Inc. now owns 668,500 shares of the industrial products company’s stock worth $41,133,000 after purchasing an additional 9,303 shares in the last quarter. FMR LLC lifted its stake in Hyster-Yale Materials Handling by 1.8% in the 3rd quarter. FMR LLC now owns 304,132 shares of the industrial products company’s stock worth $18,713,000 after purchasing an additional 5,489 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in Hyster-Yale Materials Handling by 2.5% in the 3rd quarter. Dimensional Fund Advisors LP now owns 974,450 shares of the industrial products company’s stock worth $59,958,000 after purchasing an additional 23,774 shares in the last quarter. Institutional investors own 49.44% of the company’s stock.

Separately, TheStreet lowered shares of Hyster-Yale Materials Handling from a “b-” rating to a “c+” rating in a research note on Wednesday, March 20th.

Shares of HY stock traded down $0.24 during trading on Thursday, hitting $67.42. 25,461 shares of the stock traded hands, compared to its average volume of 50,408. The firm has a market cap of $1.12 billion, a PE ratio of 37.83 and a beta of 0.95. The company has a debt-to-equity ratio of 0.38, a quick ratio of 0.77 and a current ratio of 1.46. Hyster-Yale Materials Handling Inc has a 52-week low of $55.88 and a 52-week high of $78.19.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings results on Tuesday, February 26th. The industrial products company reported ($0.07) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by ($0.51). The firm had revenue of $837.70 million for the quarter, compared to analysts’ expectations of $872.90 million. Hyster-Yale Materials Handling had a net margin of 1.09% and a return on equity of 4.98%. The firm’s quarterly revenue was up 5.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.97 EPS.

In other news, Chairman Alfred M. Et Al Rankin purchased 803 shares of Hyster-Yale Materials Handling stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $64.98 per share, with a total value of $52,178.94. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Victoire G. Rankin purchased 1,552 shares of Hyster-Yale Materials Handling stock in a transaction dated Friday, March 22nd. The shares were purchased at an average cost of $64.18 per share, for a total transaction of $99,607.36. The disclosure for this purchase can be found here. In the last ninety days, insiders have bought 38,286 shares of company stock worth $2,446,178. Corporate insiders own 28.60% of the company’s stock.

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Hyster-Yale Materials Handling Profile

Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. The company markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.

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Institutional Ownership by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

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