Hyster-Yale Materials Handling Inc (NYSE:HY) saw a large decrease in short interest during the month of July. As of July 31st, there was short interest totalling 212,400 shares, a decrease of 18.7% from the June 30th total of 261,400 shares. Currently, 3.7% of the company’s stock are short sold. Based on an average daily trading volume, of 92,500 shares, the short-interest ratio is currently 2.3 days.

In other Hyster-Yale Materials Handling news, insider Victoire G. Rankin acquired 6,250 shares of Hyster-Yale Materials Handling stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of $49.74 per share, for a total transaction of $310,875.00. Following the purchase, the insider now directly owns 18,844 shares in the company, valued at approximately $937,300.56. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Theodore D. Taplin sold 1,000 shares of the company’s stock in a transaction dated Friday, August 2nd. The shares were sold at an average price of $55.31, for a total transaction of $55,310.00. Following the completion of the sale, the insider now directly owns 40,957 shares in the company, valued at $2,265,331.67. The disclosure for this sale can be found here. Over the last 90 days, insiders have bought 24,062 shares of company stock valued at $1,243,813. Company insiders own 28.60% of the company’s stock.

A number of institutional investors have recently modified their holdings of HY. BlackRock Inc. boosted its position in Hyster-Yale Materials Handling by 39.9% in the second quarter. BlackRock Inc. now owns 961,424 shares of the industrial products company’s stock valued at $53,128,000 after buying an additional 274,129 shares in the last quarter. Norges Bank acquired a new stake in Hyster-Yale Materials Handling in the fourth quarter valued at approximately $9,489,000. Nuveen Asset Management LLC acquired a new position in shares of Hyster-Yale Materials Handling during the second quarter worth $3,564,000. Geode Capital Management LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 16.8% during the fourth quarter. Geode Capital Management LLC now owns 134,313 shares of the industrial products company’s stock worth $8,322,000 after purchasing an additional 19,331 shares during the period. Finally, Acadian Asset Management LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 196.0% during the second quarter. Acadian Asset Management LLC now owns 27,411 shares of the industrial products company’s stock worth $1,515,000 after purchasing an additional 18,151 shares during the period. Hedge funds and other institutional investors own 45.60% of the company’s stock.

Shares of NYSE HY traded down $0.26 during trading hours on Thursday, hitting $55.77. 72,700 shares of the stock were exchanged, compared to its average volume of 70,481. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.71 and a current ratio of 1.39. The company has a market cap of $950.01 million, a PE ratio of 33.54 and a beta of 1.42. The company’s fifty day simple moving average is $55.05 and its two-hundred day simple moving average is $59.23. Hyster-Yale Materials Handling has a 1-year low of $43.26 and a 1-year high of $76.79.

Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings results on Tuesday, July 30th. The industrial products company reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.73. The business had revenue of $856.20 million for the quarter, compared to analyst estimates of $841.90 million. Hyster-Yale Materials Handling had a net margin of 1.02% and a return on equity of 4.99%. The firm’s revenue for the quarter was up 11.8% on a year-over-year basis. During the same quarter last year, the business posted $0.34 EPS.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be given a $0.317 dividend. The ex-dividend date is Thursday, August 29th. This represents a $1.27 dividend on an annualized basis and a yield of 2.27%.

Separately, Sidoti upped their target price on shares of Hyster-Yale Materials Handling from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, July 31st.

About Hyster-Yale Materials Handling

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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