Globeflex Capital L P Decreases Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Globeflex Capital L P cut its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 30,269 shares of the industrial products company’s stock after selling 1,716 shares during the quarter. Globeflex Capital L P owned about 0.17% of Hyster-Yale Materials Handling worth $1,542,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Covestor Ltd lifted its holdings in shares of Hyster-Yale Materials Handling by 21,350.0% in the third quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock valued at $27,000 after purchasing an additional 427 shares in the last quarter. Pinpoint Asset Management Ltd bought a new position in shares of Hyster-Yale Materials Handling in the 3rd quarter worth about $32,000. US Bancorp DE lifted its position in shares of Hyster-Yale Materials Handling by 29.1% in the 4th quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock worth $88,000 after buying an additional 389 shares during the last quarter. Quest Partners LLC increased its holdings in shares of Hyster-Yale Materials Handling by 189.0% in the 3rd quarter. Quest Partners LLC now owns 2,552 shares of the industrial products company’s stock worth $163,000 after acquiring an additional 1,669 shares during the period. Finally, Amundi grew its stake in shares of Hyster-Yale Materials Handling by 111.6% in the 4th quarter. Amundi now owns 4,400 shares of the industrial products company’s stock worth $221,000 after purchasing an additional 2,321 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Trading Up 3.1 %

Shares of HY stock opened at $44.86 on Friday. Hyster-Yale Materials Handling, Inc. has a 52-week low of $42.59 and a 52-week high of $84.44. The stock has a market cap of $793.82 million, a price-to-earnings ratio of 5.03 and a beta of 1.27. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The firm has a fifty day moving average of $51.00 and a 200-day moving average of $56.00.

Hyster-Yale Materials Handling announced that its board has authorized a stock buyback program on Monday, November 18th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to buy up to 5.2% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board believes its shares are undervalued.

Hyster-Yale Materials Handling Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a $0.35 dividend. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio is 17.37%.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Friday, March 7th.

About Hyster-Yale Materials Handling

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.