Bank of Montreal Can Has $1.63 Million Position in Hyster-Yale Materials Handling Inc (HY)

Bank of Montreal Can raised its stake in Hyster-Yale Materials Handling Inc (NYSE:HY) by 41.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,154 shares of the industrial products company’s stock after purchasing an additional 5,585 shares during the period. Bank of Montreal Can owned 0.12% of Hyster-Yale Materials Handling worth $1,631,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Simplex Trading LLC increased its position in shares of Hyster-Yale Materials Handling by 123.9% during the third quarter. Simplex Trading LLC now owns 2,243 shares of the industrial products company’s stock worth $171,000 after acquiring an additional 1,241 shares in the last quarter. Mutual of America Capital Management LLC boosted its holdings in Hyster-Yale Materials Handling by 18.5% during the third quarter. Mutual of America Capital Management LLC now owns 72,647 shares of the industrial products company’s stock worth $5,553,000 after purchasing an additional 11,347 shares during the last quarter. Teachers Advisors LLC boosted its holdings in Hyster-Yale Materials Handling by 68.1% during the second quarter. Teachers Advisors LLC now owns 28,211 shares of the industrial products company’s stock worth $1,982,000 after purchasing an additional 11,424 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in Hyster-Yale Materials Handling by 9.5% during the third quarter. GSA Capital Partners LLP now owns 42,651 shares of the industrial products company’s stock worth $3,260,000 after purchasing an additional 3,707 shares during the last quarter. Finally, Macquarie Group Ltd. purchased a new position in Hyster-Yale Materials Handling during the third quarter worth about $639,000. 51.40% of the stock is owned by hedge funds and other institutional investors.

Hyster-Yale Materials Handling Inc (HY) traded up $0.62 on Wednesday, reaching $80.49. 14,375 shares of the company’s stock were exchanged, compared to its average volume of 38,439. The company has a current ratio of 1.64, a quick ratio of 1.02 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $1,324.70, a PE ratio of 20.85 and a beta of 1.05. Hyster-Yale Materials Handling Inc has a 52-week low of $53.50 and a 52-week high of $93.90.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Thursday, March 1st will be paid a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a dividend yield of 1.50%. The ex-dividend date is Wednesday, February 28th. Hyster-Yale Materials Handling’s payout ratio is currently 31.59%.

Several research analysts recently weighed in on HY shares. Zacks Investment Research upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Thursday, November 9th. Seaport Global Securities upgraded shares of Hyster-Yale Materials Handling from a “sell” rating to a “neutral” rating in a report on Tuesday, January 23rd. Finally, ValuEngine upgraded shares of Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company’s stock. Hyster-Yale Materials Handling presently has an average rating of “Hold” and an average target price of $74.00.

In related news, insider Frank F. Taplin sold 1,178 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The shares were sold at an average price of $84.40, for a total transaction of $99,423.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 26.34% of the company’s stock.

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Hyster-Yale Materials Handling Profile

Hyster-Yale Materials Handling, Inc is a lift truck manufacturer. The Company designs, engineers, manufactures, sells and services a line of lift trucks, attachments and aftermarket parts marketed globally under the Hyster and Yale brand names, mainly to independent Hyster and Yale retail dealerships.

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

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