Gladius Capital Management LP Makes New $40,000 Investment in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Gladius Capital Management LP purchased a new position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 646 shares of the industrial products company’s stock, valued at approximately $40,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in HY. Charles Schwab Investment Management Inc. lifted its position in Hyster-Yale Materials Handling by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 85,889 shares of the industrial products company’s stock worth $5,341,000 after buying an additional 3,153 shares during the last quarter. Gallacher Capital Management LLC bought a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter worth approximately $268,000. AJOVista LLC purchased a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter valued at $71,000. Semanteon Capital Management LP bought a new position in shares of Hyster-Yale Materials Handling during the 4th quarter valued at $415,000. Finally, Federated Hermes Inc. raised its position in Hyster-Yale Materials Handling by 38.8% in the 4th quarter. Federated Hermes Inc. now owns 131,538 shares of the industrial products company’s stock worth $8,180,000 after purchasing an additional 36,758 shares during the period. Hedge funds and other institutional investors own 46.47% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the company. TheStreet cut Hyster-Yale Materials Handling from a “b-” rating to a “c” rating in a research note on Monday, March 4th. Roth Mkm restated a “buy” rating and set a $87.00 price target (up from $85.00) on shares of Hyster-Yale Materials Handling in a research report on Thursday. Finally, StockNews.com downgraded Hyster-Yale Materials Handling from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, February 28th.

Insiders Place Their Bets

In other Hyster-Yale Materials Handling news, insider Frank F. Taplin sold 11,720 shares of Hyster-Yale Materials Handling stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $58.10, for a total transaction of $680,932.00. Following the sale, the insider now directly owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Frank F. Taplin sold 11,720 shares of the company’s stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $58.10, for a total value of $680,932.00. Following the sale, the insider now directly owns 367,152 shares of the company’s stock, valued at approximately $21,331,531.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Frank F. Taplin sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, March 1st. The shares were sold at an average price of $58.65, for a total transaction of $293,250.00. Following the transaction, the insider now directly owns 378,872 shares of the company’s stock, valued at approximately $22,220,842.80. The disclosure for this sale can be found here. Company insiders own 33.93% of the company’s stock.

Hyster-Yale Materials Handling Trading Up 8.5 %

Shares of Hyster-Yale Materials Handling stock traded up $6.19 during trading on Thursday, reaching $79.11. 262,338 shares of the stock were exchanged, compared to its average volume of 104,635. Hyster-Yale Materials Handling, Inc. has a 1 year low of $38.50 and a 1 year high of $79.66. The firm has a market cap of $1.38 billion, a price-to-earnings ratio of 10.91 and a beta of 1.49. The company has a quick ratio of 0.55, a current ratio of 1.22 and a debt-to-equity ratio of 0.62. The stock’s fifty day moving average is $61.03 and its 200 day moving average is $58.61.

Hyster-Yale Materials Handling (NYSE:HY) last released its quarterly earnings data on Tuesday, February 27th. The industrial products company reported $1.43 earnings per share for the quarter, missing the consensus estimate of $1.46 by ($0.03). Hyster-Yale Materials Handling had a return on equity of 40.35% and a net margin of 3.06%. The business had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $1.02 billion. As a group, equities research analysts expect that Hyster-Yale Materials Handling, Inc. will post 7.06 earnings per share for the current fiscal year.

Hyster-Yale Materials Handling Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 14th. Shareholders of record on Friday, May 31st will be given a dividend of $0.35 per share. This is an increase from Hyster-Yale Materials Handling’s previous quarterly dividend of $0.33. This represents a $1.40 dividend on an annualized basis and a yield of 1.77%. The ex-dividend date of this dividend is Friday, May 31st. Hyster-Yale Materials Handling’s payout ratio is presently 17.93%.

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. 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.