There has been some buying insider activity on Hyster-Yale Materials Handling, (NYSE:HY) recently. Alfred M. Et Al Rankin, Chairman purchased $454,603 worth of shares at an average price of $48.46 on September 19th. The Chairman now owns $145 of the stock as reported to the SEC. Director Claiborne R. Rankin acquired 1,488 shares at an average price of $48.46 on Mon the 19th. Rankin now owns $202,417 of stock per an SEC filing yesterday.
Here are a few other firms who have also updated their positions. As of quarter end Royal Bank Of Canada had acquired a total of 3,313 shares growing its stake by 1,624.0%. The value in dollars increased from $14,000 to $209,000 a change of $195,000 quarter over quarter. Ifp Advisors, Inc augmented its stake by buying 100 shares an increase of 181.8% in the quarter. Ifp Advisors, Inc controls 155 shares with a value of $9,000. The value of the position overall is up by 125.0%.
As of the end of the quarter Schwab Charles Investment Management Inc had bought 8,366 shares growing its position 17.0%. The value of the investment in (HY) went from $2,581,000 to $3,425,000 a change of 32.7% since the last quarter. Walthausen & Co., LLC reduced its ownership by selling 33,310 shares a decrease of 38.2%. Walthausen & Co., LLC claims 53,778 shares valued at $3,199,000. The total value of its holdings decreased 44.8%.
On September 23 the stock rating was upgraded from “” to “Buy” in a report from Sidoti & Co.. On March 17 analysts at Berenberg added HY to its research portfolio giving it an initial rating of “Hold”.
Berenberg initiated coverage with a rating of “Hold” and establishing a price target of $80.90. Equity analyst Global Hunter downgraded the stock and lowered the price target on October 31 changing the price objective from $88.00 to $81.00 and setting the rating at “Neutral” which had previously been “Speculative Buy”.
On October 31 the company was downgraded to “Neutral” from “Speculative Buy” with a current price target of $81.00 by Global Hunter. Equity analyst Global Hunter starting coverage on HY setting a rating of “Speculative Buy” and projecting a price target of $104.00.
The company is up from yesterday’s close of $56.08. Hyster-Yale Materials Handling, recently announced a dividend paid on Thursday September 15th, 2016. The dividend was $0.295 per share for the quarter or $1.18 annualized. This dividend represents a yeild of $2.12 which is the dividend as a percentage of the current share price. The ex-dividend date was Tuesday the 30th of August 2016.
The stock last traded at $57.55 which is slightly above $52.02, the 50 day moving average and which is marginally lower than the 200 day moving average of $60.32. The 50 day moving average went up by +10.35% and the 200 day average was down $-2.91.
The company currently has a P/E ratio of 16.65 and the market cap is 940.72M. As of the latest earnings report the EPS was $3.45 and is projected to be $3.04 for the current year with 16,386,000 shares currently outstanding. Analysts expect next quarter’s EPS will be $0.96 and the next full year EPS is projected to be $3.59.