There has been some buying insider activity on Hyster-Yale Materials Handling, (NYSE:HY) recently. Today Alfred M. Et Al Rankin, Chairman disclosed the purchase of 9,381 shares of HY stock. The shares were purchased at an average price of $48.46. The Chairman now owns $145 of the stock per the Form 4 SEC filing. Director Claiborne R. Rankin bought 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.
The following firms have also recently changed their position in HY. As of the end of the quarter Royal Bank Of Canada had bought 3,313 shares growing its stake by 1,624.0%. The value of the company’s investment in Hyster-Yale Materials Handling, went from $14,000 to $209,000 a change of 1,392.9% quarter over quarter. As of quarter end Ifp Advisors, Inc had acquired a total of 100 shares growing its position 181.8%. The value in dollars increased from $4,000 to $9,000 increasing 125.0% since the last quarter.
Schwab Charles Investment Management Inc added to its ownership by buying 8,366 shares an increase of 17.0% in the quarter. Schwab Charles Investment Management Inc currently owns 57,572 shares worth $3,425,000. The total value of its holdings increased 32.7%. Walthausen & Co., LLC downsized its stake by shedding 33,310 shares a decrease of 38.2% from 03/31/2016 to 06/30/2016. Walthausen & Co., LLC now controls 53,778 shares valued at $3,199,000. The value of the position overall is down by 44.8%.
On September 23 the stock rating was upgraded from “” to “Buy” by Sidoti & Co.. Equity analyst Berenberg starting coverage on HY giving it an initial rating of “Hold”.
Berenberg released its first research report on the stock by announcing an initial rating of “Hold” and projecting a price target of $80.90. Global Hunter downgraded the stock and lowered the price target on October 31 cutting the price target from $88.00 to $81.00 and changing the rating from “Speculative Buy” to “Neutral”.
On October 31 the company was downgraded to “Neutral” from “Speculative Buy” and a price target of $81.00 was set in an announcement from Global Hunter. On June 19, 2014 Global Hunter added the stock to its research portfolio with a rating of “Speculative Buy” and price target of $104.00.
In the market the company is trading up since yesterday’s close of $56.08. Hyster-Yale Materials Handling, also declared a dividend for shareholders paid on Thursday the 15th of September 2016. The dividend payment was $0.295 per share for the quarter which is $1.18 annualized. This dividend represents a yield of $2.12. The ex-dividend date was set for Tuesday the 30th of August 2016.
The stock last traded at $57.48 which is a tad above the 50 day moving average which is $52.02 and just below the 200 day moving average of $60.32. The 50 day moving average went up by +10.62% and the 200 day average went down by -4.59%.
The company currently has a P/E ratio of 16.69 and the market cap is 943.01M. As of the latest earnings report the EPS was $3.45 and is expected to be $3.04 for the current year with 16,386,000 shares presently outstanding. Next quarter’s EPS is expected be $0.96 and the next full year EPS is anticipated to be $3.59.