Here is the rundown on market activity for Hyster-Yale Materials Handling, (NYSE:HY). Yesterday Chairman Alfred M. Et Al Rankin disclosed the purchase of 9,381 shares. The shares were purchased at an average price of $48.46. Rankin now owns $145 of the stock per the Form 4 SEC filing. Claiborne R. Rankin, Director purchased $72,108 worth of shares at an average price of $48.46 on September 19th. The Director now owns $202,417 of the stock as reported to the SEC.
These firms have also modified their investment in HY. As of quarter end Royal Bank Of Canada had bought 3,313 shares growing its position 1,624.0%. The value of the investment in Hyster-Yale Materials Handling, went from $14,000 to $209,000 increasing 1,392.9% quarter to quarter. As of the end of the quarter Ifp Advisors, Inc had acquired a total of 100 shares growing its holdings by 181.8%. The value of the investment in HY increased from $4,000 to $9,000 a change of 125.0% since the last quarter.
As of the end of the quarter Schwab Charles Investment Management Inc had bought 8,366 shares growing its stake by 17.0%. The value of the total investment in Hyster-Yale Materials Handling, increased from $2,581,000 to $3,425,000 a change of $844,000 quarter over quarter. As of quarter end Walthausen & Co., LLC had disposed of 33,310 shares trimming its holdings by 38.2%. The value of the investment in (HY) decreased from $5,800,000 to $3,199,000 a change of $2,601,000 for the reporting period.
On September 23, 2016 the stock rating was changed to a “Buy” according to a Sidoti & Co. report a boost from the previous “” rating. On March 17 analysts at Berenberg initiated coverage on the stock setting a rating of “Hold”.
Berenberg began coverage of HY by announcing an initial rating of “Hold” and projecting a price target of $80.90. Equity analyst Global Hunter both downgraded the stock and lowered the price target on October 31 changing the price target from $88.00 to $81.00 and changing the rating from “Speculative Buy” to “Neutral”.
On October 31 the stock rating was downgraded from “Speculative Buy” to “Neutral” with a current price target of $81.00 in a report from Global Hunter. On June 19, 2014 Global Hunter added HY to its research portfolio with an initial rating of “Speculative Buy” and a price target of $104.00.
The company is so far trading up by 2.50 percent from yesterday’s close. Hyster-Yale Materials Handling, also recently announced a dividend paid on Thursday September 15th, 2016. The dividend payment was $0.295 per share for the quarter which comes to $1.18 on an annualized basis. This dividend represents a yield of $2.12. The ex-dividend date was Tuesday the 30th of August 2016.
Company chares are trading at $57.48 slightly over $52.02, the 50 day moving average and which is just under the 200 day moving average of $60.32. The 50 day moving average went up $5.46 or +10.49% and the 200 day average was down $-2.84.
Hyster-Yale Materials Handling,’s P/E ratio is 16.67 and the market cap is 941.87M. As of the last 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 to be $0.96 with next year’s EPS anticipated to be $3.59.