Here is the rundown on market activity for Hyster-Yale Materials Handling, (NYSE:HY). Today Alfred M. Et Al Rankin, Chairman 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 according to the SEC filing. Claiborne R. Rankin, Director acquired $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 acquired a total of 3,313 shares growing its position 1,624.0%. The value of the investment in HY went from $14,000 to $209,000 increasing 1,392.9% quarter over quarter. Ifp Advisors, Inc grew its position by buying 100 shares an increase of 181.8%. Ifp Advisors, Inc owns 155 shares worth $9,000. The total value of its holdings increased 125.0%.
As of the end of the quarter Schwab Charles Investment Management Inc had bought 8,366 shares growing its holdings 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 32.7% for the reporting period. Walthausen & Co., LLC downsized its holdings by selling 33,310 shares a decrease of 38.2% in the quarter. Walthausen & Co., LLC controls 53,778 shares with a value of $3,199,000. The value of the position overall is down by 44.8%.
On September 23 the stock rating was upgraded to “Buy” from “” by analysts at Sidoti & Co.. On March 17 analysts at Berenberg began coverage with a rating of “Hold”.
Equity analyst Berenberg started covering HY giving it an initial rating of “Hold” and establishing a price target of $80.90. Equity analyst Global Hunter lowered the price target and downgraded the stock on October 31 cutting the price target from $88.00 to $81.00 and cutting the rating from “Speculative Buy” to “Neutral”.
On October 31 the company 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 started coverage with an initial rating of “Speculative Buy” and setting a price target of $104.00.
The company is so far trading up from yesterday’s close of $57.48. The company declared a dividend which was paid on Thursday September 15th, 2016. The dividend was $0.295 per share for the quarter which comes to $1.18 on an annualized basis. The dividend yield was $2.12. The ex-dividend date was Tuesday the 30th of August 2016.
Shares are trading at $58.42 just a bit higher than $52.08, the stock’s 50 day moving average and which is marginally lower than the 200 day moving average of $60.27. The 50 day moving average was up by +12.18% and the 200 day average moved down $-1.85.
The company’s P/E ratio is 16.94 and the market cap is 957.27M. As of the last earnings report the EPS was $3.45 and is expected to be $3.04 for the current year with 16,386,000 shares outstanding. Next quarter’s EPS is expected be $0.96 and the next full year EPS is anticipated to be $3.59.