Hyster-Yale Materials Handling, (NYSE:HY) has been the object of insider buying activity recently. Today Alfred M. Et Al Rankin, Chairman disclosed the purchase of 9,381 shares of (HY). 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 reported the purchase of 1,488 shares of HY stock. The shares were bought on September 19th for an average price of $48.46. The Director now owns $202,417 of the stock according to the SEC filing.
Here are a few additional firms who have increased or decreased their stake in (HY). Royal Bank Of Canada bolstered its ownership by buying 3,313 shares an increase of 1,624.0%. Royal Bank Of Canada currently owns 3,517 shares worth $209,000. The total value of its holdings increased 1,392.9%. Ifp Advisors, Inc augmented its position by buying 100 shares an increase of 181.8% as of 06/30/2016. 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 quarter end Schwab Charles Investment Management Inc had bought 8,366 shares growing its holdings by 17.0%. The value of the company’s 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 stake by selling 33,310 shares a decrease of 38.2% in the quarter. Walthausen & Co., LLC claims 53,778 shares valued at $3,199,000. The value of the position overall is down by 44.8%.
On September 23, 2016 the stock rating was changed to a “Buy” in a report from Sidoti & Co. which was a boost from the previous “” rating. Berenberg starting coverage on HY with an initial rating of “Hold”.
Equity analyst Berenberg started coverage with a rating of “Hold” and setting a price target of $80.90. Global Hunter both downgraded the stock and lowered the price target on October 31 changing the price objective from $88.00 to $81.00 and changing the rating from “Speculative Buy” to “Neutral”.
On October 31 the stock rating was downgraded to “Neutral” from “Speculative Buy” with a current price target of $81.00 in a report issued by Global Hunter. On June 19, 2014 Global Hunter started covering the stock by announcing an initial rating of “Speculative Buy” and price target of $104.00.
The company is trading up since yesterday’s close of $56.08. Additionally the company declared a dividend for shareholders 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. This dividend amount represented a yeild of $2.12. The ex-dividend date was Tuesday the 30th of August 2016.
It is trading at $57.50 slightly over $52.02, the stock’s 50 day moving average and which is slightly below the 200 day moving average of $60.32. The 50 day moving average was up $5.56 or +10.68% and the 200 day average went down by -4.54%.
The most current P/E ratio is 16.70 and market capitalization is 943.51M. As of the last earnings report the EPS was $3.45 and is estimated 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 and the next full year EPS is projected to be $3.59.