Hyster-Yale Materials Handling, (NYSE:HY) has been the object of insider buying activity recently. Alfred M. Et Al Rankin, Chairman acquired $454,603 worth of shares at an average price of $48.46 on September 19th. That brings the Chairman’s holdings to $145 as recorded in a recent Form 4 SEC filing. Today Claiborne R. Rankin, Director disclosed the purchase of 1,488 shares. The shares were bought on September 19th for an average price of $48.46. The Director now owns $202,417 of the stock per the Form 4 SEC filing.
Here are a few other firms who have also updated their positions. As of the end of the quarter Royal Bank Of Canada had bought 3,313 shares growing its holdings by 1,624.0%. The value of the investment in HY increased 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 stake by 181.8%. The value of the investment in Hyster-Yale Materials Handling, went from $4,000 to $9,000 a change of $5,000 quarter to quarter.
Schwab Charles Investment Management Inc augmented its position by buying 8,366 shares an increase of 17.0% in the quarter. Schwab Charles Investment Management Inc controls 57,572 shares with a value of $3,425,000. The total value of its holdings increased 32.7%. Walthausen & Co., LLC trimmed its investment by selling 33,310 shares a decrease of 38.2% as of 06/30/2016. Walthausen & Co., LLC currently owns 53,778 shares worth $3,199,000. The value of the position overall is down by 44.8%.
On September 23 the company was set at “Buy” by Sidoti & Co. which is up from the previous “” rating. Berenberg started covering the stock with a rating of “Hold”.
On April 23, 2015 Berenberg initiated coverage with an initial rating of “Hold” and a price target of $80.90. On October 31 the stock rating was downgraded from “Speculative Buy” to “Neutral” and a price target of $81.00 was set in an announcement from Global Hunter.
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 altering the rating from “Speculative Buy” to “Neutral”. On June 19 analysts at Global Hunter started coverage by announcing an initial rating of “Speculative Buy” and projecting a price target of $104.00.
The company is now up since yesterday’s close of $57.48. The company also declared a dividend paid on Thursday September 15th, 2016. The dividend payment 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 set for Tuesday the 30th of August 2016.
Company chares are trading at $58.42 which is just over the 50 day moving average which is $52.08 and which is just under the 200 day moving average of $60.27. The 50 day moving average moved up $6.34 and the 200 day average was down $-1.85.
The most current 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 currently outstanding. Analysts expect next quarter’s EPS to be $0.96 and the next full year EPS is anticipated to be $3.59.