Hyster-Yale Materials Handling (NYSE:HY) Hits New 1-Year Low – What’s Next?

Hyster-Yale Materials Handling, Inc. (NYSE:HY)’s stock price hit a new 52-week low during mid-day trading on Thursday . The company traded as low as $36.48 and last traded at $36.88, with a volume of 19841 shares traded. The stock had previously closed at $42.04.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a research note on Friday, March 7th.

Hyster-Yale Materials Handling Stock Performance

The firm has a market capitalization of $652.93 million, a price-to-earnings ratio of 4.14 and a beta of 1.32. The firm has a 50 day moving average price of $48.27 and a 200-day moving average price of $54.27. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.79%. The ex-dividend date of this dividend was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio is presently 17.37%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. A&I Financial Services LLC purchased a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at $492,000. Barclays PLC boosted its position in shares of Hyster-Yale Materials Handling by 19.0% in the 3rd quarter. Barclays PLC now owns 26,492 shares of the industrial products company’s stock valued at $1,690,000 after purchasing an additional 4,226 shares during the period. FMR LLC grew its stake in Hyster-Yale Materials Handling by 31.9% during the 3rd quarter. FMR LLC now owns 51,280 shares of the industrial products company’s stock worth $3,270,000 after buying an additional 12,390 shares during the last quarter. Hussman Strategic Advisors Inc. acquired a new position in Hyster-Yale Materials Handling during the fourth quarter worth approximately $321,000. Finally, Empowered Funds LLC purchased a new stake in Hyster-Yale Materials Handling in the fourth quarter valued at approximately $1,243,000. Institutional investors and hedge funds own 46.47% of the company’s stock.

About Hyster-Yale Materials Handling

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks, attachments, and aftermarket parts worldwide. The company manufactures components, such as frames, masts, and transmissions; and assembles lift trucks. It markets its products primarily under the Hyster and Yale brand names to independent Hyster and Yale retail dealerships.