Hyster-Yale Materials Handling (NYSE:HY) Hits New 52-Week Low – Should You Sell?

Hyster-Yale Materials Handling, Inc. (NYSE:HY) shares reached a new 52-week low during trading on Friday . The company traded as low as $42.11 and last traded at $42.16, with a volume of 18034 shares trading hands. The stock had previously closed at $44.46.

Analyst Ratings Changes

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

Hyster-Yale Materials Handling Stock Down 5.7 %

The company has a market capitalization of $741.72 million, a PE ratio of 4.70 and a beta of 1.27. The company’s 50 day moving average is $49.68 and its two-hundred day moving average is $54.91. The company has a quick ratio of 0.61, a current ratio of 1.36 and a debt-to-equity ratio of 0.46.

Hyster-Yale Materials Handling Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 14th. Investors 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 yield of 3.34%. The ex-dividend date was Friday, February 28th. Hyster-Yale Materials Handling’s payout ratio is currently 17.37%.

Institutional Trading of Hyster-Yale Materials Handling

Several large investors have recently bought and sold shares of HY. Mattson Financial Services LLC acquired a new position in shares of Hyster-Yale Materials Handling in the 4th quarter valued at about $36,000. Shufro Rose & Co. LLC acquired a new stake in Hyster-Yale Materials Handling during the 4th quarter worth $458,000. Mackenzie Financial Corp purchased a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at about $242,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Hyster-Yale Materials Handling by 17.2% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 16,789 shares of the industrial products company’s stock worth $855,000 after acquiring an additional 2,468 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of Hyster-Yale Materials Handling by 118.2% in the fourth quarter. Two Sigma Advisers LP now owns 7,200 shares of the industrial products company’s stock valued at $367,000 after purchasing an additional 3,900 shares during the period. Hedge funds and other institutional investors 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.