Islay Capital Management LLC Has $777,000 Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Islay Capital Management LLC cut its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 21.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,252 shares of the industrial products company’s stock after selling 4,066 shares during the quarter. Islay Capital Management LLC owned approximately 0.09% of Hyster-Yale Materials Handling worth $777,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Meeder Asset Management Inc. lifted its holdings in shares of Hyster-Yale Materials Handling by 421.8% in the 4th quarter. Meeder Asset Management Inc. now owns 741 shares of the industrial products company’s stock worth $38,000 after purchasing an additional 599 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Hyster-Yale Materials Handling during the fourth quarter valued at about $76,000. US Bancorp DE increased its position in shares of Hyster-Yale Materials Handling by 29.1% during the fourth quarter. US Bancorp DE now owns 1,726 shares of the industrial products company’s stock worth $88,000 after acquiring an additional 389 shares in the last quarter. Quantbot Technologies LP raised its holdings in shares of Hyster-Yale Materials Handling by 1,613.2% in the 4th quarter. Quantbot Technologies LP now owns 3,238 shares of the industrial products company’s stock worth $165,000 after acquiring an additional 3,049 shares during the last quarter. Finally, Amundi lifted its position in Hyster-Yale Materials Handling by 111.6% in the 4th quarter. Amundi now owns 4,400 shares of the industrial products company’s stock valued at $221,000 after acquiring an additional 2,321 shares in the last quarter. 46.47% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Hyster-Yale Materials Handling Stock Performance

Shares of HY stock opened at $36.90 on Friday. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61. The firm has a 50-day moving average of $48.27 and a 200-day moving average of $54.27. Hyster-Yale Materials Handling, Inc. has a one year low of $34.92 and a one year high of $84.44. The company has a market cap of $652.93 million, a P/E ratio of 4.14 and a beta of 1.32.

Hyster-Yale Materials Handling Dividend Announcement

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

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.