Curbstone Financial Management Corp Has $3.74 Million Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Curbstone Financial Management Corp trimmed its holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 2.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 73,490 shares of the industrial products company’s stock after selling 2,126 shares during the period. Curbstone Financial Management Corp’s holdings in Hyster-Yale Materials Handling were worth $3,743,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the stock. SG Americas Securities LLC bought a new position in Hyster-Yale Materials Handling in the third quarter valued at approximately $2,309,000. Segall Bryant & Hamill LLC acquired a new position in shares of Hyster-Yale Materials Handling during the 3rd quarter worth $1,910,000. Algert Global LLC lifted its position in shares of Hyster-Yale Materials Handling by 311.9% during the 2nd quarter. Algert Global LLC now owns 28,503 shares of the industrial products company’s stock worth $1,988,000 after buying an additional 21,583 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in Hyster-Yale Materials Handling in the second quarter valued at about $1,262,000. Finally, Zacks Investment Management lifted its holdings in shares of Hyster-Yale Materials Handling by 117.9% in the third quarter. Zacks Investment Management now owns 32,063 shares of the industrial products company’s stock worth $2,045,000 after acquiring an additional 17,347 shares during the last quarter. 46.47% of the stock is currently owned by institutional investors.

Hyster-Yale Materials Handling Stock Up 1.6 %

NYSE:HY opened at $54.28 on Tuesday. 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, Inc. has a one year low of $48.73 and a one year high of $84.44. The firm’s 50 day simple moving average is $53.26 and its 200 day simple moving average is $60.23. The company has a market cap of $950.37 million, a PE ratio of 6.09 and a beta of 1.27.

Hyster-Yale Materials Handling (NYSE:HY) last issued its quarterly earnings data on Tuesday, November 5th. The industrial products company reported $0.97 earnings per share for the quarter, missing the consensus estimate of $1.97 by ($1.00). The business had revenue of $1.02 billion during the quarter, compared to the consensus estimate of $1.06 billion. Hyster-Yale Materials Handling had a return on equity of 34.77% and a net margin of 3.68%. During the same period in the prior year, the firm earned $2.06 EPS. On average, research analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 8.85 earnings per share for the current year.

Hyster-Yale Materials Handling declared that its Board of Directors has initiated a share buyback program on Monday, November 18th that permits the company to repurchase $50.00 million in outstanding shares. This repurchase authorization permits the industrial products company to reacquire up to 5.2% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board believes its shares are undervalued.

Hyster-Yale Materials Handling Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 13th. Investors of record on Friday, November 29th were issued a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 2.58%. The ex-dividend date of this dividend was Friday, November 29th. Hyster-Yale Materials Handling’s payout ratio is presently 15.71%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HY shares. StockNews.com lowered shares of Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Roth Mkm dropped their price target on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating for the company in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

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.