Hyster-Yale Materials Handling (NYSE:HY) Reaches New 12-Month Low – Should You Sell?

Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) hit 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.

Wall Street Analysts Forecast Growth

Separately, StockNews.com downgraded 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 Trading Down 5.7 %

The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36. The firm has a market cap of $741.72 million, a P/E ratio of 4.70 and a beta of 1.27. The firm has a 50 day simple moving average of $49.92 and a 200 day simple moving average of $55.03.

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 paid a $0.35 dividend. This represents a $1.40 annualized dividend and a yield of 3.34%. 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

Institutional investors have recently made changes to their positions in the company. Point72 Asia Singapore Pte. Ltd. bought a new stake in Hyster-Yale Materials Handling during the fourth quarter valued at $27,000. Pinpoint Asset Management Ltd bought a new stake in shares of Hyster-Yale Materials Handling during the 3rd quarter valued at about $32,000. Mattson Financial Services LLC purchased a new position in shares of Hyster-Yale Materials Handling during the fourth quarter worth about $36,000. Meeder Asset Management Inc. increased its position in shares of Hyster-Yale Materials Handling by 421.8% in the fourth 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 during the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Hyster-Yale Materials Handling in the fourth quarter worth approximately $76,000. 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.