Hussman Strategic Advisors Inc. Buys Shares of 6,300 Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Hussman Strategic Advisors Inc. bought a new stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 6,300 shares of the industrial products company’s stock, valued at approximately $321,000.

Other institutional investors have also recently bought and sold shares of the company. Segall Bryant & Hamill LLC acquired a new position in shares of Hyster-Yale Materials Handling during the 3rd quarter worth approximately $1,910,000. Empowered Funds LLC acquired a new position in shares of Hyster-Yale Materials Handling during the 4th quarter worth approximately $1,243,000. Zacks Investment Management increased its position in shares of Hyster-Yale Materials Handling by 117.9% during the 3rd quarter. Zacks Investment Management now owns 32,063 shares of the industrial products company’s stock worth $2,045,000 after purchasing an additional 17,347 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Hyster-Yale Materials Handling during the 3rd quarter worth approximately $866,000. Finally, FMR LLC increased its position in shares of 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 purchasing an additional 12,390 shares during the last quarter. Institutional investors own 46.47% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Roth Mkm decreased their target price on Hyster-Yale Materials Handling from $84.00 to $70.00 and set a “buy” rating on the stock in a report on Wednesday, November 6th. StockNews.com lowered Hyster-Yale Materials Handling from a “buy” rating to a “hold” rating in a report on Wednesday, November 6th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $80.00.

Hyster-Yale Materials Handling Stock Down 1.6 %

HY stock opened at $53.49 on Friday. The company has a current ratio of 1.36, a quick ratio of 0.61 and a debt-to-equity ratio of 0.46. The firm has a market capitalization of $936.57 million, a PE ratio of 6.00 and a beta of 1.26. Hyster-Yale Materials Handling, Inc. has a 1-year low of $48.73 and a 1-year high of $84.44. The business’s 50 day simple moving average is $52.16 and its 200 day simple moving average is $57.53.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, February 28th will be paid a $0.35 dividend. The ex-dividend date is Friday, February 28th. This represents a $1.40 annualized dividend and a yield of 2.62%. Hyster-Yale Materials Handling’s dividend payout ratio (DPR) is presently 15.71%.

Hyster-Yale Materials Handling announced that its board has initiated a stock buyback plan on Monday, November 18th that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the industrial products company to purchase up to 5.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

Hyster-Yale Materials Handling Profile

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.