Isthmus Partners LLC Has $2.40 Million Position in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Isthmus Partners LLC lifted its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 0.5% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 47,184 shares of the industrial products company’s stock after buying an additional 238 shares during the quarter. Isthmus Partners LLC owned about 0.27% of Hyster-Yale Materials Handling worth $2,403,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of HY. Covestor Ltd grew its holdings in Hyster-Yale Materials Handling by 21,350.0% in the 3rd quarter. Covestor Ltd now owns 429 shares of the industrial products company’s stock valued at $27,000 after buying an additional 427 shares in the last quarter. Pinpoint Asset Management Ltd acquired a new position in shares of Hyster-Yale Materials Handling in the third quarter valued at about $32,000. US Bancorp DE increased its position in 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 during the period. Quest Partners LLC raised its stake in Hyster-Yale Materials Handling by 189.0% in the 3rd quarter. Quest Partners LLC now owns 2,552 shares of the industrial products company’s stock worth $163,000 after purchasing an additional 1,669 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA bought a new stake in Hyster-Yale Materials Handling in the 3rd quarter valued at about $231,000. Institutional investors own 46.47% of the company’s stock.

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 research report on Friday.

Hyster-Yale Materials Handling Trading Down 0.7 %

HY opened at $44.55 on Monday. 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, Inc. has a twelve month low of $42.59 and a twelve month high of $84.44. The stock has a market capitalization of $779.89 million, a price-to-earnings ratio of 5.00 and a beta of 1.27. The company has a 50-day simple moving average of $51.58 and a 200 day simple moving average of $56.50.

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 given a dividend of $0.35 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a $1.40 annualized dividend and a dividend yield of 3.14%. Hyster-Yale Materials Handling’s dividend payout ratio is 17.37%.

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

Hyster-Yale Materials Handling Company 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.