Gallacher Capital Management LLC Purchases 885 Shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Gallacher Capital Management LLC lifted its position in Hyster-Yale Materials Handling, Inc. (NYSE:HY) by 12.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,978 shares of the industrial products company’s stock after purchasing an additional 885 shares during the quarter. Gallacher Capital Management LLC’s holdings in Hyster-Yale Materials Handling were worth $406,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in HY. Segall Bryant & Hamill LLC bought a new stake in Hyster-Yale Materials Handling during the third quarter worth approximately $1,910,000. Empowered Funds LLC bought a new stake in Hyster-Yale Materials Handling during the fourth quarter worth approximately $1,243,000. Zacks Investment Management increased its stake in Hyster-Yale Materials Handling by 117.9% during 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. GSA Capital Partners LLP bought a new stake in Hyster-Yale Materials Handling during the third quarter worth approximately $866,000. Finally, FMR LLC increased its stake in Hyster-Yale Materials Handling by 31.9% during the third quarter. FMR LLC now owns 51,280 shares of the industrial products company’s stock worth $3,270,000 after acquiring an additional 12,390 shares during the last quarter. 46.47% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Hyster-Yale Materials Handling Trading Up 3.1 %

HY opened at $44.86 on Friday. The stock has a market cap of $793.82 million, a price-to-earnings ratio of 5.03 and a beta of 1.27. The stock’s 50 day moving average price is $51.00 and its 200-day moving average price is $55.97. Hyster-Yale Materials Handling, Inc. has a one year low of $42.59 and a one year high of $84.44. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.61 and a current ratio of 1.36.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 14th. Stockholders of record on Friday, February 28th were paid a dividend of $0.35 per share. The ex-dividend date of this dividend was Friday, February 28th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 3.12%. Hyster-Yale Materials Handling’s dividend payout ratio is 17.37%.

Hyster-Yale Materials Handling declared that its board has approved a share repurchase plan on Monday, November 18th that allows the company to buyback $50.00 million in outstanding shares. This buyback authorization allows the industrial products company to reacquire up to 5.2% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is 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.