Hyster-Yale Materials Handling, Inc. (NYSE:HY) Shares Bought by Sei Investments Co.

Sei Investments Co. increased its holdings in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY – Free Report) by 24.8% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 44,166 shares of the industrial products company’s stock after purchasing an additional 8,764 shares during the quarter. Sei Investments Co. owned about 0.25% of Hyster-Yale Materials Handling worth $3,080,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. CWM LLC raised its stake in Hyster-Yale Materials Handling by 0.5% in the second quarter. CWM LLC now owns 41,992 shares of the industrial products company’s stock worth $2,928,000 after buying an additional 192 shares during the last quarter. Summit Global Investments boosted its position in shares of Hyster-Yale Materials Handling by 2.4% in the second quarter. Summit Global Investments now owns 10,334 shares of the industrial products company’s stock worth $721,000 after acquiring an additional 240 shares during the last quarter. Mcdonald Partners LLC boosted its holdings in Hyster-Yale Materials Handling by 0.9% in the second quarter. Mcdonald Partners LLC now owns 40,256 shares of the industrial products company’s stock worth $2,807,000 after buying an additional 352 shares during the period. Janney Montgomery Scott LLC raised its position in Hyster-Yale Materials Handling by 5.1% in the first quarter. Janney Montgomery Scott LLC now owns 8,070 shares of the industrial products company’s stock worth $518,000 after purchasing an additional 395 shares in the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Hyster-Yale Materials Handling in the first quarter worth approximately $27,000. Institutional investors and hedge funds own 46.47% of the company’s shares.

Analysts set new price targets

Several analysts have recently issued reports on the stock. StockNews.com upgraded Hyster-Yale Materials Handling from a “hold” rating to a “buy” rating in a report on Tuesday, September 24th. Northland Capmk downgraded Hyster-Yale Materials Handling from a “buy-buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Finally, Roth Mkm restated a “buy” rating and issued a $84.00 price objective (down from $87.00) on shares of Hyster-Yale Materials Handling in a report on Thursday , August 8. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. Hyster-Yale Materials Handling currently has an average rating of “Moderate Buy” and a consensus price target of $87.00, based on data from MarketBeat.

Check out the latest stock analysis on HY

Hyster-Yale Material Handling Stock Performance

Shares of HY stock opened at $62.34 on Friday. The company has a current ratio of 1.31, a quick ratio of 0.63, and a debt-to-equity ratio of 0.53. The company has a market cap of $1.09 billion, a PE ratio of 7.22 and a beta of 1.31. The company’s fifty-day simple moving average is $63.12, and its 200-day simple moving average is $66.34. Hyster-Yale Materials Handling, Inc. it has a 52 week low of $38.50 and a 52 week high of $84.44.

Hyster-Yale Materials Handling (NYSE:HY – Get Your Free Report ) last issued its quarterly earnings data on Tuesday, August 6th. The industrial products company reported $3.58 EPS for the quarter, topping the consensus estimate of $2.28 by $1.30. Hyster-Yale Materials Handling had a return on equity of 44.49% and a net margin of 4.13%. The company had revenue of $1.17 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted earnings of $2.21 per share. As a group, equities research analysts anticipate that Hyster-Yale Materials Handling, Inc. will post 9.69 EPS for the current year.

Hyster-Yale Materials Handling Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Friday, August 30th were given a $0.35 dividend. This represents a dividend of $1.40 on an annualized basis and a yield of 2.25%. The ex-dividend date was Friday, August 30. Hyster-Yale Materials Handling’s dividend payout ratio is currently 16.22%.

Hyster-Yale Material Handling Profile

(Free Report)

Hyster-Yale, Inc, through its subsidiaries, designs, engineers, manufactures, sells and services a line of forklifts, attachments and spare parts worldwide. The company manufactures components such as frames, masts and transmissions; and assemble forklifts. It markets its products primarily under the Hyster and Yale brands to independent Hyster and Yale dealers.

Recommended articles

Want to see what other hedge funds hold HY? Visit HoldingsChannel.com to get the latest 13F filings and insider trading for Hyster-Yale Materials Handling, Inc. (NYSE:HY – Free Report).

Receive daily news and reviews for Hyster-Yale Materials Handling – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Hyster-Yale Materials Handling and related companies with MarketBeat.com’s FREE daily email newsletter .