StockNews.com began coverage on shares of Hyster-Yale Materials Handling (NYSE:HY – Get Rating) in a research report released on Thursday morning. The brokerage issued a strong-buy rating on the industrial products company’s stock.
Separately, EF Hutton Acquisition Co. I reaffirmed a buy rating and set a $75.00 price objective on shares of Hyster-Yale Materials Handling in a report on Wednesday, March 1st.
Hyster-Yale Materials Handling Stock Down 5.3 %
Shares of HY opened at $42.37 on Thursday. Hyster-Yale Materials Handling has a 1 year low of $20.99 and a 1 year high of $48.80. The business’s 50 day simple moving average is $35.08 and its 200-day simple moving average is $30.31. The company has a quick ratio of 0.49, a current ratio of 1.09 and a debt-to-equity ratio of 1.27.
Hyster-Yale Materials Handling Announces Dividend
In other news, insider Martha S. Kelly sold 1,500 shares of the business’s stock in a transaction that occurred on Friday, March 3rd. The stock was sold at an average price of $45.72, for a total transaction of $68,580.00. Following the transaction, the insider now owns 8,500 shares of the company’s stock, valued at approximately $388,620. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 18.05% of the company’s stock.
Hedge Funds Weigh In On Hyster-Yale Materials Handling
Several hedge funds have recently bought and sold shares of the business. State of Wyoming bought a new position in Hyster-Yale Materials Handling in the 4th quarter valued at $52,000. State of Wisconsin Investment Board grew its position in Hyster-Yale Materials Handling by 3.4% in the 4th quarter. State of Wisconsin Investment Board now owns 25,146 shares of the industrial products company’s stock valued at $636,000 after acquiring an additional 832 shares during the last quarter. Millennium Management LLC grew its position in Hyster-Yale Materials Handling by 36.9% in the 4th quarter. Millennium Management LLC now owns 60,944 shares of the industrial products company’s stock valued at $1,542,000 after acquiring an additional 16,441 shares during the last quarter. Morgan Stanley grew its position in Hyster-Yale Materials Handling by 6.2% in the 4th quarter. Morgan Stanley now owns 62,527 shares of the industrial products company’s stock valued at $1,583,000 after acquiring an additional 3,665 shares during the last quarter. Finally, Norges Bank bought a new position in Hyster-Yale Materials Handling in the 4th quarter valued at $992,000. Institutional investors own 42.57% of the company’s stock.
Hyster-Yale Materials Handling Company Profile
Hyster-Yale Materials Handling, Inc engages in the manufacture of lift trucks. The firm provides an array of solutions aimed at meeting the specific materials handling needs of its customers including attachments and hydrogen fuel cell power products, telematics, automation and fleet management services, and a variety of other power options for its lift trucks.
- Get a free copy of the StockNews.com research report on Hyster-Yale Materials Handling (HY)
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