Hyster-Yale Materials Handling Inc (NYSE:HY) Insider Alison A. Rankin Buys 224 Shares
Hyster-Yale Materials Handling Inc (NYSE:HY) insider Alison A. Rankin acquired 224 shares of the stock in a transaction dated Tuesday, October 16th. The shares were purchased at an average price of $62.90 per share, for a total transaction of $14,089.60. Following the completion of the purchase, the insider now directly owns 722 shares in the company, valued at $45,413.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of HY stock traded down $3.55 during midday trading on Friday, hitting $64.37. 45,000 shares of the company were exchanged, compared to its average volume of 52,397. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.83 and a current ratio of 1.49. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 15.85 and a beta of 1.17. Hyster-Yale Materials Handling Inc has a 52 week low of $56.40 and a 52 week high of $91.39.
Hyster-Yale Materials Handling (NYSE:HY) last posted its quarterly earnings data on Tuesday, October 30th. The industrial products company reported $0.93 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.33. The firm had revenue of $782.90 million during the quarter, compared to the consensus estimate of $761.20 million. Hyster-Yale Materials Handling had a net margin of 1.07% and a return on equity of 7.86%. The business’s revenue for the quarter was up 13.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.00 EPS.
Several brokerages recently commented on HY. TheStreet downgraded shares of Hyster-Yale Materials Handling from a “b” rating to a “c” rating in a report on Friday, August 3rd. ValuEngine raised shares of Hyster-Yale Materials Handling from a “sell” rating to a “hold” rating in a report on Friday, September 21st. Four research analysts have rated the stock with a hold rating, Hyster-Yale Materials Handling has an average rating of “Hold” and an average target price of $76.00.
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About Hyster-Yale Materials Handling
Hyster-Yale Materials Handling, Inc, through its subsidiaries, designs, engineers, manufactures, sells, and services a line of lift trucks and aftermarket parts worldwide. The company operates through five segments: the Americas, EMEA, JAPIC, Bolzoni, and Nuvera. It manufactures components, such as frames, masts, and transmissions; and assembles lift trucks.
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