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.

Hedge funds and other institutional investors have recently bought and sold shares of the business. O Shaughnessy Asset Management LLC bought a new stake in Hyster-Yale Materials Handling in the 3rd quarter valued at about $128,000. Acadian Asset Management LLC lifted its holdings in shares of Hyster-Yale Materials Handling by 162.5% during the 3rd quarter. Acadian Asset Management LLC now owns 2,441 shares of the industrial products company’s stock worth $150,000 after acquiring an additional 1,511 shares during the period. Global X Management Co LLC bought a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth approximately $231,000. Raymond James & Associates bought a new stake in shares of Hyster-Yale Materials Handling during the 2nd quarter worth approximately $237,000. Finally, Barclays PLC lifted its holdings in shares of Hyster-Yale Materials Handling by 40.5% during the 1st quarter. Barclays PLC now owns 3,772 shares of the industrial products company’s stock worth $263,000 after acquiring an additional 1,087 shares during the period. 50.45% of the stock is owned by hedge funds and other institutional investors.

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.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by Marea Informative and is the sole property of of Marea Informative. If you are reading this piece of content on another site, it was illegally stolen and reposted in violation of US & international copyright & trademark legislation. The original version of this piece of content can be viewed at https://www.mareainformativa.com/2018/11/10/alison-a-rankin-purchases-224-shares-of-hyster-yale-materials-handling-inc-hy-stock-updated-updated-updated.html.

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.

Featured Story: What is Compound Annual Growth Rate (CAGR)?

Insider Buying and Selling by Quarter for Hyster-Yale Materials Handling (NYSE:HY)

Receive News & Ratings for Hyster-Yale Materials Handling Daily - 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.