XTX Topco Ltd Buys New Stake in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

XTX Topco Ltd bought a new position in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 8,679 shares of the industrial products company’s stock, valued at approximately $442,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in HY. JPMorgan Chase & Co. grew its holdings in Hyster-Yale Materials Handling by 165.5% in the 4th quarter. JPMorgan Chase & Co. now owns 63,231 shares of the industrial products company’s stock valued at $3,220,000 after buying an additional 39,415 shares during the last quarter. American Century Companies Inc. increased its position in Hyster-Yale Materials Handling by 15.8% during the fourth quarter. American Century Companies Inc. now owns 274,924 shares of the industrial products company’s stock worth $14,002,000 after acquiring an additional 37,432 shares during the period. Renaissance Technologies LLC raised its stake in Hyster-Yale Materials Handling by 76.3% during the 4th quarter. Renaissance Technologies LLC now owns 80,900 shares of the industrial products company’s stock valued at $4,120,000 after purchasing an additional 35,000 shares during the last quarter. Brightline Capital Management LLC acquired a new stake in Hyster-Yale Materials Handling in the 4th quarter worth $1,528,000. Finally, Empowered Funds LLC bought a new position in shares of Hyster-Yale Materials Handling during the 4th quarter worth about $1,243,000. 46.47% of the stock is owned by institutional investors and hedge funds.

Hyster-Yale Materials Handling Trading Down 2.7 %

Shares of Hyster-Yale Materials Handling stock opened at $37.22 on Tuesday. The company’s fifty day moving average price is $44.34 and its two-hundred day moving average price is $51.98. The firm has a market capitalization of $658.68 million, a PE ratio of 4.18 and a beta of 1.32. Hyster-Yale Materials Handling, Inc. has a 52-week low of $34.13 and a 52-week high of $84.44. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.36 and a quick ratio of 0.61.

Hyster-Yale Materials Handling Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 14th. Shareholders of record on Friday, February 28th were paid a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date was Friday, February 28th. Hyster-Yale Materials Handling’s dividend payout ratio is 17.37%.

Analyst Ratings Changes

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

Hyster-Yale Materials Handling 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.