New York Life Investment Management LLC Decreases Holdings in Hyster-Yale Materials Handling, Inc. (NYSE:HY)

Posted by Defense World Staff on Aug 16th, 2023

New York Life Investment Management LLC lessened its stake in shares of Hyster-Yale Materials Handling, Inc. (NYSE:HY – Free Report) by 43.3% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,685 shares of the industrial products company’s stock after selling 7,394 shares during the period. New York Life Investment Management LLC owned about 0.06% of Hyster-Yale Materials Handling worth $483,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Kohmann Bosshard Financial Services LLC purchased a new position in shares of Hyster-Yale Materials Handling in the first quarter worth about $319,000. Strs Ohio purchased a new stake in shares of Hyster-Yale Materials Handling in the 4th quarter valued at $508,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Hyster-Yale Materials Handling by 11.1% in the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 30,644 shares of the industrial products company’s stock valued at $1,529,000 after purchasing an additional 3,063 shares in the last quarter. HRT Financial LP bought a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at $736,000. Finally, Gladius Capital Management LP bought a new stake in Hyster-Yale Materials Handling during the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 52.79% of the company’s stock.

Hyster-Yale Materials Handling Price Performance

NYSE HY opened at $46.10 on Wednesday. Hyster-Yale Materials Handling, Inc. has a 12 month low of $20.99 and a 12 month high of $59.64. The stock has a market cap of $791.91 million, a price-to-earnings ratio of 23.05 and a beta of 1.34. The company’s 50 day moving average is $50.05 and its two-hundred day moving average is $46.67. The company has a current ratio of 1.13, a quick ratio of 0.53 and a debt-to-equity ratio of 0.86.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Hyster-Yale Materials Handling from a “buy” rating to a “strong-buy” rating in a report on Thursday, August 3rd.

View Our Latest Report on Hyster-Yale Materials Handling

Hyster-Yale Materials Handling Profile

(Free Report)

Hyster-Yale Materials Handling, 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.