Sidoti & Co. Upgrades Hyster-Yale Materials Handling Inc to Buy

Brokerage firm Sidoti & Co. Upgrades its rating on Hyster-Yale Materials Handling Inc(NYSE:HY). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by Sidoti & Co. was issued on Sep 23, 2016.

Hyster-Yale Materials Handling Inc (HY) made into the market gainers list on Tuesdays trading session with the shares advancing 2.50% or 1.4 points. Due to strong positive momentum, the stock ended at $57.48, which is also near the day’s high of $58.07. The stock began the session at $56.09 and the volume stood at 1,33,240 shares. The 52-week high of the shares is $70.19 and the 52 week low is $44.41. The company has a current market capitalization of $942 M and it has 1,63,86,148 shares in outstanding.

Hyster-Yale Materials Handling Inc(HY) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $645.60M. Analysts had an estimated revenue of $632.33M. Earnings per share were $0.73. Analysts had estimated an EPS of $0.85.

Several Insider Transactions has been reported to the SEC. On Sep 22, 2016, Alfred M Et Al Rankin (Chairman) purchased 18,762 shares at $48.47 per share price.Also, On May 12, 2015, Gregory Breier (Vice President-Tax) sold 1,250 shares at $74.00 per share price.

Hyster-Yale Materials Handling Inc. is an integrated designer engineer manufacturer seller and servicer of lift trucks and aftermarket parts. The Company along with its subsidiaries NACCO Materials Handling Group Inc. provides lift trucks and aftermarket parts marketed under the Hyster and Yale brand names. The Company operates in four segments: the Americas Europe Asia-Pacific and Nuvera. The Company’s lift truck business includes the following three management units: the Americas Europe and Asia-Pacific segments. The Americas segment includes its operations in the United States Canada Mexico Brazil and Latin America among others. The Europe segment includes its operations in Europe the Middle East and Africa. The Asia-Pacific segment includes its operations in the Asia-Pacific region including China. The Company’s Nuvera segment is focused on fuel cell stacks and related systems.

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