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Hyster-Yale Materials Handling Inc (HY): Hedge Funds and Insiders Are Bullish, What Should You Do? – Oshkosh Corporation (OSK), Navistar International Corp (NAV)

Is Hyster-Yale Materials Handling Inc (NYSE:HY) the right pick for your portfolio? Hedge funds are getting more optimistic. The number of bullish hedge fund bets went up by 11 recently.

According to most shareholders, hedge funds are perceived as underperforming, outdated investment tools of yesteryear. While there are greater than 8000 funds in operation at the moment, we look at the moguls of this club, about 450 funds. It is estimated that this group oversees most of all hedge funds’ total capital, and by watching their top equity investments, we have discovered a number of investment strategies that have historically outpaced the market. Our small-cap hedge fund strategy outstripped the S&P 500 index by 18 percentage points per year for a decade in our back tests, and since we’ve started sharing our picks with our subscribers at the end of August 2012, we have beaten the S&P 500 index by 24 percentage points in 7 months (see the details here).

Just as important, bullish insider trading activity is another way to break down the stock market universe. Obviously, there are many motivations for an executive to sell shares of his or her company, but only one, very obvious reason why they would buy. Many empirical studies have demonstrated the valuable potential of this strategy if piggybackers know what to do (learn more here).

With these “truths” under our belt, it’s important to take a look at the recent action encompassing Hyster-Yale Materials Handling Inc (NYSE:HY).

What does the smart money think about Hyster-Yale Materials Handling Inc (NYSE:HY)?


According to our comprehensive database, Impala Asset Management, managed by Robert Bishop, holds the most valuable position in Hyster-Yale Materials Handling Inc (NYSE:HY). Impala Asset Management has a $23.8 million position in the stock, comprising 1.3% of its 13F portfolio. On Impala Asset Management’s heels is Diamond Hill Capital, managed by Ric Dillon, which held a $9 million position; the fund has 0.1% of its 13F portfolio invested in the stock. Some other hedge funds that are bullish include Martin Whitman’s Third Avenue Management, Cliff Asness’s AQR Capital Management and David Dreman’s Dreman Value Management.

As one would reasonably expect, some big names have jumped into Hyster-Yale Materials Handling Inc (NYSE:HY) headfirst. Impala Asset Management, managed by Robert Bishop, initiated the most outsized position in Hyster-Yale Materials Handling Inc (NYSE:HY). Impala Asset Management had 23.8 million invested in the company at the end of the quarter. Ric Dillon’s Diamond Hill Capital also made a $9 million investment in the stock during the quarter. The other funds with new positions in the stock are Martin Whitman’s Third Avenue Management, Cliff Asness’s AQR Capital Management, and David Dreman’s Dreman Value Management.

What do corporate executives and insiders think about Hyster-Yale Materials Handling Inc (NYSE:HY)?

Insider buying is best served when the company we’re looking at has seen transactions within the past half-year. Over the last 180-day time frame, Hyster-Yale Materials Handling Inc (NYSE:HY) has experienced 2 unique insiders buying, and zero insider sales (see the details of insider trades here).

Let’s go over hedge fund and insider activity in other stocks similar to Hyster-Yale Materials Handling Inc (NYSE:HY). These stocks are Oshkosh Corporation (NYSE:OSK), Spartan Motors Inc (NASDAQ:SPAR), Navistar International Corp (NYSE:NAV), Accuride Corporation (NYSE:ACW), and Wabash National Corporation (NYSE:WNC). This group of stocks belong to the trucks & other vehicles industry and their market caps resemble HY’s market cap.

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