Zacks Investment Research upgraded shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) from a strong sell rating to a hold rating in a research report sent to investors on Tuesday, October 17th.
According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “
Several other analysts have also recently commented on the company. BidaskClub upgraded Hollysys Automation Technologies from a strong sell rating to a sell rating in a report on Monday, July 24th. Deutsche Bank AG restated a buy rating and set a $25.00 target price (up previously from $23.00) on shares of Hollysys Automation Technologies in a report on Monday, October 2nd. TheStreet raised Hollysys Automation Technologies from a c+ rating to a b rating in a research note on Thursday, August 10th. JPMorgan Chase & Co. raised Hollysys Automation Technologies from a neutral rating to an overweight rating and set a $22.60 price target on the stock in a research note on Tuesday, August 15th. Finally, Instinet reaffirmed a reduce rating and set a $12.31 price target on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. Hollysys Automation Technologies has an average rating of Hold and a consensus price target of $19.65.
Hollysys Automation Technologies (HOLI) traded down 0.09% during midday trading on Tuesday, hitting $22.25. 108,336 shares of the stock were exchanged. The firm has a 50 day moving average of $21.23 and a 200-day moving average of $18.33. Hollysys Automation Technologies has a 12-month low of $15.08 and a 12-month high of $23.13. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 19.50 and a beta of 1.48.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Monday, August 14th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.15). The business had revenue of $137.96 million for the quarter, compared to the consensus estimate of $152.80 million. Hollysys Automation Technologies had a return on equity of 9.87% and a net margin of 15.96%. The business’s revenue was down 6.6% compared to the same quarter last year. On average, equities analysts expect that Hollysys Automation Technologies will post $1.69 earnings per share for the current year.
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The business also recently announced an annual dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be paid a $0.12 dividend. This represents a yield of 0.56%. The ex-dividend date of this dividend is Friday, October 13th. Hollysys Automation Technologies’s payout ratio is 10.43%.
Large investors have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new position in Hollysys Automation Technologies in the first quarter valued at about $179,000. KBC Group NV lifted its stake in Hollysys Automation Technologies by 265.7% in the first quarter. KBC Group NV now owns 16,269 shares of the industrial products company’s stock valued at $275,000 after buying an additional 11,820 shares during the period. Edinburgh Partners Ltd lifted its stake in Hollysys Automation Technologies by 22.0% in the second quarter. Edinburgh Partners Ltd now owns 18,300 shares of the industrial products company’s stock valued at $304,000 after buying an additional 3,300 shares during the period. BB&T Securities LLC acquired a new position in Hollysys Automation Technologies in the second quarter valued at about $308,000. Finally, HighTower Advisors LLC lifted its stake in Hollysys Automation Technologies by 56.6% in the first quarter. HighTower Advisors LLC now owns 20,296 shares of the industrial products company’s stock valued at $352,000 after buying an additional 7,336 shares during the period. 67.36% of the stock is currently owned by hedge funds and other institutional investors.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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