ValuEngine upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a buy rating to a strong-buy rating in a research note issued to investors on Wednesday.
Other research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Hollysys Automation Technologies from a hold rating to a buy rating and set a $28.00 target price for the company in a research report on Wednesday. JPMorgan Chase & Co. downgraded shares of Hollysys Automation Technologies from an overweight rating to a neutral rating and decreased their target price for the company from $27.00 to $25.00 in a research report on Friday, February 9th. Finally, BidaskClub raised shares of Hollysys Automation Technologies from a sell rating to a hold rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of Hold and a consensus price target of $22.58.
Hollysys Automation Technologies (NASDAQ:HOLI) opened at $26.04 on Wednesday. The firm has a market cap of $1,546.57, a price-to-earnings ratio of 16.59 and a beta of 1.61. Hollysys Automation Technologies has a 12-month low of $15.08 and a 12-month high of $27.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.90 and a quick ratio of 2.76.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its earnings results on Thursday, February 8th. The industrial products company reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.21. The business had revenue of $157.40 million during the quarter. Hollysys Automation Technologies had a net margin of 18.89% and a return on equity of 12.72%. The firm’s revenue for the quarter was up 58.8% on a year-over-year basis. During the same period last year, the business posted $0.18 EPS. equities analysts forecast that Hollysys Automation Technologies will post 1.83 EPS for the current year.
Several institutional investors and hedge funds have recently made changes to their positions in HOLI. FMR LLC grew its position in shares of Hollysys Automation Technologies by 23.7% in the 2nd quarter. FMR LLC now owns 70,851 shares of the industrial products company’s stock valued at $1,177,000 after acquiring an additional 13,560 shares during the period. California Public Employees Retirement System grew its position in shares of Hollysys Automation Technologies by 5.2% in the 2nd quarter. California Public Employees Retirement System now owns 281,300 shares of the industrial products company’s stock valued at $4,672,000 after acquiring an additional 13,900 shares during the period. Macquarie Group Ltd. bought a new position in shares of Hollysys Automation Technologies in the 2nd quarter valued at about $2,693,000. State Street Corp grew its position in shares of Hollysys Automation Technologies by 17.2% in the 2nd quarter. State Street Corp now owns 41,750 shares of the industrial products company’s stock valued at $693,000 after acquiring an additional 6,142 shares during the period. Finally, Hermes Investment Management Ltd. grew its position in shares of Hollysys Automation Technologies by 2.3% in the 3rd quarter. Hermes Investment Management Ltd. now owns 2,179,577 shares of the industrial products company’s stock valued at $47,101,000 after acquiring an additional 49,456 shares during the period. 68.76% of the stock is owned by institutional investors.
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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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