Sidoti upgraded shares of Sun Hydraulics (NASDAQ:SNHY) from a neutral rating to a buy rating in a report published on Tuesday, February 13th, Marketbeat Ratings reports. Sidoti currently has $69.00 price target on the industrial products company’s stock.
Several other research firms also recently commented on SNHY. Zacks Investment Research downgraded shares of Sun Hydraulics from a strong-buy rating to a hold rating in a report on Wednesday, January 10th. BidaskClub downgraded shares of Sun Hydraulics from a buy rating to a hold rating in a report on Saturday, January 6th. KeyCorp assumed coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They issued an overweight rating and a $67.00 price objective for the company. Finally, SunTrust Banks assumed coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They issued a buy rating for the company. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Sun Hydraulics has an average rating of Hold and an average price target of $63.50.
Shares of Sun Hydraulics (SNHY) opened at $56.66 on Tuesday. The stock has a market cap of $1,780.03, a P/E ratio of 47.61 and a beta of 1.68. Sun Hydraulics has a one year low of $34.17 and a one year high of $70.83. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.96 and a current ratio of 2.62.
A number of large investors have recently made changes to their positions in SNHY. Wasatch Advisors Inc. bought a new position in Sun Hydraulics in the 3rd quarter valued at $40,790,000. Janus Henderson Group PLC bought a new position in Sun Hydraulics in the 2nd quarter valued at $22,193,000. Conestoga Capital Advisors LLC boosted its holdings in Sun Hydraulics by 17.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,222,892 shares of the industrial products company’s stock valued at $79,109,000 after purchasing an additional 184,415 shares during the period. Royce & Associates LP boosted its holdings in Sun Hydraulics by 6.3% in the 3rd quarter. Royce & Associates LP now owns 2,263,053 shares of the industrial products company’s stock valued at $122,205,000 after purchasing an additional 134,273 shares during the period. Finally, WCM Investment Management CA boosted its holdings in Sun Hydraulics by 287.7% in the 4th quarter. WCM Investment Management CA now owns 127,860 shares of the industrial products company’s stock valued at $8,271,000 after purchasing an additional 94,885 shares during the period. 68.94% of the stock is owned by hedge funds and other institutional investors.
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Sun Hydraulics Company Profile
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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