Vident Investment Advisory LLC increased its position in shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 22.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,421,665 shares of the industrial products company’s stock after purchasing an additional 262,726 shares during the quarter. Hollysys Automation Technologies accounts for 1.4% of Vident Investment Advisory LLC’s investment portfolio, making the stock its 9th biggest holding. Vident Investment Advisory LLC owned approximately 2.36% of Hollysys Automation Technologies worth $31,660,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in the business. State Street Corp grew its position in shares of Hollysys Automation Technologies by 17.2% in the second quarter. State Street Corp now owns 41,750 shares of the industrial products company’s stock valued at $693,000 after purchasing an additional 6,142 shares during the period. First Trust Advisors LP boosted its holdings in Hollysys Automation Technologies by 20.1% in the third quarter. First Trust Advisors LP now owns 139,666 shares of the industrial products company’s stock valued at $3,018,000 after acquiring an additional 23,400 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Hollysys Automation Technologies by 65.4% in the third quarter. Bank of New York Mellon Corp now owns 923,188 shares of the industrial products company’s stock valued at $19,950,000 after acquiring an additional 364,971 shares during the last quarter. Nordea Investment Management AB boosted its holdings in Hollysys Automation Technologies by 4.7% in the third quarter. Nordea Investment Management AB now owns 582,375 shares of the industrial products company’s stock valued at $12,585,000 after acquiring an additional 25,900 shares during the last quarter. Finally, Legal & General Group Plc boosted its holdings in Hollysys Automation Technologies by 67.4% in the third quarter. Legal & General Group Plc now owns 7,346 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 2,957 shares during the last quarter. 68.26% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on the company. BidaskClub cut Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Thursday, March 22nd. Zacks Investment Research cut Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Thursday, February 15th. ValuEngine upgraded Hollysys Automation Technologies from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, February 14th. Finally, JPMorgan Chase cut Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $27.00 to $25.00 in a research note on Friday, February 9th. One analyst has rated the stock with a sell rating, three have given a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. Hollysys Automation Technologies currently has a consensus rating of “Hold” and an average target price of $22.58.
Shares of Hollysys Automation Technologies stock opened at $24.70 on Friday. The stock has a market capitalization of $1,466.31, a P/E ratio of 21.29 and a beta of 1.57. Hollysys Automation Technologies Ltd has a fifty-two week low of $15.08 and a fifty-two week high of $28.35. 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 posted its earnings results on Thursday, February 8th. The industrial products company reported $0.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.21. The company had revenue of $157.40 million during the quarter. Hollysys Automation Technologies had a return on equity of 12.72% and a net margin of 18.89%. The firm’s revenue for the quarter was up 58.8% compared to the same quarter last year. During the same period last year, the company posted $0.18 earnings per share. equities research analysts anticipate that Hollysys Automation Technologies Ltd will post 1.83 earnings per share for the current fiscal year.
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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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