Guggenheim Capital LLC grew its stake in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 23.3% during the fourth quarter, HoldingsChannel.com reports. The fund owned 151,549 shares of the industrial products company’s stock after acquiring an additional 28,627 shares during the period. Guggenheim Capital LLC’s holdings in Hollysys Automation Technologies were worth $3,375,000 at the end of the most recent quarter.
Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Hollysys Automation Technologies in the 4th quarter valued at approximately $162,000. Legal & General Group Plc raised its stake in shares of Hollysys Automation Technologies by 67.4% in the 3rd 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 period. Investors Research Corp purchased a new stake in shares of Hollysys Automation Technologies in the 4th quarter valued at approximately $398,000. BB&T Securities LLC raised its stake in shares of Hollysys Automation Technologies by 17.1% in the 3rd quarter. BB&T Securities LLC now owns 21,758 shares of the industrial products company’s stock valued at $470,000 after acquiring an additional 3,185 shares during the period. Finally, Eqis Capital Management Inc. raised its stake in shares of Hollysys Automation Technologies by 15.5% in the 4th quarter. Eqis Capital Management Inc. now owns 27,777 shares of the industrial products company’s stock valued at $619,000 after acquiring an additional 3,733 shares during the period. 68.26% of the stock is currently owned by institutional investors and hedge funds.
HOLI has been the topic of a number of research analyst reports. BidaskClub downgraded shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Saturday, December 9th. ValuEngine raised shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. JPMorgan Chase downgraded shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $27.00 to $25.00 in a research note on Friday, February 9th. Finally, Zacks Investment Research raised shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $28.00 target price on the stock in a research note on Wednesday, February 14th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, one has issued a buy rating and one has assigned a strong buy rating to the company. Hollysys Automation Technologies currently has a consensus rating of “Hold” and a consensus price target of $22.58.
Shares of HOLI opened at $24.70 on Friday. 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 market cap of $1,466.31, a P/E ratio of 21.29 and a beta of 1.57. The company has a current ratio of 2.90, a quick ratio of 2.76 and a debt-to-equity ratio of 0.03.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its earnings results on Thursday, February 8th. The industrial products company reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.21. Hollysys Automation Technologies had a net margin of 18.89% and a return on equity of 12.72%. The firm had revenue of $157.40 million for the quarter. During the same period in the previous year, the company earned $0.18 earnings per share. Hollysys Automation Technologies’s quarterly revenue was up 58.8% on a year-over-year basis. research analysts forecast that Hollysys Automation Technologies Ltd will post 1.83 earnings per share for the current fiscal year.
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Hollysys Automation Technologies 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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