BidaskClub upgraded shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a sell rating to a hold rating in a research report released on Wednesday morning.
Several other research firms have also commented on HOLI. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a buy rating to a hold rating in a report on Tuesday, August 14th. JPMorgan Chase & Co. lowered shares of Hollysys Automation Technologies from an overweight rating to a neutral rating and set a $25.00 price target on the stock. in a report on Wednesday, August 15th. Finally, ValuEngine raised shares of Hollysys Automation Technologies from a sell rating to a hold rating in a report on Wednesday, September 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company currently has an average rating of Hold and an average price target of $26.00.
Shares of HOLI opened at $19.62 on Wednesday. The firm has a market cap of $1.18 billion, a PE ratio of 11.02 and a beta of 1.50. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.83 and a current ratio of 3.01. Hollysys Automation Technologies has a 1-year low of $16.00 and a 1-year high of $28.35.
Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Tuesday, August 14th. The industrial products company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.03). Hollysys Automation Technologies had a net margin of 19.82% and a return on equity of 13.36%. The business had revenue of $147.24 million during the quarter, compared to analysts’ expectations of $141.59 million. During the same period in the previous year, the company posted $0.37 earnings per share. Hollysys Automation Technologies’s revenue for the quarter was up 6.7% compared to the same quarter last year. Sell-side analysts anticipate that Hollysys Automation Technologies will post 2.12 EPS for the current fiscal year.
The firm also recently declared an annual dividend, which will be paid on Monday, November 12th. Shareholders of record on Monday, October 22nd will be issued a $0.18 dividend. This represents a yield of 0.85%. This is a positive change from Hollysys Automation Technologies’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Friday, October 19th. Hollysys Automation Technologies’s dividend payout ratio is presently 10.11%.
A number of large investors have recently bought and sold shares of the business. Todd Asset Management LLC boosted its holdings in Hollysys Automation Technologies by 0.6% in the second quarter. Todd Asset Management LLC now owns 551,258 shares of the industrial products company’s stock valued at $12,205,000 after purchasing an additional 3,355 shares during the last quarter. Navellier & Associates Inc boosted its stake in shares of Hollysys Automation Technologies by 5.1% during the 2nd quarter. Navellier & Associates Inc now owns 74,204 shares of the industrial products company’s stock worth $1,643,000 after acquiring an additional 3,632 shares in the last quarter. Pendal Group Ltd raised its position in shares of Hollysys Automation Technologies by 5.3% during the 2nd quarter. Pendal Group Ltd now owns 92,897 shares of the industrial products company’s stock worth $2,057,000 after purchasing an additional 4,645 shares during the last quarter. BB&T Securities LLC raised its position in shares of Hollysys Automation Technologies by 12.1% during the 2nd quarter. BB&T Securities LLC now owns 43,925 shares of the industrial products company’s stock worth $972,000 after purchasing an additional 4,734 shares during the last quarter. Finally, Ramsey Quantitative Systems acquired a new position in shares of Hollysys Automation Technologies during the 3rd quarter worth about $102,000. 70.39% of the stock is currently owned by institutional investors.
About Hollysys Automation Technologies
Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.
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