Sun Hydraulics Co. (NASDAQ:SNHY) major shareholder Robert C. Koski sold 2,500 shares of the company’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $49.25, for a total transaction of $123,125.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Shares of NASDAQ SNHY traded down $0.01 during mid-day trading on Thursday, reaching $49.00. The company had a trading volume of 124,836 shares, compared to its average volume of 144,712. The company has a current ratio of 2.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. The stock has a market cap of $1.57 billion, a PE ratio of 21.30 and a beta of 1.67. Sun Hydraulics Co. has a 52 week low of $30.79 and a 52 week high of $58.13.
Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings results on Monday, February 25th. The industrial products company reported $0.41 EPS for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.02. The firm had revenue of $138.72 million for the quarter, compared to analysts’ expectations of $134.51 million. Sun Hydraulics had a net margin of 7.29% and a return on equity of 10.64%. The business’s revenue for the quarter was up 64.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.27 earnings per share. As a group, sell-side analysts forecast that Sun Hydraulics Co. will post 2.6 earnings per share for the current year.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC grew its holdings in shares of Sun Hydraulics by 11.5% in the fourth quarter. Geode Capital Management LLC now owns 336,504 shares of the industrial products company’s stock worth $11,168,000 after purchasing an additional 34,649 shares during the last quarter. Norges Bank bought a new position in Sun Hydraulics during the 4th quarter worth about $15,410,000. Dimensional Fund Advisors LP grew its holdings in Sun Hydraulics by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,035,053 shares of the industrial products company’s stock worth $34,354,000 after acquiring an additional 30,673 shares in the last quarter. Legal & General Group Plc grew its holdings in Sun Hydraulics by 33.0% during the 4th quarter. Legal & General Group Plc now owns 13,452 shares of the industrial products company’s stock worth $447,000 after acquiring an additional 3,335 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY grew its holdings in Sun Hydraulics by 373.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,120 shares of the industrial products company’s stock worth $303,000 after acquiring an additional 7,193 shares in the last quarter. Hedge funds and other institutional investors own 86.30% of the company’s stock.
A number of equities research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a research note on Saturday, January 26th. William Blair reiterated an “outperform” rating on shares of Sun Hydraulics in a research report on Tuesday, February 26th. Morgan Stanley initiated coverage on shares of Sun Hydraulics in a research report on Tuesday, December 18th. They set an “equal weight” rating and a $38.00 price objective on the stock. BidaskClub upgraded shares of Sun Hydraulics from a “hold” rating to a “buy” rating in a research report on Friday, March 1st. Finally, ValuEngine upgraded shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Three investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $51.17.
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Sun Hydraulics Company Profile
Helios Technologies designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.
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