Sun Hydraulics Co. (NASDAQ:SNHY) major shareholder Robert C. Koski sold 2,500 shares of the stock in a transaction on Friday, June 7th. The stock was sold at an average price of $45.16, for a total value of $112,900.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
NASDAQ:SNHY traded down $0.12 during mid-day trading on Wednesday, reaching $44.55. The company’s stock had a trading volume of 246 shares, compared to its average volume of 87,241. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. Sun Hydraulics Co. has a twelve month low of $30.79 and a twelve month high of $58.13. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 19.34 and a beta of 1.87.
Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.63. Sun Hydraulics had a return on equity of 12.57% and a net margin of 9.19%. The firm had revenue of $146.85 million for the quarter, compared to analyst estimates of $149.30 million. During the same period last year, the company earned $0.46 EPS. The firm’s quarterly revenue was up 50.9% on a year-over-year basis. As a group, research analysts forecast that Sun Hydraulics Co. will post 2.56 earnings per share for the current fiscal year.
A number of large investors have recently modified their holdings of SNHY. Norges Bank purchased a new stake in shares of Sun Hydraulics during the 4th quarter valued at about $15,410,000. Wasatch Advisors Inc. boosted its position in Sun Hydraulics by 5.7% during the 1st quarter. Wasatch Advisors Inc. now owns 3,066,038 shares of the industrial products company’s stock valued at $142,601,000 after purchasing an additional 164,200 shares during the period. BlackRock Inc. boosted its position in Sun Hydraulics by 4.3% during the 4th quarter. BlackRock Inc. now owns 1,987,634 shares of the industrial products company’s stock valued at $65,968,000 after purchasing an additional 82,056 shares during the period. Dimensional Fund Advisors LP boosted its position in Sun Hydraulics by 5.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,093,803 shares of the industrial products company’s stock valued at $50,873,000 after purchasing an additional 58,750 shares during the period. Finally, Loomis Sayles & Co. L P boosted its position in Sun Hydraulics by 22.3% during the 1st quarter. Loomis Sayles & Co. L P now owns 265,089 shares of the industrial products company’s stock valued at $12,329,000 after purchasing an additional 48,381 shares during the period. 84.56% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts have issued reports on the company. William Blair reiterated an “outperform” rating on shares of Sun Hydraulics in a research report on Tuesday, February 26th. BidaskClub upgraded Sun Hydraulics from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. Zacks Investment Research cut Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 1st. ValuEngine lowered Sun Hydraulics from a “hold” rating to a “sell” rating in a research note on Friday, March 15th. Finally, SunTrust Banks increased their price objective on Sun Hydraulics to $53.00 and gave the company a “buy” rating in a research note on Wednesday, February 27th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $47.80.
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Sun Hydraulics Company Profile
Sun Hydraulics Corp. engages in the development and manufacture of soolutions for both the hydraulics and electronics markets. It operates through the Hydraulics and Electronics segments. The Hydraulics segment provides screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems.
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