Xact Kapitalforvaltning AB acquired a new position in Sun Hydraulics Co. (NASDAQ:SNHY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,158 shares of the industrial products company’s stock, valued at approximately $204,000.
A number of other hedge funds also recently bought and sold shares of SNHY. Oppenheimer Asset Management Inc. lifted its holdings in Sun Hydraulics by 191.8% in the third quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock worth $126,000 after purchasing an additional 1,536 shares during the period. Simplex Trading LLC acquired a new stake in Sun Hydraulics in the 4th quarter valued at about $156,000. Amalgamated Bank acquired a new stake in Sun Hydraulics in the 4th quarter valued at about $208,000. D.A. Davidson & CO. acquired a new stake in Sun Hydraulics in the 4th quarter valued at about $320,000. Finally, Metropolitan Life Insurance Co. NY acquired a new stake in Sun Hydraulics in the 4th quarter valued at about $479,000. 70.08% of the stock is owned by institutional investors and hedge funds.
NASDAQ SNHY opened at $54.27 on Thursday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.29 and a current ratio of 3.20. The stock has a market cap of $1,700.17, a price-to-earnings ratio of 33.92 and a beta of 1.66. Sun Hydraulics Co. has a 1 year low of $34.30 and a 1 year high of $70.83.
Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.03. The firm had revenue of $84.15 million for the quarter, compared to the consensus estimate of $83.79 million. Sun Hydraulics had a return on equity of 16.58% and a net margin of 9.20%. The business’s revenue for the quarter was up 68.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.18 EPS. sell-side analysts expect that Sun Hydraulics Co. will post 2.14 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, April 5th will be issued a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 4th. This represents a $0.36 annualized dividend and a yield of 0.66%. Sun Hydraulics’s payout ratio is presently 22.50%.
A number of brokerages have weighed in on SNHY. ValuEngine downgraded shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Stifel Nicolaus began coverage on shares of Sun Hydraulics in a report on Friday, March 23rd. They issued a “buy” rating and a $61.00 price target for the company. Zacks Investment Research downgraded shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating and set a $61.00 price target for the company. in a report on Friday, February 9th. BidaskClub raised shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Friday, March 23rd. Finally, SunTrust Banks began coverage on shares of Sun Hydraulics in a report on Monday, February 5th. They issued a “buy” rating for the company. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the company’s stock. Sun Hydraulics has an average rating of “Buy” and a consensus target price of $62.40.
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About Sun Hydraulics
Sun Hydraulics Corporation 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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