STA Wealth Management LLC purchased a new position in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 35,477 shares of the industrial products company’s stock, valued at approximately $674,000. STA Wealth Management LLC owned 0.06% of Hollysys Automation Technologies at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of HOLI. Wells Fargo & Company MN grew its stake in Hollysys Automation Technologies by 34.2% in the 2nd quarter. Wells Fargo & Company MN now owns 2,215,249 shares of the industrial products company’s stock valued at $42,090,000 after buying an additional 564,070 shares in the last quarter. FIL Ltd grew its stake in Hollysys Automation Technologies by 17.1% in the 1st quarter. FIL Ltd now owns 2,266,022 shares of the industrial products company’s stock valued at $47,450,000 after buying an additional 330,523 shares in the last quarter. Blackcrane Capital LLC purchased a new position in Hollysys Automation Technologies in the 2nd quarter valued at approximately $6,246,000. Schroder Investment Management Group grew its stake in Hollysys Automation Technologies by 8.5% in the 2nd quarter. Schroder Investment Management Group now owns 2,099,082 shares of the industrial products company’s stock valued at $39,882,000 after buying an additional 165,129 shares in the last quarter. Finally, Manning & Napier Group LLC purchased a new position in Hollysys Automation Technologies in the 2nd quarter valued at approximately $2,186,000. 73.98% of the stock is currently owned by institutional investors.
A number of research firms recently weighed in on HOLI. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $17.00 price objective for the company in a research note on Saturday, August 17th. BidaskClub upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Thursday. ValuEngine lowered shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Wednesday, July 24th. Finally, TheStreet lowered shares of Hollysys Automation Technologies from a “b-” rating to a “c” rating in a research note on Monday, August 5th. Two investment analysts have rated the stock with a sell rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $21.50.
Hollysys Automation Technologies stock traded up $0.05 during mid-day trading on Monday, reaching $16.43. The company’s stock had a trading volume of 8,907 shares, compared to its average volume of 233,224. Hollysys Automation Technologies Ltd has a 12-month low of $13.59 and a 12-month high of $24.10. The company has a market capitalization of $995.04 million, a P/E ratio of 7.29 and a beta of 1.40. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.14 and a current ratio of 3.27. The firm’s fifty day moving average price is $16.08 and its two-hundred day moving average price is $18.79.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Wednesday, August 14th. The industrial products company reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.56 by ($0.14). The firm had revenue of $156.99 million for the quarter, compared to analysts’ expectations of $162.75 million. Hollysys Automation Technologies had a net margin of 21.96% and a return on equity of 15.13%. The firm’s revenue for the quarter was up 6.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.46 earnings per share. On average, research analysts predict that Hollysys Automation Technologies Ltd will post 2.4 EPS for the current fiscal year.
Hollysys Automation Technologies Profile
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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