Royce & Associates LP Lowers Holdings in Hollysys Automation Technologies Ltd (HOLI)

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Royce & Associates LP reduced its holdings in shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 26.2% during the 2nd quarter, Holdings Channel reports. The firm owned 125,580 shares of the industrial products company’s stock after selling 44,682 shares during the period. Royce & Associates LP’s holdings in Hollysys Automation Technologies were worth $2,780,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the business. Franklin Resources Inc. grew its position in Hollysys Automation Technologies by 1.0% during the 1st quarter. Franklin Resources Inc. now owns 2,802,995 shares of the industrial products company’s stock worth $69,290,000 after purchasing an additional 28,946 shares during the last quarter. Jupiter Asset Management Ltd. lifted its stake in shares of Hollysys Automation Technologies by 1.4% in the 1st quarter. Jupiter Asset Management Ltd. now owns 1,493,229 shares of the industrial products company’s stock worth $36,913,000 after acquiring an additional 20,595 shares during the period. Wells Fargo & Company MN lifted its stake in shares of Hollysys Automation Technologies by 65.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,356,737 shares of the industrial products company’s stock worth $30,038,000 after acquiring an additional 537,268 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Hollysys Automation Technologies by 17.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,222,123 shares of the industrial products company’s stock worth $27,058,000 after acquiring an additional 185,807 shares during the period. Finally, FIL Ltd lifted its stake in shares of Hollysys Automation Technologies by 43.3% in the 1st quarter. FIL Ltd now owns 1,140,366 shares of the industrial products company’s stock worth $28,190,000 after acquiring an additional 344,451 shares during the period. 70.50% of the stock is currently owned by institutional investors.

HOLI stock opened at $20.75 on Thursday. Hollysys Automation Technologies Ltd has a one year low of $16.00 and a one year high of $28.35. The firm has a market capitalization of $1.31 billion, a PE ratio of 12.19 and a beta of 1.62. The company has a quick ratio of 2.83, a current ratio of 3.01 and a debt-to-equity ratio of 0.03.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its earnings results on Tuesday, August 14th. The industrial products company reported $0.46 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.03). Hollysys Automation Technologies had a return on equity of 13.36% and a net margin of 19.82%. The firm had revenue of $147.24 million during the quarter, compared to analyst estimates of $141.59 million. During the same quarter last year, the business posted $0.37 EPS. The firm’s revenue was up 6.7% on a year-over-year basis. research analysts expect that Hollysys Automation Technologies Ltd will post 2.12 EPS for the current year.

HOLI has been the subject of several recent analyst reports. Zacks Investment Research cut shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. BidaskClub upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. JPMorgan Chase & Co. cut shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 target price for the company. in a research note on Wednesday, August 15th. ValuEngine cut shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research note on Wednesday, June 27th. Finally, Citigroup upgraded shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating in a research note on Tuesday, May 15th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $25.67.

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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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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