Sun Hydraulics Co. (NASDAQ:SNHY) Director Christine L. Koski sold 7,500 shares of the stock in a transaction on Thursday, September 6th. The stock was sold at an average price of $50.18, for a total value of $376,350.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.
SNHY traded up $0.40 during trading on Friday, reaching $50.24. The stock had a trading volume of 91,500 shares, compared to its average volume of 177,843. The company has a current ratio of 1.78, a quick ratio of 1.06 and a debt-to-equity ratio of 0.70. The company has a market cap of $1.58 billion, a price-to-earnings ratio of 31.31 and a beta of 1.76. Sun Hydraulics Co. has a one year low of $45.44 and a one year high of $70.83.
Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). Sun Hydraulics had a net margin of 8.08% and a return on equity of 11.79%. The company had revenue of $136.20 million for the quarter, compared to the consensus estimate of $139.80 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. Sun Hydraulics’s revenue was up 52.5% compared to the same quarter last year. analysts predict that Sun Hydraulics Co. will post 1.81 EPS for the current year.
Large investors have recently modified their holdings of the company. Stratos Wealth Partners LTD. bought a new position in shares of Sun Hydraulics during the first quarter valued at $105,000. SG Americas Securities LLC bought a new position in shares of Sun Hydraulics during the first quarter valued at $100,000. Royal Bank of Canada increased its holdings in shares of Sun Hydraulics by 112.4% during the first quarter. Royal Bank of Canada now owns 562,455 shares of the industrial products company’s stock valued at $30,125,000 after acquiring an additional 297,681 shares in the last quarter. Navellier & Associates Inc bought a new position in shares of Sun Hydraulics during the first quarter valued at $1,037,000. Finally, Xact Kapitalforvaltning AB increased its holdings in shares of Sun Hydraulics by 69.7% during the first quarter. Xact Kapitalforvaltning AB now owns 5,358 shares of the industrial products company’s stock valued at $287,000 after acquiring an additional 2,200 shares in the last quarter. Hedge funds and other institutional investors own 85.72% of the company’s stock.
SNHY has been the subject of a number of research reports. Zacks Investment Research downgraded Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. BidaskClub upgraded Sun Hydraulics from a “strong sell” rating to a “sell” rating in a report on Saturday, May 19th. SunTrust Banks decreased their price objective on Sun Hydraulics to $59.00 and set a “$49.53” rating for the company in a report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Robert W. Baird set a $50.00 price objective on Sun Hydraulics and gave the stock a “hold” rating in a report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $59.50.
About Sun Hydraulics
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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