Sun Hydraulics Corporation (SNHY) Shares Sold by Citadel Advisors LLC

Citadel Advisors LLC trimmed its position in shares of Sun Hydraulics Corporation (NASDAQ:SNHY) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,635 shares of the industrial products company’s stock after selling 966 shares during the period. Citadel Advisors LLC owned approximately 0.11% of Sun Hydraulics worth $1,600,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in SNHY. Schwab Charles Investment Management Inc. increased its holdings in shares of Sun Hydraulics by 5.8% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 100,337 shares of the industrial products company’s stock worth $3,624,000 after buying an additional 5,460 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of Sun Hydraulics by 15.1% during the 1st quarter. Bank of America Corp DE now owns 7,071 shares of the industrial products company’s stock worth $256,000 after buying an additional 925 shares during the last quarter. State Street Corp increased its holdings in Sun Hydraulics by 1.5% in the 1st quarter. State Street Corp now owns 416,491 shares of the industrial products company’s stock valued at $15,037,000 after purchasing an additional 6,254 shares in the last quarter. Russell Investments Group Ltd. increased its holdings in Sun Hydraulics by 0.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,731 shares of the industrial products company’s stock valued at $671,000 after purchasing an additional 71 shares in the last quarter. Finally, NGAM Advisors L.P. increased its holdings in Sun Hydraulics by 7.4% in the 2nd quarter. NGAM Advisors L.P. now owns 66,275 shares of the industrial products company’s stock valued at $2,828,000 after purchasing an additional 4,549 shares in the last quarter. Institutional investors and hedge funds own 79.46% of the company’s stock.

Shares of Sun Hydraulics Corporation (NASDAQ SNHY) opened at $58.29 on Wednesday. Sun Hydraulics Corporation has a twelve month low of $34.17 and a twelve month high of $63.63. The stock has a market capitalization of $1,600.85, a price-to-earnings ratio of 40.78 and a beta of 1.79. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.62 and a quick ratio of 1.96.

Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.07. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The firm had revenue of $88.00 million during the quarter, compared to the consensus estimate of $80.66 million. During the same period in the prior year, the firm earned $0.19 EPS. The firm’s quarterly revenue was up 94.7% compared to the same quarter last year. equities analysts anticipate that Sun Hydraulics Corporation will post 1.65 earnings per share for the current year.

SNHY has been the subject of several recent research reports. Robert W. Baird downgraded Sun Hydraulics from an “outperform” rating to a “neutral” rating and increased their price target for the company from $55.00 to $57.00 in a report on Friday, October 13th. Zacks Investment Research downgraded Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Sidoti initiated coverage on Sun Hydraulics in a report on Thursday, September 14th. They issued a “neutral” rating for the company. Finally, BidaskClub downgraded Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Two analysts have rated the stock with a hold rating, one has given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $60.00.

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Sun Hydraulics Profile

Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.

Institutional Ownership by Quarter for Sun Hydraulics (NASDAQ:SNHY)

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