Janus Henderson Group PLC Has $19.91 Million Stake in Sun Hydraulics Co. (SNHY)

Janus Henderson Group PLC trimmed its stake in Sun Hydraulics Co. (NASDAQ:SNHY) by 29.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 368,611 shares of the industrial products company’s stock after selling 151,506 shares during the period. Janus Henderson Group PLC owned 1.36% of Sun Hydraulics worth $19,905,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Oppenheimer Asset Management Inc. increased its stake in Sun Hydraulics by 191.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock worth $126,000 after buying an additional 1,536 shares in the last quarter. Royce & Associates LP grew its position in shares of Sun Hydraulics by 6.3% during the third quarter. Royce & Associates LP now owns 2,263,053 shares of the industrial products company’s stock valued at $122,205,000 after purchasing an additional 134,273 shares in the last quarter. RK Capital Management LLC grew its position in shares of Sun Hydraulics by 22.5% during the third quarter. RK Capital Management LLC now owns 205,961 shares of the industrial products company’s stock valued at $11,122,000 after purchasing an additional 37,861 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Sun Hydraulics by 0.3% during the third quarter. Dimensional Fund Advisors LP now owns 869,720 shares of the industrial products company’s stock valued at $46,965,000 after purchasing an additional 2,989 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its position in shares of Sun Hydraulics by 2.4% during the third quarter. Schwab Charles Investment Management Inc. now owns 109,051 shares of the industrial products company’s stock valued at $5,889,000 after purchasing an additional 2,550 shares in the last quarter. Hedge funds and other institutional investors own 79.46% of the company’s stock.

Sun Hydraulics Co. (SNHY) opened at $64.05 on Friday. 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 Co. has a 1-year low of $34.17 and a 1-year high of $64.15. The company has a market cap of $1,655.27, a PE ratio of 53.82 and a beta of 1.79.

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

The firm also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Investors of record on Friday, January 5th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.56%. The ex-dividend date is Thursday, January 4th. Sun Hydraulics’s payout ratio is 30.25%.

A number of brokerages have recently weighed in on SNHY. Zacks Investment Research upgraded Sun Hydraulics from a “hold” rating to a “strong-buy” rating and set a $63.00 price objective for the company in a research report on Tuesday, October 17th. BidaskClub lowered Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Robert W. Baird lowered Sun Hydraulics from an “outperform” rating to a “neutral” rating and raised their price objective for the company from $55.00 to $57.00 in a research report on Friday, October 13th. Finally, Sidoti started coverage on shares of Sun Hydraulics in a report on Thursday, September 14th. They issued a “neutral” rating for the company. Three research analysts have rated the stock with a hold rating and one has assigned a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price 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.

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

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