3,991 Shares in Sun Hydraulics Co. (SNHY) Purchased by Private Advisor Group LLC

Private Advisor Group LLC acquired a new stake in shares of Sun Hydraulics Co. (NASDAQ:SNHY) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 3,991 shares of the industrial products company’s stock, valued at approximately $219,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in SNHY. Wasatch Advisors Inc. raised its stake in shares of Sun Hydraulics by 12.0% during the 2nd quarter. Wasatch Advisors Inc. now owns 2,314,584 shares of the industrial products company’s stock valued at $111,540,000 after buying an additional 248,891 shares during the last quarter. BlackRock Inc. raised its stake in shares of Sun Hydraulics by 11.3% during the 2nd quarter. BlackRock Inc. now owns 1,882,223 shares of the industrial products company’s stock valued at $90,703,000 after buying an additional 191,707 shares during the last quarter. Conestoga Capital Advisors LLC raised its stake in shares of Sun Hydraulics by 13.7% during the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,420,192 shares of the industrial products company’s stock valued at $77,798,000 after buying an additional 171,570 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Sun Hydraulics by 6.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 947,817 shares of the industrial products company’s stock valued at $45,676,000 after buying an additional 53,912 shares during the last quarter. Finally, Bank of America Corp DE raised its stake in shares of Sun Hydraulics by 30.3% during the 2nd quarter. Bank of America Corp DE now owns 105,491 shares of the industrial products company’s stock valued at $5,083,000 after buying an additional 24,526 shares during the last quarter. Institutional investors and hedge funds own 85.79% of the company’s stock.

In related news, Director Christine L. Koski sold 1,221 shares of Sun Hydraulics stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $53.57, for a total value of $65,408.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine L. Koski sold 7,500 shares of Sun Hydraulics stock in a transaction dated Thursday, September 6th. The shares were sold at an average price of $50.18, for a total value of $376,350.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 104,601 shares of company stock valued at $5,620,982. 7.80% of the stock is owned by company insiders.

Shares of Sun Hydraulics stock opened at $41.68 on Friday. The company has a quick ratio of 1.17, a current ratio of 2.14 and a debt-to-equity ratio of 0.68. Sun Hydraulics Co. has a twelve month low of $37.01 and a twelve month high of $70.83. The stock has a market capitalization of $1.32 billion, a P/E ratio of 26.05 and a beta of 1.71.

Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.44 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.02). Sun Hydraulics had a net margin of 7.29% and a return on equity of 10.64%. The business had revenue of $135.80 million during the quarter, compared to analysts’ expectations of $141.42 million. During the same quarter in the prior year, the firm earned $0.43 EPS. Sun Hydraulics’s revenue for the quarter was up 54.3% on a year-over-year basis. Analysts forecast that Sun Hydraulics Co. will post 1.74 earnings per share for the current fiscal year.

A number of equities analysts have weighed in on the company. BidaskClub upgraded Sun Hydraulics from a “hold” rating to a “buy” rating in a research note on Saturday, September 22nd. Robert W. Baird upgraded Sun Hydraulics from a “neutral” rating to an “outperform” rating and set a $55.00 price objective for the company in a research note on Thursday, September 20th. SunTrust Banks lifted their price objective on Sun Hydraulics to $62.00 and gave the company a “positive” rating in a research note on Thursday, October 4th. Zacks Investment Research upgraded Sun Hydraulics from a “strong sell” rating to a “hold” rating in a research note on Wednesday, September 12th. Finally, ValuEngine upgraded Sun Hydraulics from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $58.17.

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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.

See Also: Beta

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

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