Cutler Group LP Purchases New Holdings in Sun Hydraulics Co. (SNHY)

Cutler Group LP purchased a new stake in Sun Hydraulics Co. (NASDAQ:SNHY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 800 shares of the industrial products company’s stock, valued at approximately $26,000.

Other large investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Sun Hydraulics by 26.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,193 shares of the industrial products company’s stock valued at $73,000 after purchasing an additional 465 shares during the period. Clearstead Advisors LLC bought a new stake in shares of Sun Hydraulics during the 3rd quarter worth $205,000. Private Advisor Group LLC bought a new stake in shares of Sun Hydraulics during the 3rd quarter worth $219,000. Truvestments Capital LLC bought a new stake in shares of Sun Hydraulics during the 3rd quarter worth $222,000. Finally, D.A. Davidson & CO. bought a new stake in shares of Sun Hydraulics during the 3rd quarter worth $223,000. 87.07% of the stock is owned by hedge funds and other institutional investors.

SNHY has been the subject of a number of research analyst reports. SunTrust Banks dropped their price objective on shares of Sun Hydraulics to $46.00 and set an “accumulate” rating for the company in a report on Wednesday, November 7th. Robert W. Baird set a $44.00 price objective on shares of Sun Hydraulics and gave the stock a “buy” rating in a report on Friday, January 25th. TheStreet downgraded shares of Sun Hydraulics from a “b-” rating to a “c+” rating in a report on Wednesday, February 6th. Morgan Stanley initiated coverage on shares of Sun Hydraulics in a report on Tuesday, December 18th. They set an “equal weight” rating and a $38.00 price objective for the company. Finally, BidaskClub raised shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Saturday, November 3rd. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Sun Hydraulics has an average rating of “Hold” and an average target price of $53.71.

Shares of NASDAQ:SNHY opened at $34.20 on Wednesday. The firm has a market capitalization of $1.07 billion, a P/E ratio of 21.41 and a beta of 1.67. Sun Hydraulics Co. has a 52 week low of $30.79 and a 52 week high of $58.39. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 2.14.

The firm also recently announced a quarterly dividend, which was paid on Sunday, January 20th. Investors of record on Saturday, January 5th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.05%. The ex-dividend date of this dividend was Thursday, January 3rd. Sun Hydraulics’s payout ratio is presently 22.50%.

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Sun Hydraulics Company Profile

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

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