Sun Hydraulics Corporation (SNHY) Upgraded by BidaskClub to Sell
Sun Hydraulics Corporation (NASDAQ:SNHY) was upgraded by analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a report released on Friday.
SNHY has been the subject of a number of other research reports. Zacks Investment Research raised Sun Hydraulics Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. TheStreet raised Sun Hydraulics Corporation from a “c” rating to a “b” rating in a research note on Monday, May 8th.
Sun Hydraulics Corporation (SNHY) traded down 1.70% during trading on Friday, hitting $46.88. The stock had a trading volume of 52,672 shares. The company has a market cap of $1.27 billion, a price-to-earnings ratio of 49.35 and a beta of 1.81. Sun Hydraulics Corporation has a 52 week low of $28.46 and a 52 week high of $48.44. The company has a 50-day moving average of $42.44 and a 200 day moving average of $39.65.
Sun Hydraulics Corporation (NASDAQ:SNHY) last announced its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.39 by $0.13. Sun Hydraulics Corporation had a return on equity of 13.25% and a net margin of 9.63%. The firm had revenue of $89.30 million during the quarter, compared to analysts’ expectations of $79.18 million. During the same quarter last year, the firm posted $0.26 earnings per share. The company’s revenue for the quarter was up 75.8% compared to the same quarter last year. On average, equities research analysts anticipate that Sun Hydraulics Corporation will post $1.56 EPS for the current year.
In other Sun Hydraulics Corporation news, Director Allen J. Carlson sold 9,000 shares of the business’s stock in a transaction on Wednesday, May 24th. The stock was sold at an average price of $43.00, for a total value of $387,000.00. Following the transaction, the director now owns 35,000 shares of the company’s stock, valued at $1,505,000. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Christine L. Koski sold 20,000 shares of the business’s stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $42.20, for a total value of $844,000.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 84,000 shares of company stock worth $3,689,798. 10.70% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. RK Capital Management LLC acquired a new position in Sun Hydraulics Corporation during the second quarter valued at $7,173,000. Ameriprise Financial Inc. boosted its position in Sun Hydraulics Corporation by 186.7% in the second quarter. Ameriprise Financial Inc. now owns 258,333 shares of the industrial products company’s stock valued at $11,023,000 after buying an additional 168,220 shares in the last quarter. TIAA CREF Investment Management LLC boosted its position in Sun Hydraulics Corporation by 0.9% in the second quarter. TIAA CREF Investment Management LLC now owns 62,854 shares of the industrial products company’s stock valued at $2,682,000 after buying an additional 577 shares in the last quarter. Teachers Advisors LLC boosted its position in Sun Hydraulics Corporation by 7.4% in the second quarter. Teachers Advisors LLC now owns 41,902 shares of the industrial products company’s stock valued at $1,788,000 after buying an additional 2,869 shares in the last quarter. Finally, Swiss National Bank boosted its position in Sun Hydraulics Corporation by 8.9% in the second quarter. Swiss National Bank now owns 40,400 shares of the industrial products company’s stock valued at $1,724,000 after buying an additional 3,300 shares in the last quarter. 80.46% of the stock is currently owned by institutional investors and hedge funds.
Sun Hydraulics Corporation Company 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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