Great West Life Assurance Co. Can held its position in shares of Sun Hydraulics Corporation (NASDAQ:SNHY) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,730 shares of the industrial products company’s stock at the end of the 2nd quarter. Great West Life Assurance Co. Can’s holdings in Sun Hydraulics Corporation were worth $159,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in SNHY. Teachers Advisors LLC grew its position in shares of Sun Hydraulics Corporation by 9.2% in the fourth quarter. Teachers Advisors LLC now owns 40,484 shares of the industrial products company’s stock valued at $1,618,000 after purchasing an additional 3,407 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Sun Hydraulics Corporation by 176.7% in the first quarter. Russell Investments Group Ltd. now owns 15,660 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 10,001 shares during the last quarter. First Trust Advisors LP grew its position in shares of Sun Hydraulics Corporation by 61.4% in the first quarter. First Trust Advisors LP now owns 21,097 shares of the industrial products company’s stock valued at $762,000 after purchasing an additional 8,027 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Sun Hydraulics Corporation by 80.0% in the first quarter. Bank of New York Mellon Corp now owns 349,008 shares of the industrial products company’s stock valued at $12,602,000 after purchasing an additional 155,152 shares during the last quarter. Finally, Envestnet Asset Management Inc. grew its position in shares of Sun Hydraulics Corporation by 4.1% in the first quarter. Envestnet Asset Management Inc. now owns 10,909 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 426 shares during the last quarter. Institutional investors and hedge funds own 80.18% of the company’s stock.

Sun Hydraulics Corporation (SNHY) opened at 51.08 on Friday. The company’s 50 day moving average is $46.75 and its 200 day moving average is $41.38. The stock has a market cap of $1.38 billion, a P/E ratio of 53.77 and a beta of 1.78. Sun Hydraulics Corporation has a 52 week low of $28.75 and a 52 week high of $51.38.

Sun Hydraulics Corporation (NASDAQ:SNHY) last released its earnings results on Monday, August 7th. The industrial products company reported $0.52 earnings per share for the quarter, topping the consensus estimate of $0.39 by $0.13. The business had revenue of $89.30 million for the quarter, compared to the consensus estimate of $79.18 million. Sun Hydraulics Corporation had a net margin of 9.63% and a return on equity of 13.25%. The firm’s quarterly revenue was up 75.8% compared to the same quarter last year. During the same period last year, the firm posted $0.26 earnings per share. Equities analysts predict that Sun Hydraulics Corporation will post $1.55 earnings per share for the current year.

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In other news, Director Christine L. Koski sold 14,753 shares of Sun Hydraulics Corporation stock in a transaction that occurred on Monday, August 14th. The shares were sold at an average price of $47.01, for a total value of $693,538.53. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Christine L. Koski sold 15,000 shares of Sun Hydraulics Corporation stock in a transaction that occurred on Wednesday, September 6th. The stock was sold at an average price of $49.87, for a total transaction of $748,050.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 85,440 shares of company stock worth $4,070,619. 10.70% of the stock is currently owned by insiders.

Several analysts have recently commented on SNHY shares. Zacks Investment Research upgraded shares of Sun Hydraulics Corporation from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research report on Friday, August 11th. Sidoti initiated coverage on shares of Sun Hydraulics Corporation in a research report on Thursday. They issued a “neutral” rating on the stock. Finally, BidaskClub downgraded shares of Sun Hydraulics Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, one has given a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $44.50.

Sun Hydraulics Corporation 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 Corporation (NASDAQ:SNHY)

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