Mutual of America Capital Management LLC decreased its position in Sun Hydraulics Corporation (NASDAQ:SNHY) by 3.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 127,624 shares of the industrial products company’s stock after selling 4,431 shares during the quarter. Mutual of America Capital Management LLC owned about 0.47% of Sun Hydraulics Corporation worth $5,446,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Victory Capital Management Inc. raised its position in Sun Hydraulics Corporation by 6.3% during the first quarter. Victory Capital Management Inc. now owns 3,452 shares of the industrial products company’s stock valued at $125,000 after buying an additional 204 shares during the period. BNP Paribas Arbitrage SA raised its position in Sun Hydraulics Corporation by 542.0% during the second quarter. BNP Paribas Arbitrage SA now owns 3,486 shares of the industrial products company’s stock valued at $149,000 after buying an additional 2,943 shares during the period. Commerce Bank acquired a new position in Sun Hydraulics Corporation during the second quarter valued at $231,000. Affinity Investment Advisors LLC acquired a new position in Sun Hydraulics Corporation during the second quarter valued at $247,000. Finally, Legal & General Group Plc raised its position in Sun Hydraulics Corporation by 2.9% during the second quarter. Legal & General Group Plc now owns 5,764 shares of the industrial products company’s stock valued at $247,000 after buying an additional 160 shares during the period. Institutional investors and hedge funds own 79.94% of the company’s stock.

Sun Hydraulics Corporation (NASDAQ SNHY) opened at 52.69 on Friday. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 55.46 and a beta of 1.78. Sun Hydraulics Corporation has a 12 month low of $28.75 and a 12 month high of $52.81. The firm has a 50-day moving average price of $47.35 and a 200 day moving average price of $41.68.

Sun Hydraulics Corporation (NASDAQ:SNHY) last issued its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.39 by $0.13. The company had revenue of $89.30 million for the quarter, compared to analyst estimates of $79.18 million. Sun Hydraulics Corporation had a return on equity of 13.25% and a net margin of 9.63%. The company’s quarterly revenue was up 75.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.26 earnings per share. On average, equities analysts forecast that Sun Hydraulics Corporation will post $1.55 EPS for the current year.

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In related news, Director Christine L. Koski sold 19,140 shares of Sun Hydraulics Corporation stock in a transaction dated Friday, August 11th. The stock was sold at an average price of $47.26, for a total value of $904,556.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Christine L. Koski sold 15,000 shares of Sun Hydraulics Corporation stock in a transaction dated Wednesday, September 6th. The shares were sold at an average price of $49.87, for a total value of $748,050.00. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 85,440 shares of company stock worth $4,070,619. Corporate insiders own 10.70% of the company’s stock.

Several research analysts recently weighed in on SNHY shares. Sidoti started coverage on Sun Hydraulics Corporation in a research report on Thursday, September 14th. They set a “neutral” rating on the stock. BidaskClub lowered Sun Hydraulics Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 17th. Finally, Zacks Investment Research lowered Sun Hydraulics Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company’s stock. The company 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.

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

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