Hollysys Automation Technologies, Ltd. (HOLI) Lifted to Buy at Zacks Investment Research
Zacks Investment Research upgraded shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) from a hold rating to a buy rating in a research note released on Thursday morning. The firm currently has $29.00 price objective on the industrial products company’s stock.
According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “
Other equities analysts also recently issued research reports about the stock. TheStreet raised shares of Hollysys Automation Technologies from a c+ rating to a b rating in a research note on Thursday, August 10th. Deutsche Bank AG reissued a buy rating and set a $25.00 price objective (up previously from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. BidaskClub raised shares of Hollysys Automation Technologies from a sell rating to a hold rating in a research note on Tuesday, August 1st. J P Morgan Chase & Co raised shares of Hollysys Automation Technologies from a neutral rating to an overweight rating and set a $22.60 price objective on the stock in a research note on Tuesday, August 15th. Finally, Instinet reissued a reduce rating and set a $12.31 price objective on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average price target of $21.52.
Shares of Hollysys Automation Technologies (NASDAQ HOLI) opened at $25.40 on Thursday. The company has a market cap of $1,532.69, a P/E ratio of 22.68 and a beta of 1.54. Hollysys Automation Technologies has a 1 year low of $15.08 and a 1 year high of $27.19. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.67.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Monday, November 13th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $115.50 million for the quarter. Hollysys Automation Technologies had a net margin of 15.46% and a return on equity of 9.65%. The firm’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. sell-side analysts predict that Hollysys Automation Technologies will post 1.82 EPS for the current fiscal year.
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The company also recently disclosed an annual dividend, which was paid on Monday, November 6th. Investors of record on Monday, October 16th were paid a dividend of $0.12 per share. This represents a dividend yield of 0.56%. The ex-dividend date was Friday, October 13th. Hollysys Automation Technologies’s payout ratio is 10.53%.
A number of large investors have recently bought and sold shares of HOLI. Ameriprise Financial Inc. raised its stake in Hollysys Automation Technologies by 5.0% during the first quarter. Ameriprise Financial Inc. now owns 35,029 shares of the industrial products company’s stock worth $593,000 after purchasing an additional 1,657 shares during the period. Parametric Portfolio Associates LLC raised its stake in Hollysys Automation Technologies by 4.2% during the first quarter. Parametric Portfolio Associates LLC now owns 34,169 shares of the industrial products company’s stock worth $578,000 after purchasing an additional 1,362 shares during the period. Renaissance Technologies LLC raised its stake in Hollysys Automation Technologies by 184.8% during the first quarter. Renaissance Technologies LLC now owns 160,053 shares of the industrial products company’s stock worth $2,710,000 after purchasing an additional 103,848 shares during the period. Goldman Sachs Group Inc. raised its stake in Hollysys Automation Technologies by 307.7% during the first quarter. Goldman Sachs Group Inc. now owns 68,851 shares of the industrial products company’s stock worth $1,166,000 after purchasing an additional 51,962 shares during the period. Finally, Bank of Montreal Can purchased a new position in Hollysys Automation Technologies during the second quarter worth approximately $1,329,000. 68.93% of the stock is currently owned by institutional investors.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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