MetLife Investment Advisors LLC purchased a new position in Sun Hydraulics Co. (NASDAQ:SNHY) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 10,558 shares of the industrial products company’s stock, valued at approximately $683,000.

Several other institutional investors and hedge funds have also made changes to their positions in SNHY. Wasatch Advisors Inc. lifted its position in shares of Sun Hydraulics by 94.6% in the 4th quarter. Wasatch Advisors Inc. now owns 1,469,841 shares of the industrial products company’s stock worth $95,084,000 after purchasing an additional 714,473 shares during the period. Conestoga Capital Advisors LLC lifted its position in shares of Sun Hydraulics by 17.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,222,892 shares of the industrial products company’s stock worth $79,109,000 after purchasing an additional 184,415 shares during the period. WCM Investment Management CA lifted its position in shares of Sun Hydraulics by 287.7% in the 4th quarter. WCM Investment Management CA now owns 127,860 shares of the industrial products company’s stock worth $8,271,000 after purchasing an additional 94,885 shares during the period. First Trust Advisors LP lifted its position in shares of Sun Hydraulics by 631.1% in the 4th quarter. First Trust Advisors LP now owns 53,095 shares of the industrial products company’s stock worth $3,435,000 after purchasing an additional 45,833 shares during the period. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Sun Hydraulics in the 3rd quarter worth approximately $1,590,000. 70.08% of the stock is owned by hedge funds and other institutional investors.

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NASDAQ SNHY opened at $54.00 on Tuesday. The company has a debt-to-equity ratio of 0.43, a current ratio of 3.20 and a quick ratio of 2.29. The company has a market cap of $1,681.59, a P/E ratio of 33.75 and a beta of 1.66. Sun Hydraulics Co. has a 52 week low of $34.17 and a 52 week high of $70.83.

Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 EPS for the quarter, topping the consensus estimate of $0.24 by $0.03. The firm had revenue of $84.15 million during the quarter, compared to analyst estimates of $83.79 million. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. Sun Hydraulics’s revenue was up 68.7% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.18 EPS. research analysts forecast that Sun Hydraulics Co. will post 2.14 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Shareholders of record on Thursday, April 5th will be paid a dividend of $0.09 per share. The ex-dividend date is Wednesday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. Sun Hydraulics’s payout ratio is 22.50%.

SNHY has been the subject of several recent analyst reports. BidaskClub upgraded shares of Sun Hydraulics from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Zacks Investment Research lowered shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating and set a $61.00 price objective for the company. in a research note on Friday, February 9th. SunTrust Banks initiated coverage on shares of Sun Hydraulics in a research note on Monday, February 5th. They set a “buy” rating for the company. KeyCorp initiated coverage on shares of Sun Hydraulics in a research note on Monday, February 5th. They set an “overweight” rating and a $67.00 price objective for the company. Finally, ValuEngine lowered shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $62.40.

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Sun Hydraulics Company Profile

Sun Hydraulics Corporation 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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