Laurion Capital Management LP trimmed its stake in Sun Hydraulics Co. (NASDAQ:SNHY) by 67.0% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 82,619 shares of the industrial products company’s stock after selling 167,957 shares during the period. Laurion Capital Management LP owned about 0.26% of Sun Hydraulics worth $3,981,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. purchased a new stake in Sun Hydraulics in the 1st quarter valued at about $105,000. SG Americas Securities LLC purchased a new stake in shares of Sun Hydraulics in the 1st quarter worth approximately $100,000. Royal Bank of Canada lifted its position in shares of Sun Hydraulics by 112.4% in the 1st quarter. Royal Bank of Canada now owns 562,455 shares of the industrial products company’s stock worth $30,125,000 after purchasing an additional 297,681 shares during the period. Navellier & Associates Inc purchased a new stake in shares of Sun Hydraulics in the 1st quarter worth approximately $1,037,000. Finally, Xact Kapitalforvaltning AB lifted its position in shares of Sun Hydraulics by 69.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 5,358 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 2,200 shares during the period. 85.72% of the stock is owned by institutional investors.

Shares of SNHY opened at $50.24 on Friday. Sun Hydraulics Co. has a fifty-two week low of $45.44 and a fifty-two week high of $70.83. The company has a market capitalization of $1.58 billion, a PE ratio of 31.35 and a beta of 1.76. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.78 and a quick ratio of 1.06.

Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.43 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.12). Sun Hydraulics had a return on equity of 11.79% and a net margin of 8.08%. The business had revenue of $136.20 million during the quarter, compared to analysts’ expectations of $139.80 million. During the same period in the previous year, the company posted $0.27 EPS. Sun Hydraulics’s revenue for the quarter was up 52.5% on a year-over-year basis. equities analysts expect that Sun Hydraulics Co. will post 1.81 EPS for the current year.

SNHY has been the subject of several research reports. Zacks Investment Research cut shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a research report on Tuesday, May 15th. BidaskClub raised shares of Sun Hydraulics from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 19th. SunTrust Banks lowered their price target on shares of Sun Hydraulics to $59.00 and set a “$49.53” rating for the company in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Robert W. Baird set a $50.00 price target on shares of Sun Hydraulics and gave the stock a “hold” rating in a research report on Tuesday, August 7th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $59.50.

In related news, Director Christine L. Koski sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 6th. The shares were sold at an average price of $50.18, for a total transaction of $376,350.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 7.80% of the stock is currently owned by corporate insiders.

Sun Hydraulics Profile

Helios Technologies 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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