Sun Hydraulics (NASDAQ:SNHY) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Several other equities research analysts have also recently weighed in on SNHY. Robert W. Baird raised Sun Hydraulics from a “neutral” rating to an “outperform” rating and set a $55.00 price objective for the company in a research report on Thursday, September 20th. SunTrust Banks increased their price objective on Sun Hydraulics to $62.00 and gave the company a “positive” rating in a research report on Thursday, October 4th. Finally, Zacks Investment Research raised Sun Hydraulics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $60.83.

Shares of SNHY stock opened at $47.52 on Tuesday. Sun Hydraulics has a 12 month low of $45.44 and a 12 month high of $70.83. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.78. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 29.70 and a beta of 1.68.

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

In other news, Director Christine L. Koski sold 1,221 shares of the stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $53.57, for a total value of $65,408.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine L. Koski sold 29,580 shares of the stock in a transaction that occurred on Friday, September 21st. The shares were sold at an average price of $56.86, for a total value of $1,681,918.80. The disclosure for this sale can be found here. Insiders sold 104,601 shares of company stock valued at $5,620,982 over the last three months. 7.80% of the stock is owned by company insiders.

A number of hedge funds have recently modified their holdings of the stock. Raymond James & Associates lifted its position in Sun Hydraulics by 23.1% in the second quarter. Raymond James & Associates now owns 7,983 shares of the industrial products company’s stock worth $385,000 after purchasing an additional 1,500 shares during the period. SG Americas Securities LLC bought a new position in Sun Hydraulics in the first quarter worth $100,000. MetLife Investment Advisors LLC lifted its position in Sun Hydraulics by 17.7% in the first quarter. MetLife Investment Advisors LLC now owns 12,428 shares of the industrial products company’s stock worth $666,000 after purchasing an additional 1,870 shares during the period. Stifel Financial Corp lifted its position in Sun Hydraulics by 5.9% in the first quarter. Stifel Financial Corp now owns 34,314 shares of the industrial products company’s stock worth $1,838,000 after purchasing an additional 1,921 shares during the period. Finally, Barclays PLC lifted its position in Sun Hydraulics by 51.7% in the first quarter. Barclays PLC now owns 5,704 shares of the industrial products company’s stock worth $305,000 after purchasing an additional 1,945 shares during the period. 85.72% of the stock is owned by hedge funds and other institutional investors.

About Sun Hydraulics

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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Analyst Recommendations for Sun Hydraulics (NASDAQ:SNHY)

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