Sun Hydraulics Co. (NASDAQ:SNHY) major shareholder Robert C. Koski sold 5,000 shares of Sun Hydraulics stock in a transaction dated Monday, March 4th. The shares were sold at an average price of $49.70, for a total value of $248,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
NASDAQ:SNHY opened at $48.33 on Friday. The stock has a market cap of $1.24 billion, a PE ratio of 21.01 and a beta of 1.67. The company has a current ratio of 2.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68. Sun Hydraulics Co. has a 1-year low of $30.79 and a 1-year high of $58.13.
Sun Hydraulics (NASDAQ:SNHY) last released its quarterly earnings results on Monday, February 25th. The industrial products company reported $0.41 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.02. The company had revenue of $138.72 million for the quarter, compared to analysts’ expectations of $134.51 million. Sun Hydraulics had a return on equity of 10.64% and a net margin of 7.29%. The business’s quarterly revenue was up 64.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. As a group, sell-side analysts anticipate that Sun Hydraulics Co. will post 2.6 earnings per share for the current year.
SNHY has been the topic of several research reports. Morgan Stanley initiated coverage on Sun Hydraulics in a report on Tuesday, December 18th. They set an “equal weight” rating and a $38.00 price target on the stock. Robert W. Baird set a $44.00 price target on Sun Hydraulics and gave the stock a “buy” rating in a report on Friday, January 25th. ValuEngine cut Sun Hydraulics from a “hold” rating to a “sell” rating in a report on Wednesday, January 2nd. Zacks Investment Research upgraded Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. Finally, SunTrust Banks boosted their price target on Sun Hydraulics to $53.00 and gave the stock a “buy” rating in a report on Wednesday, February 27th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Sun Hydraulics currently has an average rating of “Buy” and a consensus target price of $51.17.
Several institutional investors have recently bought and sold shares of the stock. Wasatch Advisors Inc. lifted its stake in shares of Sun Hydraulics by 15.3% in the third quarter. Wasatch Advisors Inc. now owns 2,667,802 shares of the industrial products company’s stock worth $146,142,000 after acquiring an additional 353,218 shares during the period. Vanguard Group Inc lifted its stake in shares of Sun Hydraulics by 2.6% in the third quarter. Vanguard Group Inc now owns 2,492,970 shares of the industrial products company’s stock worth $136,565,000 after acquiring an additional 62,761 shares during the period. Vanguard Group Inc. lifted its stake in shares of Sun Hydraulics by 2.6% in the third quarter. Vanguard Group Inc. now owns 2,492,970 shares of the industrial products company’s stock worth $136,565,000 after acquiring an additional 62,761 shares during the period. BlackRock Inc. lifted its stake in shares of Sun Hydraulics by 4.3% in the fourth quarter. BlackRock Inc. now owns 1,987,634 shares of the industrial products company’s stock worth $65,968,000 after acquiring an additional 82,056 shares during the period. Finally, Conestoga Capital Advisors LLC lifted its stake in shares of Sun Hydraulics by 4.2% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,479,405 shares of the industrial products company’s stock worth $49,101,000 after acquiring an additional 59,213 shares during the period. 86.30% of the stock is currently owned by institutional investors.
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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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