Christine L. Koski Sells 20,000 Shares of Sun Hydraulics Co. (SNHY) Stock
Sun Hydraulics Co. (NASDAQ:SNHY) Director Christine L. Koski sold 20,000 shares of Sun Hydraulics stock in a transaction on Tuesday, May 23rd. The stock was sold at an average price of $42.20, for a total transaction of $844,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.
Sun Hydraulics Co. (NASDAQ:SNHY) traded up 0.07% during trading on Friday, hitting $42.40. 582 shares of the company’s stock were exchanged. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 45.11 and a beta of 1.76. Sun Hydraulics Co. has a 52-week low of $27.69 and a 52-week high of $43.07. The firm has a 50 day moving average price of $38.90 and a 200 day moving average price of $38.36.
Sun Hydraulics (NASDAQ:SNHY) last released its earnings results on Monday, May 8th. The industrial products company reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The firm had revenue of $81.40 million during the quarter, compared to analyst estimates of $75.49 million. Sun Hydraulics had a net margin of 13.22% and a return on equity of 10.91%. The business’s revenue was up 59.6% on a year-over-year basis. During the same quarter last year, the business earned $0.31 EPS. On average, equities research analysts predict that Sun Hydraulics Co. will post $1.31 earnings per share for the current year.
A number of equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Sun Hydraulics from a “hold” rating to a “buy” rating and set a $47.00 price objective on the stock in a research report on Saturday, May 13th. TheStreet upgraded shares of Sun Hydraulics from a “c” rating to a “b” rating in a research report on Monday, May 8th.
Several large investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in Sun Hydraulics during the fourth quarter valued at approximately $16,192,000. RidgeWorth Capital Management LLC increased its position in Sun Hydraulics by 510.8% in the first quarter. RidgeWorth Capital Management LLC now owns 387,051 shares of the industrial products company’s stock worth $14,011,000 after buying an additional 323,684 shares during the period. Bank of New York Mellon Corp increased its position in Sun Hydraulics by 80.0% in the first quarter. Bank of New York Mellon Corp now owns 349,008 shares of the industrial products company’s stock worth $12,602,000 after buying an additional 155,152 shares during the period. Wellington Management Group LLP acquired a new position in Sun Hydraulics during the first quarter worth approximately $4,092,000. Finally, Renaissance Technologies LLC increased its position in Sun Hydraulics by 17.0% in the first quarter. Renaissance Technologies LLC now owns 744,875 shares of the industrial products company’s stock worth $26,897,000 after buying an additional 108,275 shares during the period. Hedge funds and other institutional investors own 77.67% of the company’s stock.
Sun Hydraulics Company Profile
Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems for industrial and mobile markets.
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