Isthmus Partners LLC Trims Holdings in Sun Hydraulics Corporation (SNHY)
Isthmus Partners LLC decreased its position in shares of Sun Hydraulics Corporation (NASDAQ:SNHY) by 0.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 22,527 shares of the industrial products company’s stock after selling 200 shares during the quarter. Isthmus Partners LLC owned approximately 0.08% of Sun Hydraulics Corporation worth $961,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of SNHY. Teachers Advisors LLC lifted its holdings in Sun Hydraulics Corporation by 9.2% during the 4th quarter. Teachers Advisors LLC now owns 40,484 shares of the industrial products company’s stock worth $1,618,000 after buying an additional 3,407 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in shares of Sun Hydraulics Corporation by 176.7% in the 1st quarter. Russell Investments Group Ltd. now owns 15,660 shares of the industrial products company’s stock valued at $565,000 after purchasing an additional 10,001 shares during the period. First Trust Advisors LP lifted its stake in shares of Sun Hydraulics Corporation by 61.4% in the 1st quarter. First Trust Advisors LP now owns 21,097 shares of the industrial products company’s stock valued at $762,000 after purchasing an additional 8,027 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Sun Hydraulics Corporation by 80.0% in the 1st quarter. Bank of New York Mellon Corp now owns 349,008 shares of the industrial products company’s stock valued at $12,602,000 after purchasing an additional 155,152 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Sun Hydraulics Corporation by 4.1% in the 1st quarter. Envestnet Asset Management Inc. now owns 10,909 shares of the industrial products company’s stock valued at $393,000 after purchasing an additional 426 shares during the period. 79.94% of the stock is currently owned by hedge funds and other institutional investors.
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In related news, Director Christine L. Koski sold 15,000 shares of the business’s stock in a transaction on Wednesday, September 6th. The shares were sold at an average price of $49.87, for a total value of $748,050.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Christine L. Koski sold 20,000 shares of the business’s stock in a transaction on Wednesday, August 9th. The shares were sold at an average price of $47.33, for a total transaction of $946,600.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 85,440 shares of company stock worth $4,070,619. 10.70% of the stock is owned by company insiders.
A number of research firms have recently weighed in on SNHY. Zacks Investment Research raised Sun Hydraulics Corporation from a “hold” rating to a “strong-buy” rating and set a $54.00 price target on the stock in a research note on Friday, August 11th. BidaskClub raised Sun Hydraulics Corporation from a “strong sell” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Sidoti began coverage on Sun Hydraulics Corporation in a research note on Thursday. They issued a “neutral” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating, one has given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $44.50.
Shares of Sun Hydraulics Corporation (NASDAQ SNHY) traded up 0.211% during mid-day trading on Monday, reaching $51.188. The company had a trading volume of 13,299 shares. Sun Hydraulics Corporation has a one year low of $28.53 and a one year high of $51.46. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 53.882 and a beta of 1.78. The stock has a 50 day moving average of $46.75 and a 200-day moving average of $41.38.
Sun Hydraulics Corporation (NASDAQ:SNHY) last released its earnings results on Monday, August 7th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.13. The business had revenue of $89.30 million for the quarter, compared to analyst estimates of $79.18 million. Sun Hydraulics Corporation had a net margin of 9.63% and a return on equity of 13.25%. Sun Hydraulics Corporation’s revenue for the quarter was up 75.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.26 earnings per share. Equities analysts predict that Sun Hydraulics Corporation will post $1.55 EPS for the current year.
Sun Hydraulics Corporation Company Profile
Sun Hydraulics Corporation (Sun) develops and manufactures solutions for the hydraulics and electronics markets. It is engaged in power controls and vehicle technologies lines of business. The Company operates through two segments including hydraulics and electronics. Hydraulics market segment is engaged in manufacturing of screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the worldwide industrial and mobile hydraulics markets operating under the brand Sun Hydraulics.
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