Hollysys Automation Technologies, Ltd. (HOLI) Receives Average Rating of “Hold” from Brokerages
Shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) have earned an average rating of “Hold” from the eight research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is $19.65.
Several equities analysts recently issued reports on the company. Deutsche Bank AG restated a “buy” rating and issued a $25.00 price target (up previously from $23.00) on shares of Hollysys Automation Technologies in a research report on Monday, October 2nd. Instinet reiterated a “reduce” rating and set a $12.31 target price on shares of Hollysys Automation Technologies in a research report on Tuesday, August 15th. BidaskClub upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price target on the stock in a report on Tuesday, August 15th. Finally, Zacks Investment Research cut Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, August 16th.
Hollysys Automation Technologies (NASDAQ HOLI) opened at 21.71 on Friday. The company has a 50-day moving average price of $20.78 and a 200-day moving average price of $17.99. The stock has a market capitalization of $1.31 billion, a PE ratio of 19.03 and a beta of 1.48. Hollysys Automation Technologies has a 12-month low of $15.08 and a 12-month high of $21.88.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings results on Monday, August 14th. The industrial products company reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.52 by ($0.15). The business had revenue of $137.96 million for the quarter, compared to analysts’ expectations of $152.80 million. Hollysys Automation Technologies had a return on equity of 9.87% and a net margin of 15.96%. The firm’s revenue for the quarter was down 6.6% on a year-over-year basis. Analysts expect that Hollysys Automation Technologies will post $1.69 earnings per share for the current fiscal year.
The firm also recently declared an annual dividend, which will be paid on Monday, November 6th. Shareholders of record on Monday, October 16th will be paid a dividend of $0.12 per share. This represents a dividend yield of 0.56%. The ex-dividend date is Friday, October 13th. Hollysys Automation Technologies’s dividend payout ratio is presently 17.39%.
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Institutional investors have recently modified their holdings of the business. Citadel Advisors LLC purchased a new position in shares of Hollysys Automation Technologies during the 1st quarter worth $179,000. KBC Group NV lifted its stake in shares of Hollysys Automation Technologies by 265.7% during the 1st quarter. KBC Group NV now owns 16,269 shares of the industrial products company’s stock worth $275,000 after purchasing an additional 11,820 shares during the period. Edinburgh Partners Ltd lifted its stake in shares of Hollysys Automation Technologies by 22.0% during the 2nd quarter. Edinburgh Partners Ltd now owns 18,300 shares of the industrial products company’s stock worth $304,000 after purchasing an additional 3,300 shares during the period. BB&T Securities LLC purchased a new position in shares of Hollysys Automation Technologies during the 2nd quarter worth $308,000. Finally, HighTower Advisors LLC lifted its stake in shares of Hollysys Automation Technologies by 56.6% during the 1st quarter. HighTower Advisors LLC now owns 20,296 shares of the industrial products company’s stock worth $352,000 after purchasing an additional 7,336 shares during the period. 68.03% of the stock is currently owned by institutional investors.
About Hollysys Automation Technologies
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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