Hollysys Automation Technologies, Ltd. (HOLI) Rating Lowered to Hold at Zacks Investment Research
Zacks Investment Research downgraded shares of Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) from a buy rating to a hold rating in a research report released on Friday.
According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “
A number of other research analysts also recently commented on the company. BidaskClub upgraded Hollysys Automation Technologies from a strong sell rating to a sell rating in a research note on Monday, July 24th. Deutsche Bank AG restated a buy rating and set a $25.00 price objective (up from $23.00) on shares of Hollysys Automation Technologies in a research note on Monday, October 2nd. TheStreet upgraded Hollysys Automation Technologies from a c+ rating to a b rating in a research note on Thursday, August 10th. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a neutral rating to an overweight rating and set a $22.60 price objective for the company in a research note on Tuesday, August 15th. Finally, Instinet reiterated a reduce rating and set a $12.31 price target on shares of Hollysys Automation Technologies in a research report on Tuesday, August 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $21.52.
Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings data on Monday, November 13th. The industrial products company reported $0.36 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.04. The firm had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a return on equity of 9.65% and a net margin of 15.46%. Hollysys Automation Technologies’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.37 earnings per share. analysts anticipate that Hollysys Automation Technologies will post 1.82 earnings per share for the current year.
The firm also recently declared an annual dividend, which was paid on Monday, November 6th. Shareholders of record on Monday, October 16th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, October 13th. This represents a yield of 0.56%. Hollysys Automation Technologies’s dividend payout ratio (DPR) is presently 10.53%.
A number of hedge funds have recently made changes to their positions in the business. Prudential PLC boosted its position in Hollysys Automation Technologies by 0.6% during the 2nd quarter. Prudential PLC now owns 10,792,037 shares of the industrial products company’s stock worth $179,256,000 after acquiring an additional 68,685 shares during the period. Davis Selected Advisers boosted its position in Hollysys Automation Technologies by 22.5% during the 3rd quarter. Davis Selected Advisers now owns 4,155,115 shares of the industrial products company’s stock worth $89,792,000 after acquiring an additional 763,181 shares during the period. Schroder Investment Management Group boosted its position in Hollysys Automation Technologies by 5.5% during the 2nd quarter. Schroder Investment Management Group now owns 3,241,090 shares of the industrial products company’s stock worth $53,218,000 after acquiring an additional 169,621 shares during the period. Pictet Asset Management Ltd. boosted its position in Hollysys Automation Technologies by 1.3% during the 2nd quarter. Pictet Asset Management Ltd. now owns 2,974,389 shares of the industrial products company’s stock worth $47,560,000 after acquiring an additional 39,221 shares during the period. Finally, Hermes Investment Management Ltd. boosted its position in Hollysys Automation Technologies by 2.3% during the 3rd quarter. Hermes Investment Management Ltd. now owns 2,179,577 shares of the industrial products company’s stock worth $47,101,000 after acquiring an additional 49,456 shares during the period. Institutional investors own 68.93% of the company’s stock.
Hollysys Automation Technologies Company Profile
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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