Clean Yield Group trimmed its position in shares of Sun Hydraulics Co. (NASDAQ:SNHY) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,942 shares of the industrial products company’s stock after selling 1,250 shares during the quarter. Clean Yield Group owned approximately 0.08% of Sun Hydraulics worth $1,484,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of SNHY. Russell Investments Group Ltd. increased its position in shares of Sun Hydraulics by 0.5% during the second quarter. Russell Investments Group Ltd. now owns 15,731 shares of the industrial products company’s stock worth $671,000 after purchasing an additional 71 shares in the last quarter. Schwab Charles Investment Management Inc. increased its position in shares of Sun Hydraulics by 6.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 106,501 shares of the industrial products company’s stock worth $4,545,000 after purchasing an additional 6,164 shares in the last quarter. Rhumbline Advisers increased its position in shares of Sun Hydraulics by 0.3% during the second quarter. Rhumbline Advisers now owns 29,593 shares of the industrial products company’s stock worth $1,263,000 after purchasing an additional 93 shares in the last quarter. Legal & General Group Plc increased its position in shares of Sun Hydraulics by 2.9% during the second quarter. Legal & General Group Plc now owns 5,764 shares of the industrial products company’s stock worth $247,000 after purchasing an additional 160 shares in the last quarter. Finally, BNP Paribas Arbitrage SA increased its position in shares of Sun Hydraulics by 542.0% during the second quarter. BNP Paribas Arbitrage SA now owns 3,486 shares of the industrial products company’s stock worth $149,000 after purchasing an additional 2,943 shares in the last quarter. Hedge funds and other institutional investors own 79.46% of the company’s stock.

Shares of Sun Hydraulics Co. (SNHY) traded up $0.35 during trading hours on Tuesday, reaching $67.59. The company’s stock had a trading volume of 66,600 shares, compared to its average volume of 131,378. The company has a current ratio of 2.62, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. The stock has a market cap of $1,829.89, a PE ratio of 56.80 and a beta of 1.79. Sun Hydraulics Co. has a 12 month low of $34.17 and a 12 month high of $68.47.

Sun Hydraulics (NASDAQ:SNHY) last issued its earnings results on Monday, November 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.36 by $0.07. The company had revenue of $88.00 million during the quarter, compared to analysts’ expectations of $80.66 million. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The firm’s quarterly revenue was up 94.7% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. analysts predict that Sun Hydraulics Co. will post 1.65 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Friday, January 5th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.53%. The ex-dividend date of this dividend is Thursday, January 4th. Sun Hydraulics’s payout ratio is currently 30.25%.

Several analysts recently commented on the company. Zacks Investment Research cut Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 10th. BidaskClub cut Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Saturday, January 6th. Finally, Robert W. Baird cut Sun Hydraulics from an “outperform” rating to a “neutral” rating and upped their target price for the company from $55.00 to $57.00 in a report on Friday, October 13th. Four equities research analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus price target of $60.00.

TRADEMARK VIOLATION NOTICE: This story was published by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and international copyright and trademark laws. The original version of this story can be accessed at https://www.thecerbatgem.com/2018/01/16/clean-yield-group-reduces-position-in-sun-hydraulics-co-snhy.html.

Sun Hydraulics 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.

Want to see what other hedge funds are holding SNHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Hydraulics Co. (NASDAQ:SNHY).

Institutional Ownership by Quarter for Sun Hydraulics (NASDAQ:SNHY)

Receive News & Stock Ratings for Sun Hydraulics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Hydraulics and related stocks with our FREE daily email newsletter.