Shares of Sun Hydraulics Co. (NASDAQ:SNHY) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $61.67.

A number of analysts have recently weighed in on SNHY shares. BidaskClub upgraded shares of Sun Hydraulics from a “hold” rating to a “buy” rating in a research note on Wednesday, December 27th. Robert W. Baird cut shares of Sun Hydraulics from an “outperform” rating to a “neutral” rating and boosted their price objective for the stock from $55.00 to $57.00 in a research note on Friday, October 13th. KeyCorp assumed coverage on shares of Sun Hydraulics in a research report on Monday, February 5th. They set an “overweight” rating and a $67.00 target price on the stock. Zacks Investment Research raised shares of Sun Hydraulics from a “hold” rating to a “strong-buy” rating and set a $63.00 target price on the stock in a research report on Tuesday, October 17th. Finally, SunTrust Banks assumed coverage on shares of Sun Hydraulics in a research report on Monday, February 5th. They set a “buy” rating on the stock.

Hedge funds have recently made changes to their positions in the stock. Oppenheimer Asset Management Inc. increased its position in Sun Hydraulics by 191.8% during the third quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock worth $126,000 after acquiring an additional 1,536 shares during the period. Simplex Trading LLC bought a new position in Sun Hydraulics during the fourth quarter worth $156,000. Aperio Group LLC bought a new position in Sun Hydraulics during the third quarter worth $201,000. Hartland & Co. LLC bought a new position in Sun Hydraulics during the third quarter worth $203,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Sun Hydraulics during the third quarter worth $228,000. 82.44% of the stock is currently owned by institutional investors and hedge funds.

Shares of Sun Hydraulics (NASDAQ:SNHY) traded up $0.35 during trading on Monday, hitting $52.94. 478,715 shares of the stock were exchanged, compared to its average volume of 337,537. The company has a debt-to-equity ratio of 0.43, a current ratio of 2.62 and a quick ratio of 1.96. Sun Hydraulics has a twelve month low of $34.17 and a twelve month high of $70.83. The firm has a market capitalization of $1,655.38, a PE ratio of 44.49 and a beta of 1.68.

The business also recently announced a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Friday, January 5th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend was Thursday, January 4th. Sun Hydraulics’s dividend payout ratio (DPR) is currently 30.25%.

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Sun Hydraulics 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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