ValuEngine cut shares of Sun Hydraulics (NASDAQ:SNHY) from a hold rating to a sell rating in a research note released on Tuesday morning.

Several other equities analysts have also weighed in on SNHY. BidaskClub lowered shares of Sun Hydraulics from a buy rating to a hold rating in a report on Tuesday, October 9th. Robert W. Baird upgraded shares of Sun Hydraulics from a neutral rating to an outperform rating and set a $55.00 price objective on the stock in a report on Thursday, September 20th. Zacks Investment Research lowered shares of Sun Hydraulics from a hold rating to a sell rating in a report on Sunday, July 15th. Finally, SunTrust Banks upped their price objective on shares of Sun Hydraulics to $62.00 and gave the company a positive rating in a report on Thursday, October 4th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company. The company currently has an average rating of Hold and a consensus price target of $58.17.

SNHY traded up $0.78 during trading on Tuesday, reaching $41.30. 178,983 shares of the stock traded hands, compared to its average volume of 169,297. The company has a current ratio of 2.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. The stock has a market capitalization of $1.22 billion, a P/E ratio of 25.81 and a beta of 1.71. Sun Hydraulics has a 12 month low of $37.01 and a 12 month high of $70.83.

Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.44 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). The firm had revenue of $135.80 million for the quarter, compared to the consensus estimate of $141.42 million. Sun Hydraulics had a net margin of 7.29% and a return on equity of 10.64%. The business’s revenue was up 54.3% compared to the same quarter last year. During the same period last year, the company posted $0.43 EPS. As a group, research analysts predict that Sun Hydraulics will post 1.71 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, October 20th. Stockholders of record on Friday, October 5th were issued a dividend of $0.09 per share. The ex-dividend date was Thursday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.87%. Sun Hydraulics’s dividend payout ratio is currently 22.50%.

In related news, CFO Tricia L. Fulton sold 7,500 shares of the company’s stock in a transaction dated Tuesday, September 18th. The shares were sold at an average price of $54.21, for a total value of $406,575.00. Following the sale, the chief financial officer now owns 62,091 shares in the company, valued at approximately $3,365,953.11. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Christine L. Koski sold 1,221 shares of the company’s stock in a transaction dated Monday, September 17th. The stock was sold at an average price of $53.57, for a total transaction of $65,408.97. The disclosure for this sale can be found here. Insiders have sold 104,601 shares of company stock worth $5,620,982 in the last quarter. Company insiders own 7.80% of the company’s stock.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Raymond James & Associates raised its holdings in shares of Sun Hydraulics by 23.1% in the 2nd quarter. Raymond James & Associates now owns 7,983 shares of the industrial products company’s stock worth $385,000 after acquiring an additional 1,500 shares during the last quarter. Xact Kapitalforvaltning AB raised its holdings in shares of Sun Hydraulics by 69.7% in the 1st quarter. Xact Kapitalforvaltning AB now owns 5,358 shares of the industrial products company’s stock worth $287,000 after acquiring an additional 2,200 shares during the last quarter. Rhumbline Advisers raised its holdings in shares of Sun Hydraulics by 8.3% in the 2nd quarter. Rhumbline Advisers now owns 30,314 shares of the industrial products company’s stock worth $1,461,000 after acquiring an additional 2,315 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Sun Hydraulics by 13.7% in the 1st quarter. The Manufacturers Life Insurance Company now owns 20,461 shares of the industrial products company’s stock worth $1,096,000 after acquiring an additional 2,458 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Sun Hydraulics by 1.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 230,819 shares of the industrial products company’s stock worth $12,644,000 after acquiring an additional 2,462 shares during the last quarter. Institutional investors own 86.21% of the company’s stock.

About Sun Hydraulics

Helios Technologies designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.

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Analyst Recommendations for Sun Hydraulics (NASDAQ:SNHY)

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