Sun Hydraulics (NASDAQ:SNHY) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Thursday.

According to Zacks, “Sun Hydraulics is a leading designer and manufacturer of high-performance, screw-in hydraulic cartridge valves and manifolds which control force, speed and motion as integral components in fluid power systems. The Company sells its products globally through independent distributors. “

A number of other analysts have also recently weighed in on the company. SunTrust Banks reduced their price target on Sun Hydraulics to $46.00 and set an “accumulate” rating for the company in a research report on Wednesday, November 7th. ValuEngine cut Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Tuesday, November 6th. BidaskClub raised Sun Hydraulics from a “sell” rating to a “hold” rating in a research report on Saturday, November 3rd. Finally, Robert W. Baird raised Sun Hydraulics from a “neutral” rating to an “outperform” rating and set a $55.00 price target for the company in a research report on Thursday, September 20th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $58.17.

NASDAQ SNHY traded up $1.57 on Thursday, reaching $41.92. The stock had a trading volume of 95,583 shares, compared to its average volume of 172,570. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.14 and a quick ratio of 1.17. Sun Hydraulics has a 1 year low of $37.01 and a 1 year high of $70.83. The company has a market capitalization of $1.30 billion, a P/E ratio of 26.20 and a beta of 1.71.

Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings results on Tuesday, November 6th. The industrial products company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Sun Hydraulics had a return on equity of 10.64% and a net margin of 7.29%. The company had revenue of $135.80 million during the quarter, compared to analyst estimates of $141.42 million. During the same period in the prior year, the firm earned $0.43 EPS. Sun Hydraulics’s quarterly revenue was up 54.3% on a year-over-year basis. On average, equities analysts anticipate that Sun Hydraulics will post 1.74 EPS for the current year.

In related news, Director Christine L. Koski sold 29,580 shares of the business’s stock in a transaction dated Friday, September 21st. The stock was sold at an average price of $56.86, for a total transaction of $1,681,918.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Christine L. Koski sold 22,500 shares of the business’s stock in a transaction dated Monday, September 10th. The stock was sold at an average price of $51.21, for a total value of $1,152,225.00. The disclosure for this sale can be found here. Insiders sold 104,601 shares of company stock valued at $5,620,982 in the last ninety days. Insiders own 7.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clearstead Advisors LLC acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth about $205,000. Private Advisor Group LLC acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth about $219,000. Truvestments Capital LLC acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth about $222,000. D.A. Davidson & CO. acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth about $223,000. Finally, Virtu Financial LLC acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth about $231,000. 86.32% of the stock is owned by institutional investors and hedge funds.

Sun Hydraulics Company Profile

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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