Deutsche Bank AG lowered its stake in shares of Sun Hydraulics Co. (NASDAQ:SNHY) by 64.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,882 shares of the industrial products company’s stock after selling 37,556 shares during the quarter. Deutsche Bank AG’s holdings in Sun Hydraulics were worth $692,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in SNHY. Geode Capital Management LLC raised its holdings in shares of Sun Hydraulics by 11.5% during the 4th quarter. Geode Capital Management LLC now owns 336,504 shares of the industrial products company’s stock valued at $11,168,000 after buying an additional 34,649 shares in the last quarter. Norges Bank purchased a new position in shares of Sun Hydraulics during the 4th quarter valued at about $15,410,000. Dimensional Fund Advisors LP raised its holdings in shares of Sun Hydraulics by 3.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,035,053 shares of the industrial products company’s stock valued at $34,354,000 after buying an additional 30,673 shares in the last quarter. Legal & General Group Plc raised its holdings in shares of Sun Hydraulics by 33.0% during the 4th quarter. Legal & General Group Plc now owns 13,452 shares of the industrial products company’s stock valued at $447,000 after buying an additional 3,335 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY raised its holdings in shares of Sun Hydraulics by 373.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 9,120 shares of the industrial products company’s stock valued at $303,000 after buying an additional 7,193 shares in the last quarter. Institutional investors and hedge funds own 88.47% of the company’s stock.
A number of equities analysts recently weighed in on the company. Zacks Investment Research raised Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Saturday, January 26th. William Blair restated an “outperform” rating on shares of Sun Hydraulics in a research report on Tuesday, February 26th. BidaskClub upgraded Sun Hydraulics from a “hold” rating to a “buy” rating in a research report on Thursday, April 4th. ValuEngine lowered Sun Hydraulics from a “hold” rating to a “sell” rating in a research report on Friday, March 15th. Finally, Robert W. Baird set a $44.00 price target on Sun Hydraulics and gave the stock a “buy” rating in a research report on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $47.80.
SNHY opened at $42.68 on Friday. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 2.03. Sun Hydraulics Co. has a 1 year low of $30.79 and a 1 year high of $58.13. The company has a market cap of $1.41 billion, a P/E ratio of 18.56 and a beta of 1.75.
Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Sun Hydraulics had a return on equity of 12.57% and a net margin of 9.19%. The business had revenue of $146.85 million for the quarter, compared to analyst estimates of $149.30 million. During the same period last year, the company earned $0.46 EPS. Sun Hydraulics’s revenue for the quarter was up 50.9% compared to the same quarter last year. Research analysts forecast that Sun Hydraulics Co. will post 2.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, April 5th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, April 4th. This represents a $0.36 annualized dividend and a yield of 0.84%. Sun Hydraulics’s payout ratio is 15.65%.
Sun Hydraulics Profile
Sun Hydraulics Corporation, doing business as Helios Technologies, develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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