4,064 Shares in Sun Hydraulics Co. (SNHY) Acquired by D.A. Davidson & CO.

D.A. Davidson & CO. acquired a new position in Sun Hydraulics Co. (NASDAQ:SNHY) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 4,064 shares of the industrial products company’s stock, valued at approximately $223,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Wasatch Advisors Inc. boosted its holdings in Sun Hydraulics by 15.3% in the 3rd quarter. Wasatch Advisors Inc. now owns 2,667,802 shares of the industrial products company’s stock worth $146,142,000 after buying an additional 353,218 shares during the last quarter. Royce & Associates LP boosted its holdings in Sun Hydraulics by 0.8% in the 2nd quarter. Royce & Associates LP now owns 2,334,624 shares of the industrial products company’s stock worth $112,506,000 after buying an additional 17,900 shares during the last quarter. BlackRock Inc. boosted its holdings in Sun Hydraulics by 1.2% in the 3rd quarter. BlackRock Inc. now owns 1,905,578 shares of the industrial products company’s stock worth $104,386,000 after buying an additional 23,355 shares during the last quarter. Conestoga Capital Advisors LLC boosted its holdings in Sun Hydraulics by 13.7% in the 3rd quarter. Conestoga Capital Advisors LLC now owns 1,420,192 shares of the industrial products company’s stock worth $77,798,000 after buying an additional 171,570 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in Sun Hydraulics by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 947,817 shares of the industrial products company’s stock worth $45,676,000 after buying an additional 53,912 shares during the last quarter. Institutional investors own 87.09% of the company’s stock.

Several research firms recently issued reports on SNHY. BidaskClub cut Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Robert W. Baird upgraded 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 upgraded Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Thursday, November 15th. SunTrust Banks boosted their target price on Sun Hydraulics to $62.00 and gave the stock a “positive” rating in a report on Thursday, October 4th. Finally, ValuEngine cut Sun Hydraulics from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $58.17.

In other news, Director Christine L. Koski sold 1,221 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $53.57, for a total transaction of $65,408.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Christine L. Koski sold 22,500 shares of the business’s stock in a transaction that occurred on 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. Over the last 90 days, insiders have sold 97,101 shares of company stock worth $5,244,632. Insiders own 7.80% of the company’s stock.

Shares of Sun Hydraulics stock opened at $37.08 on Friday. The company has a market cap of $1.29 billion, a PE ratio of 23.18 and a beta of 1.67. Sun Hydraulics Co. has a 1-year low of $36.85 and a 1-year high of $70.83. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.17 and a current ratio of 2.14.

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

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

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