Bamco Inc. NY trimmed its position in shares of Sun Hydraulics Co. (NASDAQ:SNHY) by 45.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,000 shares of the industrial products company’s stock after selling 21,000 shares during the period. Bamco Inc. NY’s holdings in Sun Hydraulics were worth $1,617,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Royce & Associates LP increased its stake in Sun Hydraulics by 6.3% during the third quarter. Royce & Associates LP now owns 2,263,053 shares of the industrial products company’s stock valued at $122,205,000 after acquiring an additional 134,273 shares during the period. BlackRock Inc. grew its stake in shares of Sun Hydraulics by 1.6% in the 4th quarter. BlackRock Inc. now owns 1,528,385 shares of the industrial products company’s stock valued at $98,872,000 after purchasing an additional 24,334 shares during the period. Wasatch Advisors Inc. grew its stake in shares of Sun Hydraulics by 94.6% in the 4th quarter. Wasatch Advisors Inc. now owns 1,469,841 shares of the industrial products company’s stock valued at $95,084,000 after purchasing an additional 714,473 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Sun Hydraulics by 17.8% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,222,892 shares of the industrial products company’s stock valued at $79,109,000 after purchasing an additional 184,415 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Sun Hydraulics by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 869,720 shares of the industrial products company’s stock valued at $46,965,000 after purchasing an additional 2,989 shares during the period. Hedge funds and other institutional investors own 69.27% of the company’s stock.
SNHY has been the topic of several analyst reports. BidaskClub lowered Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. KeyCorp initiated coverage on Sun Hydraulics in a research note on Monday, February 5th. They issued an “overweight” rating and a $67.00 price objective on the stock. SunTrust Banks initiated coverage on Sun Hydraulics in a research note on Monday, February 5th. They issued a “buy” rating on the stock. Finally, Sidoti upgraded Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 price objective on the stock in a research note on Tuesday, February 13th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. Sun Hydraulics presently has an average rating of “Hold” and an average target price of $63.50.
Sun Hydraulics (NASDAQ:SNHY) last released its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.03. The company had revenue of $84.15 million for the quarter, compared to analyst estimates of $83.79 million. Sun Hydraulics had a return on equity of 16.58% and a net margin of 9.20%. The company’s revenue was up 68.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.18 EPS. sell-side analysts predict that Sun Hydraulics Co. will post 1.88 earnings per share for the current year.
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About Sun Hydraulics
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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