Arrowstreet Capital Limited Partnership bought a new stake in shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 35,271 shares of the industrial products company’s stock, valued at approximately $785,000.
Other large investors have also bought and sold shares of the company. Point72 Asset Management L.P. purchased a new position in Hollysys Automation Technologies during the 3rd quarter valued at about $996,000. First Trust Advisors LP increased its holdings in Hollysys Automation Technologies by 20.1% during the 3rd quarter. First Trust Advisors LP now owns 139,666 shares of the industrial products company’s stock valued at $3,018,000 after acquiring an additional 23,400 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Hollysys Automation Technologies by 405,692.7% during the 3rd quarter. Wells Fargo & Company MN now owns 779,122 shares of the industrial products company’s stock valued at $16,837,000 after acquiring an additional 778,930 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in Hollysys Automation Technologies by 43.4% during the 3rd quarter. Vident Investment Advisory LLC now owns 1,158,939 shares of the industrial products company’s stock valued at $25,045,000 after acquiring an additional 350,648 shares in the last quarter. Finally, Jupiter Asset Management Ltd. increased its holdings in Hollysys Automation Technologies by 7.5% during the 3rd quarter. Jupiter Asset Management Ltd. now owns 1,545,510 shares of the industrial products company’s stock valued at $33,398,000 after acquiring an additional 107,372 shares in the last quarter. Hedge funds and other institutional investors own 68.26% of the company’s stock.
Several equities analysts have weighed in on the stock. BidaskClub upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a report on Thursday, February 22nd. ValuEngine upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “hold” rating to a “buy” rating and set a $28.00 target price for the company in a report on Wednesday, February 14th. Finally, JPMorgan Chase & Co. downgraded shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $27.00 to $25.00 in a report on Friday, February 9th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $22.58.
Hollysys Automation Technologies (NASDAQ:HOLI) last issued its quarterly earnings results on Thursday, February 8th. The industrial products company reported $0.60 EPS for the quarter, topping analysts’ consensus estimates of $0.39 by $0.21. The business had revenue of $157.40 million during the quarter. Hollysys Automation Technologies had a net margin of 18.89% and a return on equity of 12.72%. The business’s quarterly revenue was up 58.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.18 earnings per share. research analysts predict that Hollysys Automation Technologies Ltd will post 1.83 EPS for the current year.
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Hollysys Automation Technologies Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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