Sun Hydraulics Co. (SNHY) Shares Bought by UBS Asset Management Americas Inc.

UBS Asset Management Americas Inc. lifted its stake in shares of Sun Hydraulics Co. (NASDAQ:SNHY) by 123.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,165 shares of the industrial products company’s stock after acquiring an additional 7,265 shares during the quarter. UBS Asset Management Americas Inc.’s holdings in Sun Hydraulics were worth $852,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of SNHY. Wasatch Advisors Inc. increased its stake in shares of Sun Hydraulics by 94.6% during the fourth quarter. Wasatch Advisors Inc. now owns 1,469,841 shares of the industrial products company’s stock valued at $95,084,000 after acquiring an additional 714,473 shares during the period. Conestoga Capital Advisors LLC increased its stake in shares of Sun Hydraulics by 17.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,222,892 shares of the industrial products company’s stock valued at $79,109,000 after acquiring an additional 184,415 shares during the period. Royce & Associates LP boosted its holdings 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 worth $122,205,000 after buying an additional 134,273 shares in the last quarter. WCM Investment Management CA boosted its holdings in Sun Hydraulics by 287.7% during the fourth quarter. WCM Investment Management CA now owns 127,860 shares of the industrial products company’s stock worth $8,271,000 after buying an additional 94,885 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in Sun Hydraulics by 631.1% during the fourth quarter. First Trust Advisors LP now owns 53,095 shares of the industrial products company’s stock worth $3,435,000 after buying an additional 45,833 shares in the last quarter. Institutional investors and hedge funds own 70.06% of the company’s stock.

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Shares of Sun Hydraulics Co. (NASDAQ SNHY) opened at $53.61 on Monday. The firm has a market cap of $1,687.91, a P/E ratio of 33.51 and a beta of 1.79. Sun Hydraulics Co. has a 1-year low of $34.17 and a 1-year high of $70.83. The company has a current ratio of 3.20, a quick ratio of 2.29 and a debt-to-equity ratio of 0.43.

Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, February 26th. The industrial products company reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.03. Sun Hydraulics had a net margin of 9.20% and a return on equity of 16.58%. The firm had revenue of $84.15 million during the quarter, compared to analyst estimates of $83.79 million. During the same quarter last year, the business posted $0.18 EPS. The company’s revenue was up 68.7% on a year-over-year basis. equities research analysts predict that Sun Hydraulics Co. will post 1.88 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, April 5th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.67%. The ex-dividend date is Wednesday, April 4th. Sun Hydraulics’s dividend payout ratio is 30.77%.

A number of analysts recently weighed in on the stock. Stifel Nicolaus assumed coverage on shares of Sun Hydraulics in a report on Friday. They set a “buy” rating and a $61.00 target price for the company. BidaskClub upgraded shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Friday. ValuEngine cut shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Sidoti upgraded shares of Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 target price for the company in a report on Tuesday, February 13th. Finally, William Blair assumed coverage on shares of Sun Hydraulics in a report on Friday, February 23rd. They set an “outperform” rating for the company. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $63.00.

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Sun Hydraulics Profile

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

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