Todd Asset Management LLC cut its position in Hollysys Automation Technologies, Ltd. (NASDAQ:HOLI) by 16.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 544,375 shares of the industrial products company’s stock after selling 106,655 shares during the period. Todd Asset Management LLC owned 0.90% of Hollysys Automation Technologies worth $9,042,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. M&T Bank Corp increased its position in Hollysys Automation Technologies by 13.0% in the first quarter. M&T Bank Corp now owns 53,430 shares of the industrial products company’s stock worth $905,000 after buying an additional 6,130 shares during the period. Envestnet Asset Management Inc. increased its position in Hollysys Automation Technologies by 48.2% in the first quarter. Envestnet Asset Management Inc. now owns 21,833 shares of the industrial products company’s stock worth $369,000 after buying an additional 7,104 shares during the period. Oxford Asset Management purchased a new position in Hollysys Automation Technologies during the first quarter worth about $482,000. Ecofin Ltd. increased its position in Hollysys Automation Technologies by 12.1% in the first quarter. Ecofin Ltd. now owns 854,452 shares of the industrial products company’s stock worth $14,466,000 after buying an additional 92,370 shares during the period. Finally, Kopernik Global Investors LLC purchased a new position in Hollysys Automation Technologies during the first quarter worth about $10,476,000. Hedge funds and other institutional investors own 68.12% of the company’s stock.

Hollysys Automation Technologies, Ltd. (HOLI) opened at 20.40 on Friday. Hollysys Automation Technologies, Ltd. has a 52-week low of $15.08 and a 52-week high of $23.55. The company’s 50-day moving average price is $18.99 and its 200 day moving average price is $17.27. The stock has a market capitalization of $1.23 billion, a P/E ratio of 17.89 and a beta of 1.47.

Hollysys Automation Technologies (NASDAQ:HOLI) last posted its quarterly earnings results on Monday, August 14th. The industrial products company reported $0.37 EPS for the quarter, missing the consensus estimate of $0.52 by $0.15. Hollysys Automation Technologies had a net margin of 15.96% and a return on equity of 9.87%. The business had revenue of $137.96 million during the quarter, compared to analysts’ expectations of $152.80 million. The firm’s revenue for the quarter was down 6.6% compared to the same quarter last year. On average, equities research analysts predict that Hollysys Automation Technologies, Ltd. will post $1.70 earnings per share for the current fiscal year.

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A number of research firms have recently issued reports on HOLI. Instinet restated a “reduce” rating and issued a $12.31 price target on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th. Zacks Investment Research downgraded Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, August 16th. BidaskClub upgraded Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. J P Morgan Chase & Co upgraded Hollysys Automation Technologies from a “neutral” rating to an “overweight” rating and set a $22.60 price target on the stock in a research note on Tuesday, August 15th. Finally, TheStreet upgraded Hollysys Automation Technologies from a “c+” rating to a “b” rating in a research note on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $18.65.

About Hollysys Automation Technologies

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.

Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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