Sun Hydraulics Corporation (SNHY) is Royce & Associates LP’s 8th Largest Position
Royce & Associates LP boosted its holdings in Sun Hydraulics Corporation (NASDAQ:SNHY) by 6.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,263,053 shares of the industrial products company’s stock after acquiring an additional 134,273 shares during the period. Sun Hydraulics comprises about 0.8% of Royce & Associates LP’s investment portfolio, making the stock its 8th biggest holding. Royce & Associates LP owned about 8.36% of Sun Hydraulics worth $122,205,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Wasatch Advisors Inc. bought a new stake in shares of Sun Hydraulics during the third quarter valued at approximately $40,790,000. Janus Henderson Group PLC bought a new stake in shares of Sun Hydraulics during the second quarter valued at approximately $22,193,000. Conestoga Capital Advisors LLC raised its holdings in shares of Sun Hydraulics by 19.7% during the third quarter. Conestoga Capital Advisors LLC now owns 1,038,477 shares of the industrial products company’s stock valued at $56,078,000 after buying an additional 171,018 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Sun Hydraulics by 186.7% during the second quarter. Ameriprise Financial Inc. now owns 258,333 shares of the industrial products company’s stock valued at $11,023,000 after buying an additional 168,220 shares during the last quarter. Finally, RK Capital Management LLC bought a new stake in shares of Sun Hydraulics during the second quarter valued at approximately $7,173,000. 79.46% of the stock is currently owned by hedge funds and other institutional investors.
Sun Hydraulics Corporation (NASDAQ:SNHY) opened at $58.29 on Wednesday. Sun Hydraulics Corporation has a 12 month low of $34.17 and a 12 month high of $63.63. The company has a current ratio of 2.62, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43. The company has a market cap of $1,600.85, a P/E ratio of 40.78 and a beta of 1.79.
Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.43 EPS for the quarter, beating the Zacks’ consensus estimate of $0.36 by $0.07. Sun Hydraulics had a net margin of 10.34% and a return on equity of 15.54%. The business had revenue of $88.00 million for the quarter, compared to analyst estimates of $80.66 million. During the same quarter last year, the business earned $0.19 earnings per share. The business’s revenue for the quarter was up 94.7% on a year-over-year basis. research analysts expect that Sun Hydraulics Corporation will post 1.65 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on SNHY shares. BidaskClub cut Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a report on Wednesday. Zacks Investment Research cut Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Robert W. Baird cut Sun Hydraulics from an “outperform” rating to a “neutral” rating and lifted their price target for the company from $55.00 to $57.00 in a report on Friday, October 13th. Finally, Sidoti started coverage on Sun Hydraulics in a report on Thursday, September 14th. They set a “neutral” rating on the stock. Two research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $60.00.
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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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