GW&K Investment Management LLC lessened its stake in shares of Sun Hydraulics Co. (NASDAQ:SNHY) by 9.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 600,759 shares of the industrial products company’s stock after selling 64,371 shares during the period. GW&K Investment Management LLC owned approximately 2.22% of Sun Hydraulics worth $38,863,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of SNHY. Oppenheimer Asset Management Inc. increased its position in Sun Hydraulics by 191.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 2,337 shares of the industrial products company’s stock valued at $126,000 after buying an additional 1,536 shares in the last quarter. BNP Paribas Arbitrage SA increased its position in Sun Hydraulics by 542.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,486 shares of the industrial products company’s stock valued at $149,000 after buying an additional 2,943 shares in the last quarter. Simplex Trading LLC bought a new position in Sun Hydraulics during the 4th quarter valued at approximately $156,000. Victory Capital Management Inc. increased its position in Sun Hydraulics by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 4,060 shares of the industrial products company’s stock valued at $173,000 after buying an additional 608 shares in the last quarter. Finally, Aperio Group LLC bought a new position in Sun Hydraulics during the 3rd quarter valued at approximately $201,000. 79.46% of the stock is owned by institutional investors.
SNHY has been the subject of a number of analyst reports. BidaskClub lowered Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 10th. Finally, Robert W. Baird lowered Sun Hydraulics from an “outperform” rating to a “neutral” rating and lifted their target price for the stock from $55.00 to $57.00 in a report on Friday, October 13th. Four analysts have rated the stock with a hold rating, Sun Hydraulics has a consensus rating of “Hold” and an average price target of $60.00.
Sun Hydraulics (NASDAQ:SNHY) last posted its earnings results on Monday, November 6th. The industrial products company reported $0.43 EPS for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.07. The business had revenue of $88.00 million during the quarter, compared to analyst estimates of $80.66 million. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. The company’s quarterly revenue was up 94.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.19 EPS. research analysts expect that Sun Hydraulics Co. will post 1.65 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Friday, January 5th will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.52%. The ex-dividend date is Thursday, January 4th. Sun Hydraulics’s payout ratio is 30.51%.
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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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