Nisa Investment Advisors LLC continued to hold its position in shares of Sun Hydraulics Corporation (NASDAQ:SNHY) during the second quarter, Holdings Channel reports. The fund owned 12,720 shares of the industrial products company’s stock at the end of the second quarter. Nisa Investment Advisors LLC’s holdings in Sun Hydraulics Corporation were worth $543,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of SNHY. Brown Capital Management LLC boosted its position in shares of Sun Hydraulics Corporation by 0.4% in the first quarter. Brown Capital Management LLC now owns 4,209,643 shares of the industrial products company’s stock worth $152,010,000 after buying an additional 16,869 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Sun Hydraulics Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,806,387 shares of the industrial products company’s stock worth $65,229,000 after buying an additional 76,652 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Sun Hydraulics Corporation by 1.2% in the first quarter. Dimensional Fund Advisors LP now owns 860,138 shares of the industrial products company’s stock worth $31,059,000 after buying an additional 10,448 shares in the last quarter. Kayne Anderson Rudnick Investment Management LLC boosted its position in shares of Sun Hydraulics Corporation by 1.9% in the first quarter. Kayne Anderson Rudnick Investment Management LLC now owns 797,562 shares of the industrial products company’s stock worth $28,800,000 after buying an additional 15,147 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Sun Hydraulics Corporation by 17.0% in the first quarter. Renaissance Technologies LLC now owns 744,875 shares of the industrial products company’s stock worth $26,897,000 after buying an additional 108,275 shares in the last quarter. Hedge funds and other institutional investors own 80.46% of the company’s stock.

Sun Hydraulics Corporation (SNHY) traded up 1.30% on Thursday, hitting $47.70. 88,540 shares of the stock traded hands. Sun Hydraulics Corporation has a 1-year low of $28.46 and a 1-year high of $48.44. The stock has a 50-day moving average price of $42.25 and a 200 day moving average price of $39.59. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 50.21 and a beta of 1.81.

Sun Hydraulics Corporation (NASDAQ:SNHY) last released its quarterly earnings results on Monday, August 7th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.39 by $0.13. Sun Hydraulics Corporation had a net margin of 9.63% and a return on equity of 13.47%. The firm had revenue of $89.30 million during the quarter, compared to analyst estimates of $79.18 million. During the same quarter last year, the business earned $0.26 EPS. The company’s revenue was up 75.8% compared to the same quarter last year. On average, analysts anticipate that Sun Hydraulics Corporation will post $1.41 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Saturday, July 15th. Stockholders of record on Friday, June 30th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend was Wednesday, June 28th. Sun Hydraulics Corporation’s dividend payout ratio (DPR) is 37.50%.

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SNHY has been the subject of a number of analyst reports. Zacks Investment Research cut shares of Sun Hydraulics Corporation from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 12th. BidaskClub cut shares of Sun Hydraulics Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, TheStreet upgraded shares of Sun Hydraulics Corporation from a “c” rating to a “b” rating in a report on Monday, May 8th.

In other news, Director Christine L. Koski sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $42.13, for a total transaction of $1,263,900.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Christine L. Koski sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $44.01, for a total transaction of $220,050.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 94,000 shares of company stock valued at $4,007,098. Insiders own 10.70% of the company’s stock.

Sun Hydraulics Corporation Company 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 Corporation (NASDAQ:SNHY)

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