SeaBridge Investment Advisors LLC reduced its position in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 13.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 85,001 shares of the industrial products company’s stock after selling 13,055 shares during the period. SeaBridge Investment Advisors LLC owned approximately 0.14% of Hollysys Automation Technologies worth $1,816,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its stake in shares of Hollysys Automation Technologies by 65.6% in the 2nd quarter. Wells Fargo & Company MN now owns 1,356,737 shares of the industrial products company’s stock valued at $30,038,000 after purchasing an additional 537,268 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Hollysys Automation Technologies by 17.9% in the 2nd quarter. Bank of New York Mellon Corp now owns 1,222,123 shares of the industrial products company’s stock valued at $27,058,000 after purchasing an additional 185,807 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Hollysys Automation Technologies by 12,030.3% in the 1st quarter. Legal & General Group Plc now owns 891,093 shares of the industrial products company’s stock valued at $22,027,000 after purchasing an additional 883,747 shares in the last quarter. Todd Asset Management LLC raised its stake in shares of Hollysys Automation Technologies by 0.6% in the 2nd quarter. Todd Asset Management LLC now owns 551,258 shares of the industrial products company’s stock valued at $12,205,000 after purchasing an additional 3,355 shares in the last quarter. Finally, BlackRock Inc. raised its stake in shares of Hollysys Automation Technologies by 11.4% in the 2nd quarter. BlackRock Inc. now owns 423,985 shares of the industrial products company’s stock valued at $9,387,000 after purchasing an additional 43,558 shares in the last quarter. 70.41% of the stock is owned by institutional investors.

A number of equities research analysts have recently issued reports on HOLI shares. ValuEngine upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research note on Wednesday. BidaskClub upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, August 14th. Finally, JPMorgan Chase & Co. lowered shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a research note on Wednesday, August 15th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $26.00.

Shares of Hollysys Automation Technologies stock opened at $19.51 on Friday. The stock has a market capitalization of $1.18 billion, a PE ratio of 10.98 and a beta of 1.58. The company has a current ratio of 3.01, a quick ratio of 2.83 and a debt-to-equity ratio of 0.03. Hollysys Automation Technologies Ltd has a 1 year low of $16.00 and a 1 year high of $28.35.

Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings data on Tuesday, August 14th. The industrial products company reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.03). The business had revenue of $147.24 million for the quarter, compared to analyst estimates of $141.59 million. Hollysys Automation Technologies had a return on equity of 13.36% and a net margin of 19.82%. Hollysys Automation Technologies’s revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.37 EPS. Sell-side analysts forecast that Hollysys Automation Technologies Ltd will post 2.12 earnings per share for the current year.

The firm also recently disclosed an annual dividend, which will be paid on Monday, November 12th. Investors of record on Monday, October 22nd will be paid a dividend of $0.18 per share. This is a positive change from Hollysys Automation Technologies’s previous annual dividend of $0.12. The ex-dividend date of this dividend is Friday, October 19th. This represents a yield of 0.85%. Hollysys Automation Technologies’s dividend payout ratio is 6.74%.

Hollysys Automation Technologies Profile

Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.

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

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