Sun Hydraulics Co. (NASDAQ:SNHY) major shareholder Robert C. Koski sold 2,500 shares of the business’s stock in a transaction dated Friday, June 7th. The stock was sold at an average price of $45.16, for a total transaction of $112,900.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Shares of SNHY opened at $45.51 on Friday. Sun Hydraulics Co. has a 52 week low of $30.79 and a 52 week high of $58.13. The stock has a market capitalization of $1.43 billion, a P/E ratio of 19.79 and a beta of 1.87. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61.

Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings results on Monday, May 6th. The industrial products company reported $0.63 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.63. Sun Hydraulics had a net margin of 9.19% and a return on equity of 12.57%. The business had revenue of $146.85 million for the quarter, compared to analyst estimates of $149.30 million. During the same quarter in the prior year, the business earned $0.46 EPS. Sun Hydraulics’s quarterly revenue was up 50.9% on a year-over-year basis. Equities analysts expect that Sun Hydraulics Co. will post 2.56 earnings per share for the current year.

A number of brokerages have recently issued reports on SNHY. BidaskClub raised shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Thursday, February 14th. TheStreet raised shares of Sun Hydraulics from a “c+” rating to a “b-” rating in a report on Thursday, March 14th. Zacks Investment Research raised shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Thursday, February 21st. Stifel Nicolaus cut shares of Sun Hydraulics from a “buy” rating to a “hold” rating and set a $51.00 target price on the stock. in a report on Tuesday, April 16th. Finally, ValuEngine raised shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Monday, April 1st. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $47.80.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Ameritas Investment Corp bought a new stake in Sun Hydraulics in the first quarter worth about $536,000. Jefferies Group LLC purchased a new position in shares of Sun Hydraulics in the first quarter worth about $238,000. Loomis Sayles & Co. L P increased its stake in shares of Sun Hydraulics by 22.3% in the first quarter. Loomis Sayles & Co. L P now owns 265,089 shares of the industrial products company’s stock worth $12,329,000 after purchasing an additional 48,381 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Sun Hydraulics by 11.0% in the first quarter. Geode Capital Management LLC now owns 373,432 shares of the industrial products company’s stock worth $17,368,000 after purchasing an additional 36,928 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Sun Hydraulics by 5.6% in the first quarter. Charles Schwab Investment Management Inc. now owns 165,057 shares of the industrial products company’s stock worth $7,677,000 after purchasing an additional 8,771 shares in the last quarter. Institutional investors and hedge funds own 84.56% of the company’s stock.

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About Sun Hydraulics

Sun Hydraulics Corp. engages in the development and manufacture of soolutions for both the hydraulics and electronics markets. It operates through the Hydraulics and Electronics segments. The Hydraulics segment provides screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems.

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