Sun Hydraulics Co. (NASDAQ:SNHY) has been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $55.00.

A number of equities research analysts have recently weighed in on the stock. BidaskClub lowered shares of Sun Hydraulics from a “buy” rating to a “hold” rating in a report on Tuesday, October 9th. Robert W. Baird upgraded shares of Sun Hydraulics from a “neutral” rating to an “outperform” rating and set a $55.00 price objective on the stock in a report on Thursday, September 20th. Zacks Investment Research upgraded shares of Sun Hydraulics from a “sell” rating to a “hold” rating in a report on Thursday, November 15th. SunTrust Banks raised their price objective on shares of Sun Hydraulics to $62.00 and gave the company a “positive” rating in a report on Thursday, October 4th. Finally, ValuEngine lowered shares of Sun Hydraulics from a “hold” rating to a “sell” rating in a report on Tuesday, November 6th.

In related news, Director Christine L. Koski sold 1,221 shares of Sun Hydraulics stock in a transaction on Monday, September 17th. The shares were sold at an average price of $53.57, for a total transaction of $65,408.97. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Christine L. Koski sold 29,580 shares of Sun Hydraulics stock in a transaction on Friday, September 21st. The stock was sold at an average price of $56.86, for a total transaction of $1,681,918.80. The disclosure for this sale can be found here. Insiders sold a total of 97,101 shares of company stock worth $5,244,632 over the last 90 days. Company insiders own 7.80% of the company’s stock.

A number of large investors have recently made changes to their positions in SNHY. Clearstead Advisors LLC acquired a new stake in Sun Hydraulics during the 3rd quarter worth $205,000. Amalgamated Bank acquired a new stake in Sun Hydraulics during the 2nd quarter worth $211,000. Private Advisor Group LLC acquired a new stake in Sun Hydraulics during the 3rd quarter worth $219,000. Truvestments Capital LLC acquired a new stake in Sun Hydraulics during the 3rd quarter worth $222,000. Finally, D.A. Davidson & CO. purchased a new position in Sun Hydraulics during the 3rd quarter worth $223,000. Hedge funds and other institutional investors own 87.09% of the company’s stock.

Shares of SNHY traded down $1.76 during midday trading on Friday, reaching $37.12. The stock had a trading volume of 17,415 shares, compared to its average volume of 113,354. Sun Hydraulics has a 1-year low of $37.01 and a 1-year high of $70.83. The firm has a market capitalization of $1.29 billion, a price-to-earnings ratio of 23.16 and a beta of 1.67. The company has a current ratio of 2.14, a quick ratio of 1.17 and a debt-to-equity ratio of 0.68.

Sun Hydraulics (NASDAQ:SNHY) last announced its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.44 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.02). Sun Hydraulics had a net margin of 7.29% and a return on equity of 10.64%. The firm had revenue of $135.80 million during the quarter, compared to analyst estimates of $141.42 million. During the same quarter in the previous year, the business posted $0.43 earnings per share. Sun Hydraulics’s revenue for the quarter was up 54.3% compared to the same quarter last year. On average, analysts predict that Sun Hydraulics will post 1.74 earnings per share for the current fiscal year.

Sun Hydraulics Company Profile

Helios Technologies designs, manufactures, and sells screw-in hydraulic cartridge valves, manifolds, and integrated fluid power packages and subsystems used in hydraulic systems worldwide. The company operates through two segments, Hydraulics and Electronics. Its screw-in hydraulic cartridge valves and manifolds control force, speed, and motion as integral components in fluid power systems.

Read More: What is Compound Interest?

Analyst Recommendations for Sun Hydraulics (NASDAQ:SNHY)

Receive News & Ratings for Sun Hydraulics Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sun Hydraulics and related companies with MarketBeat.com's FREE daily email newsletter.