Bank of New York Mellon Corp cut its holdings in shares of Sun Hydraulics Co. (NASDAQ:SNHY) by 0.6% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 228,357 shares of the industrial products company’s stock after selling 1,341 shares during the period. Bank of New York Mellon Corp owned 0.72% of Sun Hydraulics worth $11,004,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of Sun Hydraulics during the first quarter valued at approximately $100,000. Stratos Wealth Partners LTD. purchased a new position in shares of Sun Hydraulics during the first quarter valued at approximately $105,000. Amalgamated Bank purchased a new position in shares of Sun Hydraulics during the second quarter valued at approximately $211,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Sun Hydraulics during the first quarter valued at approximately $268,000. Finally, Xact Kapitalforvaltning AB increased its stake in shares of Sun Hydraulics by 69.7% during the first quarter. Xact Kapitalforvaltning AB now owns 5,358 shares of the industrial products company’s stock valued at $287,000 after buying an additional 2,200 shares during the period. 85.72% of the stock is currently owned by hedge funds and other institutional investors.

NASDAQ SNHY opened at $56.89 on Tuesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.06 and a current ratio of 1.78. Sun Hydraulics Co. has a twelve month low of $45.44 and a twelve month high of $70.83. The company has a market cap of $1.83 billion, a P/E ratio of 35.56 and a beta of 1.76.

Sun Hydraulics (NASDAQ:SNHY) last released its quarterly earnings results on Tuesday, August 7th. The industrial products company reported $0.43 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.55 by ($0.12). Sun Hydraulics had a net margin of 8.08% and a return on equity of 11.79%. The firm had revenue of $136.20 million for the quarter, compared to the consensus estimate of $139.80 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was up 52.5% compared to the same quarter last year. research analysts predict that Sun Hydraulics Co. will post 1.81 EPS for the current fiscal year.

In other Sun Hydraulics news, Director Christine L. Koski sold 1,221 shares of the business’s stock in a transaction on Monday, September 17th. The stock was sold at an average price of $53.57, for a total value of $65,408.97. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Tricia L. Fulton sold 7,500 shares of the business’s stock in a transaction on Tuesday, September 18th. The stock was sold at an average price of $54.21, for a total value of $406,575.00. Following the completion of the sale, the chief financial officer now directly owns 62,091 shares in the company, valued at $3,365,953.11. The disclosure for this sale can be found here. Insiders have sold 104,601 shares of company stock worth $5,620,982 over the last 90 days. 7.80% of the stock is currently owned by corporate insiders.

Several equities analysts have recently issued reports on SNHY shares. SunTrust Banks reduced their target price on Sun Hydraulics to $59.00 and set a “$49.53” rating on the stock in a research note on Wednesday, July 18th. They noted that the move was a valuation call. BidaskClub upgraded Sun Hydraulics from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded Sun Hydraulics from a “strong sell” rating to a “hold” rating in a research report on Wednesday, September 12th. Finally, Robert W. Baird set a $50.00 price target on Sun Hydraulics and gave the company a “hold” rating in a research report on Tuesday, August 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $60.33.

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.

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Institutional Ownership by Quarter for Sun Hydraulics (NASDAQ:SNHY)

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