Wolverine Trading LLC Purchases New Holdings in Sun Hydraulics Corporation (SNHY)
Wolverine Trading LLC purchased a new stake in Sun Hydraulics Corporation (NASDAQ:SNHY) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 10,295 shares of the industrial products company’s stock, valued at approximately $556,000.
Several other institutional investors and hedge funds have also bought and sold shares of the company. The Manufacturers Life Insurance Company lifted its holdings in shares of Sun Hydraulics by 0.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,347 shares of the industrial products company’s stock valued at $784,000 after buying an additional 54 shares during the period. Russell Investments Group Ltd. lifted its holdings in shares of Sun Hydraulics by 0.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 15,731 shares of the industrial products company’s stock valued at $671,000 after buying an additional 71 shares during the period. Rhumbline Advisers lifted its holdings in shares of Sun Hydraulics by 0.3% in the 2nd quarter. Rhumbline Advisers now owns 29,593 shares of the industrial products company’s stock valued at $1,263,000 after buying an additional 93 shares during the period. Legal & General Group Plc lifted its holdings in shares of Sun Hydraulics by 2.9% in the 2nd quarter. Legal & General Group Plc now owns 5,764 shares of the industrial products company’s stock valued at $247,000 after buying an additional 160 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Sun Hydraulics by 0.4% in the 2nd quarter. Stifel Financial Corp now owns 43,035 shares of the industrial products company’s stock valued at $1,830,000 after buying an additional 183 shares during the period. 79.46% of the stock is owned by institutional investors and hedge funds.
Several analysts have recently commented on SNHY shares. BidaskClub cut Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a report on Wednesday, December 6th. Zacks Investment Research cut Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. Robert W. Baird cut Sun Hydraulics from an “outperform” rating to a “neutral” rating and raised their price target for the company from $55.00 to $57.00 in a report on Friday, October 13th. Finally, Sidoti initiated coverage on Sun Hydraulics in a report on Thursday, September 14th. They set a “neutral” rating for the company. Three analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Buy” and an average target price of $60.00.
Sun Hydraulics Corporation (NASDAQ:SNHY) opened at $56.75 on Tuesday. The stock has a market capitalization of $1,550.00, a price-to-earnings ratio of 39.45 and a beta of 1.79. Sun Hydraulics Corporation has a 1-year low of $34.17 and a 1-year high of $63.63. The company has a current ratio of 2.62, a quick ratio of 1.96 and a debt-to-equity ratio of 0.43.
Sun Hydraulics (NASDAQ:SNHY) last issued its quarterly earnings data on Monday, November 6th. The industrial products company reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.07. The firm had revenue of $88.00 million during the quarter, compared to analysts’ expectations of $80.66 million. Sun Hydraulics had a return on equity of 15.54% and a net margin of 10.34%. Sun Hydraulics’s revenue was up 94.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.19 earnings per share. analysts predict that Sun Hydraulics Corporation will post 1.65 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Saturday, January 20th. Investors of record on Friday, January 5th will be issued a dividend of $0.09 per share. The ex-dividend date is Thursday, January 4th. This represents a $0.36 annualized dividend and a yield of 0.63%. Sun Hydraulics’s dividend payout ratio is presently 30.51%.
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About Sun Hydraulics
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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