Sun Hydraulics (SNHY) Cut to “Sell” at ValuEngine

ValuEngine cut shares of Sun Hydraulics (NASDAQ:SNHY) from a hold rating to a sell rating in a research report released on Tuesday.

SNHY has been the topic of a number of other reports. 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 research report on Thursday, September 20th. SunTrust Banks lowered their price objective on shares of Sun Hydraulics to $59.00 and set a $49.53 rating on the stock in a research report on Wednesday, July 18th. They noted that the move was a valuation call. BidaskClub lowered shares of Sun Hydraulics from a hold rating to a sell rating in a research report on Monday, July 16th. Finally, Zacks Investment Research upgraded shares of Sun Hydraulics from a strong sell rating to a hold rating in a research report on Wednesday, September 12th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company’s stock. Sun Hydraulics has an average rating of Hold and a consensus price target of $58.17.

NASDAQ:SNHY traded up $0.28 during midday trading on Tuesday, reaching $40.80. The stock had a trading volume of 4,911 shares, compared to its average volume of 157,910. Sun Hydraulics has a 12-month low of $37.01 and a 12-month high of $70.83. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.78 and a quick ratio of 1.06. The firm has a market cap of $1.20 billion, a price-to-earnings ratio of 25.54 and a beta of 1.71.

Sun Hydraulics (NASDAQ:SNHY) last posted its quarterly earnings data on Tuesday, November 6th. The industrial products company reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Sun Hydraulics had a net margin of 7.29% and a return on equity of 11.20%. The firm had revenue of $135.80 million during the quarter, compared to analysts’ expectations of $141.42 million. During the same quarter last year, the business earned $0.43 earnings per share. The business’s quarterly revenue was up 54.3% on a year-over-year basis. As a group, analysts expect that Sun Hydraulics will post 1.72 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Saturday, October 20th. Shareholders of record on Friday, October 5th were given a dividend of $0.09 per share. The ex-dividend date was Thursday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.88%. Sun Hydraulics’s payout ratio is currently 22.50%.

In other Sun Hydraulics news, Director Christine L. Koski sold 7,500 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $50.18, for a total transaction of $376,350.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Christine L. Koski sold 22,500 shares of the business’s stock in a transaction on Monday, September 10th. The stock was sold at an average price of $51.21, for a total transaction of $1,152,225.00. The disclosure for this sale can be found here. Insiders have sold a total of 104,601 shares of company stock worth $5,620,982 over the last 90 days. Insiders own 7.80% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Private Advisor Group LLC purchased a new stake in shares of Sun Hydraulics during the 3rd quarter worth $219,000. Truvestments Capital LLC acquired a new position in shares of Sun Hydraulics during the 3rd quarter worth $222,000. Amalgamated Bank acquired a new position in shares of Sun Hydraulics during the 2nd quarter worth $211,000. Xact Kapitalforvaltning AB raised its stake in shares of Sun Hydraulics by 69.7% during the 1st quarter. Xact Kapitalforvaltning AB now owns 5,358 shares of the industrial products company’s stock worth $287,000 after buying an additional 2,200 shares during the last quarter. Finally, LPL Financial LLC acquired a new position in shares of Sun Hydraulics during the 1st quarter worth $291,000. Institutional investors own 86.21% of the company’s stock.

About Sun Hydraulics

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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Analyst Recommendations for Sun Hydraulics (NASDAQ:SNHY)

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