Zacks Investment Research cut shares of Hollysys Automation Technologies (NASDAQ:HOLI) from a buy rating to a hold rating in a research report report published on Friday, November 17th.
According to Zacks, “HLS SYSTEMS INTERNATIONAL has become one of the leading automation systems providers in the People’s Republic of China, developing a number of core technologies and completing numerous projects utilizing a wide array of automation products. With its philosophy of sincere concern for customers and its technical innovation capabilities, HLS Systems International specializes in the research, development, production, sale and distribution of industrial automation for digital railway signals and information systems, e-government, motor drive transmissions and safety controls for nuclear power reactors. “
Several other analysts have also issued reports on the stock. Deutsche Bank restated a buy rating and set a $25.00 price target (up from $23.00) on shares of Hollysys Automation Technologies in a research report on Monday, October 2nd. Instinet reissued a reduce rating and issued a $12.31 price target on shares of Hollysys Automation Technologies in a research note on Tuesday, August 15th. BidaskClub raised shares of Hollysys Automation Technologies from a sell rating to a hold rating in a research note on Tuesday, August 1st. J P Morgan Chase & Co raised shares of Hollysys Automation Technologies from a neutral rating to an overweight rating and set a $22.60 price target for the company in a research note on Tuesday, August 15th. Finally, TheStreet upgraded shares of Hollysys Automation Technologies from a c+ rating to a b rating in a report on Thursday, August 10th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. Hollysys Automation Technologies presently has a consensus rating of Hold and an average target price of $21.52.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its quarterly earnings results on Monday, November 13th. The industrial products company reported $0.36 EPS for the quarter, beating analysts’ consensus estimates of $0.32 by $0.04. The firm had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a net margin of 15.46% and a return on equity of 9.65%. The firm’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter last year, the firm earned $0.37 earnings per share. analysts expect that Hollysys Automation Technologies will post 1.82 earnings per share for the current fiscal year.
The company also recently declared an annual dividend, which was paid on Monday, November 6th. Stockholders of record on Monday, October 16th were issued a dividend of $0.12 per share. This represents a dividend yield of 0.56%. The ex-dividend date was Friday, October 13th. Hollysys Automation Technologies’s payout ratio is 10.53%.
Large investors have recently bought and sold shares of the company. Davis Selected Advisers boosted its holdings in Hollysys Automation Technologies by 168.7% in the second quarter. Davis Selected Advisers now owns 3,391,934 shares of the industrial products company’s stock worth $56,340,000 after purchasing an additional 2,129,546 shares during the last quarter. Hermes Investment Management Ltd. boosted its holdings in Hollysys Automation Technologies by 265.1% in the second quarter. Hermes Investment Management Ltd. now owns 2,130,121 shares of the industrial products company’s stock worth $35,381,000 after purchasing an additional 1,546,614 shares during the last quarter. Wells Fargo & Company MN boosted its holdings in Hollysys Automation Technologies by 405,692.7% in the third quarter. Wells Fargo & Company MN now owns 779,122 shares of the industrial products company’s stock worth $16,837,000 after purchasing an additional 778,930 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Hollysys Automation Technologies by 65.4% in the third quarter. Bank of New York Mellon Corp now owns 923,188 shares of the industrial products company’s stock worth $19,950,000 after purchasing an additional 364,971 shares during the last quarter. Finally, Vident Investment Advisory LLC boosted its holdings in Hollysys Automation Technologies by 43.4% in the third quarter. Vident Investment Advisory LLC now owns 1,158,939 shares of the industrial products company’s stock worth $25,045,000 after purchasing an additional 350,648 shares during the last quarter. Hedge funds and other institutional investors own 70.73% of the company’s stock.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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