ValuEngine Downgrades Sun Hydraulics (SNHY) to Sell

Share on StockTwits

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

A number of other equities research analysts also recently weighed in on SNHY. BidaskClub upgraded shares of Sun Hydraulics from a sell rating to a hold rating in a research report on Tuesday, July 10th. Zacks Investment Research downgraded shares of Sun Hydraulics from a hold rating to a sell rating in a research report on Sunday, July 15th. SunTrust Banks lowered their price objective on shares of Sun Hydraulics to $59.00 and set a $49.53 rating for the company in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Finally, Robert W. Baird set a $50.00 price objective on shares of Sun Hydraulics and gave the company a hold rating in a research report on Tuesday, August 7th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $58.17.

Shares of NASDAQ SNHY traded up $0.78 during midday trading on Tuesday, reaching $41.30. The company’s stock had a trading volume of 178,983 shares, compared to its average volume of 169,297. The company has a current ratio of 2.14, a quick ratio of 1.06 and a debt-to-equity ratio of 0.68. Sun Hydraulics has a fifty-two week low of $37.01 and a fifty-two week high of $70.83. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 25.81 and a beta of 1.71.

Sun Hydraulics (NASDAQ:SNHY) last released its quarterly earnings results 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 10.64%. The business 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 firm posted $0.43 earnings per share. The firm’s quarterly revenue was up 54.3% on a year-over-year basis. On average, equities research analysts forecast that Sun Hydraulics will post 1.71 earnings per share for the current year.

The company also recently disclosed 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 yield of 0.87%. Sun Hydraulics’s dividend payout ratio is currently 22.50%.

In other Sun Hydraulics news, CFO Tricia L. Fulton sold 7,500 shares of the business’s stock in a transaction on Tuesday, September 18th. The shares were sold at an average price of $54.21, for a total transaction of $406,575.00. Following the sale, the chief financial officer now owns 62,091 shares of the company’s stock, valued at $3,365,953.11. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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. Over the last 90 days, insiders have sold 104,601 shares of company stock valued at $5,620,982. Company insiders own 7.80% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Amalgamated Bank bought a new stake in shares of Sun Hydraulics during the second quarter worth $211,000. Private Advisor Group LLC bought a new stake in shares of Sun Hydraulics in the third quarter worth $219,000. Truvestments Capital LLC bought a new stake in shares of Sun Hydraulics in the third quarter worth $222,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in shares of Sun Hydraulics in the second quarter worth $275,000. Finally, Xact Kapitalforvaltning AB grew its stake in shares of Sun Hydraulics by 69.7% in the first quarter. Xact Kapitalforvaltning AB now owns 5,358 shares of the industrial products company’s stock worth $287,000 after purchasing an additional 2,200 shares during the last quarter. 86.21% of the stock is currently owned by hedge funds and other institutional investors.

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.

Featured Story: What is the balance sheet?

To view ValuEngine’s full report, visit ValuEngine’s official website.

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.

Leave a Reply