Trade Report: Today, Sun Hydraulics Corp. (SNHY) Stake Raised by Deprince Race & Zollo Inc.

Today, Sun Hydraulics Corp. (SNHY) Stake Raised by Deprince Race & Zollo Inc.

Deprince Race & Zollo Inc. raised its position in Sun Hydraulics Corp. (NASDAQ:SNHY) by 3.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 125,722 shares of the company’s stock after buying an additional 4,130 shares during the period. Deprince Race & Zollo Inc. owned about 0.47% of Sun Hydraulics Corp. worth $4,057,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of SNHY. American International Group Inc. raised its position in shares of Sun Hydraulics Corp. by 0.7% in the second quarter. American International Group Inc. now owns 13,394 shares of the company’s stock valued at $398,000 after buying an additional 89 shares in the last quarter. BB&T Securities LLC raised its position in shares of Sun Hydraulics Corp. by 2.4% in the second quarter. BB&T Securities LLC now owns 7,365 shares of the company’s stock valued at $218,000 after buying an additional 175 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Sun Hydraulics Corp. by 1.0% in the second quarter. California State Teachers Retirement System now owns 48,789 shares of the company’s stock valued at $1,449,000 after buying an additional 499 shares in the last quarter. Rhumbline Advisers raised its position in shares of Sun Hydraulics Corp. by 1.9% in the second quarter. Rhumbline Advisers now owns 27,433 shares of the company’s stock valued at $814,000 after buying an additional 512 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of Sun Hydraulics Corp. by 18.7% in the third quarter. Victory Capital Management Inc. now owns 3,329 shares of the company’s stock valued at $107,000 after buying an additional 525 shares in the last quarter. Institutional investors and hedge funds own 77.34% of the company’s stock.

Sun Hydraulics Corp. (NASDAQ:SNHY) traded up 2.27% during midday trading on Friday, reaching $40.50. The company’s stock had a trading volume of 39,272 shares. Sun Hydraulics Corp. has a 52 week low of $24.00 and a 52 week high of $41.04. The firm has a 50 day moving average price of $32.98 and a 200-day moving average price of $30.85. The firm has a market cap of $1.09 billion, a P/E ratio of 43.04 and a beta of 1.74.

Sun Hydraulics Corp. (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, November 7th. The company reported $0.19 EPS for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.01. Sun Hydraulics Corp. had a return on equity of 10.91% and a net margin of 13.22%. The business had revenue of $45.20 million for the quarter, compared to analyst estimates of $46.49 million. During the same quarter in the prior year, the company earned $0.32 earnings per share. The company’s quarterly revenue was down 5.8% on a year-over-year basis. On average, analysts forecast that Sun Hydraulics Corp. will post $0.94 earnings per share for the current fiscal year.

Several equities analysts recently issued reports on SNHY shares. Zacks Investment Research lowered Sun Hydraulics Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, August 9th. Robert W. Baird upgraded Sun Hydraulics Corp. from a “neutral” rating to an “outperform” rating and boosted their price target for the company from $27.00 to $35.00 in a research note on Tuesday, November 8th.

In other news, Director Christine L. Koski sold 23,410 shares of the stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $31.84, for a total transaction of $745,374.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Christine L. Koski sold 8,000 shares of the stock in a transaction dated Wednesday, October 5th. The stock was sold at an average price of $32.17, for a total transaction of $257,360.00. The disclosure for this sale can be found here. Insiders own 10.70% of the company’s stock.

About Sun Hydraulics Corp.

Sun Hydraulics Corporation (Sun) designs and manufactures screw-in hydraulic cartridge valves and manifolds, which control force, speed and motion as integral components in fluid power systems. The Company operates through manufacturing and distribution of hydraulic components segment. The Company, at components level, designs and manufactures screw-in hydraulic cartridge valves, manifolds, and integrates fluid power packages and subsystems.

Related posts

Leave a Comment