Sun Hydraulics Corporation (SNHY) Shares Bought by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in shares of Sun Hydraulics Corporation (NASDAQ:SNHY) by 1.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 860,138 shares of the industrial products company’s stock after buying an additional 10,448 shares during the period. Dimensional Fund Advisors LP owned about 3.19% of Sun Hydraulics Corporation worth $31,059,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in SNHY. Geode Capital Management LLC boosted its position in shares of Sun Hydraulics Corporation by 6.1% in the first quarter. Geode Capital Management LLC now owns 202,684 shares of the industrial products company’s stock valued at $7,318,000 after buying an additional 11,728 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Sun Hydraulics Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 1,806,387 shares of the industrial products company’s stock valued at $65,229,000 after buying an additional 76,652 shares during the last quarter. Loomis Sayles & Co. L P boosted its position in shares of Sun Hydraulics Corporation by 6.9% in the first quarter. Loomis Sayles & Co. L P now owns 131,020 shares of the industrial products company’s stock valued at $4,731,000 after buying an additional 8,493 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC boosted its position in shares of Sun Hydraulics Corporation by 3.3% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 132,724 shares of the industrial products company’s stock valued at $4,793,000 after buying an additional 4,271 shares during the last quarter. Finally, Ngam Advisors L.P. boosted its stake in Sun Hydraulics Corporation by 60.2% in the first quarter. Ngam Advisors L.P. now owns 61,726 shares of the industrial products company’s stock valued at $2,229,000 after buying an additional 23,186 shares during the last quarter. Institutional investors and hedge funds own 79.50% of the company’s stock.

Sun Hydraulics Corporation (NASDAQ:SNHY) traded up 0.43% on Friday, hitting $46.32. The stock had a trading volume of 110,317 shares. The company’s 50 day moving average price is $43.18 and its 200-day moving average price is $40.00. Sun Hydraulics Corporation has a 12-month low of $28.45 and a 12-month high of $48.44. The company has a market cap of $1.25 billion, a price-to-earnings ratio of 48.76 and a beta of 1.81.

Sun Hydraulics Corporation (NASDAQ:SNHY) last released its earnings results on Monday, August 7th. The industrial products company reported $0.52 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.39 by $0.13. The firm had revenue of $89.30 million during the quarter, compared to analysts’ expectations of $79.18 million. Sun Hydraulics Corporation had a return on equity of 13.25% and a net margin of 9.63%. The company’s revenue was up 75.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Equities research analysts anticipate that Sun Hydraulics Corporation will post $1.56 EPS for the current year.

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SNHY has been the subject of several recent analyst reports. Zacks Investment Research upgraded Sun Hydraulics Corporation from a “hold” rating to a “strong-buy” rating and set a $54.00 target price for the company in a research note on Friday, August 11th. BidaskClub cut Sun Hydraulics Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, TheStreet upgraded Sun Hydraulics Corporation from a “c” rating to a “b” rating in a research note on Monday, May 8th.

In related news, Director Christine L. Koski sold 14,753 shares of the firm’s stock in a transaction dated Monday, August 14th. The shares were sold at an average price of $47.01, for a total value of $693,538.53. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Allen J. Carlson sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, May 24th. The shares were sold at an average price of $43.00, for a total transaction of $387,000.00. Following the completion of the sale, the director now owns 35,000 shares of the company’s stock, valued at $1,505,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 134,440 shares of company stock valued at $6,065,767. Company insiders own 10.70% of the company’s stock.

Sun Hydraulics Corporation Company Profile

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.

Institutional Ownership by Quarter for Sun Hydraulics Corporation (NASDAQ:SNHY)

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