Sun Hydraulics Corporation (NASDAQ:SNHY) Director Christine L. Koski sold 15,000 shares of the firm’s stock in a transaction on Wednesday, September 6th. The stock was sold at an average price of $49.87, for a total transaction of $748,050.00. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Shares of Sun Hydraulics Corporation (NASDAQ:SNHY) traded down 2.05% during mid-day trading on Thursday, hitting $49.63. 281,643 shares of the stock traded hands. The firm’s 50 day moving average price is $45.05 and its 200-day moving average price is $40.81. Sun Hydraulics Corporation has a 12-month low of $28.45 and a 12-month high of $51.17. The stock has a market cap of $1.34 billion, a P/E ratio of 52.24 and a beta of 1.78.

Sun Hydraulics Corporation (NASDAQ:SNHY) last posted its quarterly earnings data on Monday, August 7th. The industrial products company reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.39 by $0.13. Sun Hydraulics Corporation had a net margin of 9.63% and a return on equity of 13.25%. The company had revenue of $89.30 million during the quarter, compared to analyst estimates of $79.18 million. During the same quarter last year, the firm posted $0.26 EPS. The business’s revenue for the quarter was up 75.8% on a year-over-year basis. Analysts predict that Sun Hydraulics Corporation will post $1.56 earnings per share for the current year.

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Large investors have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its position in shares of Sun Hydraulics Corporation by 6.3% during the 1st quarter. Victory Capital Management Inc. now owns 3,452 shares of the industrial products company’s stock valued at $125,000 after purchasing an additional 204 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Sun Hydraulics Corporation by 542.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 3,486 shares of the industrial products company’s stock valued at $149,000 after purchasing an additional 2,943 shares in the last quarter. Commerce Bank bought a new position in shares of Sun Hydraulics Corporation during the 2nd quarter valued at about $231,000. Legal & General Group Plc boosted its position in shares of Sun Hydraulics Corporation by 2.9% during the 2nd quarter. Legal & General Group Plc now owns 5,764 shares of the industrial products company’s stock valued at $247,000 after purchasing an additional 160 shares in the last quarter. Finally, Affinity Investment Advisors LLC bought a new position in shares of Sun Hydraulics Corporation during the 2nd quarter valued at about $247,000. Institutional investors own 80.18% of the company’s stock.

Several research analysts have issued reports on the stock. Zacks Investment Research raised shares of Sun Hydraulics Corporation from a “hold” rating to a “strong-buy” rating and set a $54.00 price objective on the stock in a research report on Friday, August 11th. BidaskClub raised shares of Sun Hydraulics Corporation from a “strong sell” rating to a “sell” rating in a research report on Friday, August 11th.

About Sun Hydraulics Corporation

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.

Insider Buying and Selling by Quarter for Sun Hydraulics Corporation (NASDAQ:SNHY)

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