Barrow Hanley Mewhinney & Strauss LLC Sells 2,354 Shares of Sun Hydraulics Co. (SNHY)

Barrow Hanley Mewhinney & Strauss LLC lowered its stake in shares of Sun Hydraulics Co. (NASDAQ:SNHY) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 127,251 shares of the industrial products company’s stock after selling 2,354 shares during the period. Barrow Hanley Mewhinney & Strauss LLC’s holdings in Sun Hydraulics were worth $8,232,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Royce & Associates LP grew its stake in shares of Sun Hydraulics by 6.3% during the third quarter. Royce & Associates LP now owns 2,263,053 shares of the industrial products company’s stock worth $122,205,000 after purchasing an additional 134,273 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Sun Hydraulics by 4.1% during the second quarter. Vanguard Group Inc. now owns 1,880,090 shares of the industrial products company’s stock worth $80,223,000 after purchasing an additional 73,703 shares in the last quarter. BlackRock Inc. grew its stake in shares of Sun Hydraulics by 1.6% during the fourth quarter. BlackRock Inc. now owns 1,528,385 shares of the industrial products company’s stock worth $98,872,000 after purchasing an additional 24,334 shares in the last quarter. Wasatch Advisors Inc. grew its stake in shares of Sun Hydraulics by 94.6% during the fourth quarter. Wasatch Advisors Inc. now owns 1,469,841 shares of the industrial products company’s stock worth $95,084,000 after purchasing an additional 714,473 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its stake in shares of Sun Hydraulics by 17.8% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,222,892 shares of the industrial products company’s stock worth $79,109,000 after purchasing an additional 184,415 shares in the last quarter. 68.94% of the stock is currently owned by institutional investors and hedge funds.

Sun Hydraulics Co. (SNHY) opened at $54.14 on Wednesday. The company has a quick ratio of 1.96, a current ratio of 2.62 and a debt-to-equity ratio of 0.43. Sun Hydraulics Co. has a 12 month low of $34.17 and a 12 month high of $70.83. The stock has a market cap of $1,746.35, a price-to-earnings ratio of 45.50 and a beta of 1.68.

A number of equities analysts recently commented on SNHY shares. BidaskClub downgraded shares of Sun Hydraulics from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, December 6th. SunTrust Banks started coverage on shares of Sun Hydraulics in a research note on Monday, February 5th. They set a “buy” rating for the company. Sidoti upgraded shares of Sun Hydraulics from a “neutral” rating to a “buy” rating and set a $69.00 target price for the company in a research note on Tuesday, February 13th. Zacks Investment Research downgraded shares of Sun Hydraulics from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Finally, KeyCorp assumed coverage on shares of Sun Hydraulics in a research note on Monday, February 5th. They issued an “overweight” rating and a $67.00 price objective for the company. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $63.50.

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Sun Hydraulics 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.

Want to see what other hedge funds are holding SNHY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sun Hydraulics Co. (NASDAQ:SNHY).

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

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