Sun Hydraulics Corporation (NASDAQ:SNHY) continues it upward run

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The stock of Sun Hydraulics Corporation (NASDAQ:SNHY) continues to show upwards momentum with the shares of the company up by 5 cents after reaching an all time high yesterday.

According to analysts Sun Hydraulics Corporation (NASDAQ:SNHY) is on track to reach $55.57 target or 9.00% above yesterday’s $50.98 share price. This indicates more upside for the $1.38B company. Sun Hydraulics Corporation (NASDAQ:SNHY) has risen 43.99% since September 13, 2016 and is uptrending. It has outperformed by 27.29% the S&P500.

Since March 31, 2017, it had 0 insider buys, and 16 insider sales for $11.23 million activity. The insider KOSKI CHRISTINE L sold 20,000 shares worth $799,809. On Wednesday, May 24 the insider CARLSON ALLEN J sold $387,000. BERTONECHE MARC sold $420,005 worth of Sun Hydraulics Corporation (NASDAQ:SNHY) on Monday, May 15. The insider Fulton Tricia L sold 3,000 shares worth $123,750.

Sun Hydraulics Corporation develops and makes solutions for the hydraulics and electronics markets. The company has market cap of $1.38 billion. It is engaged in power controls and vehicle technologies lines of business. It has a 53.7 P/E ratio. The Firm operates through two divisions including hydraulics and electronics.

Investors sentiment increased to 1.7 in 2016 Q4. Its up 0.23, from 1.47 in 2016Q3. It improved, as 8 investors sold Sun Hydraulics Corporation shares while 36 reduced holdings. 15 funds opened positions while 33 raised stakes. 20.69 million shares or 0.62% less from 20.81 million shares in 2016Q3 were reported. Moreover, Royal Financial Bank Of Canada has 0% invested in Sun Hydraulics Corporation (NASDAQ:SNHY) for 17,881 shares. Ngam Advisors L P, a Massachusetts-based fund reported 38,540 shares. Wexford Capital Lp owns 0.07% invested in Sun Hydraulics Corporation (NASDAQ:SNHY) for 16,233 shares. Bnp Paribas Arbitrage Sa reported 0% of its portfolio in Sun Hydraulics Corporation (NASDAQ:SNHY). 26,265 are held by Credit Agricole S A. Wells Fargo & Mn reported 131,345 shares. Moreover, Cs Mckee Lp has 0.09% invested in Sun Hydraulics Corporation (NASDAQ:SNHY). Great West Life Assurance Can stated it has 0% in Sun Hydraulics Corporation (NASDAQ:SNHY). Dimensional Fund Ltd Partnership has invested 0.02% in Sun Hydraulics Corporation (NASDAQ:SNHY). Manufacturers Life Company The holds 0% or 16,129 shares in its portfolio. The Florida-based State Board Of Administration Of Florida Retirement Systems has invested 0% in Sun Hydraulics Corporation (NASDAQ:SNHY). Morgan Dempsey Mngmt Ltd Liability Com has 0.7% invested in Sun Hydraulics Corporation (NASDAQ:SNHY). Rhumbline Advisers holds 0% of its portfolio in Sun Hydraulics Corporation (NASDAQ:SNHY) for 29,623 shares. Tower Cap Ltd Liability Corporation (Trc) reported 123 shares or 0% of all its holdings. Blair William Communications Il invested in 0% or 6,459 shares.

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