California Public Employees Retirement System trimmed its position in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 72.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,502 shares of the industrial products company’s stock after selling 204,798 shares during the period. California Public Employees Retirement System owned approximately 0.13% of Hollysys Automation Technologies worth $1,653,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Legal & General Group Plc grew its position in Hollysys Automation Technologies by 67.4% in the 3rd quarter. Legal & General Group Plc now owns 7,346 shares of the industrial products company’s stock valued at $159,000 after buying an additional 2,957 shares during the last quarter. Financial Counselors Inc. purchased a new position in Hollysys Automation Technologies in the 3rd quarter valued at $205,000. Invictus RG purchased a new position in Hollysys Automation Technologies in the 3rd quarter valued at $357,000. BB&T Securities LLC grew its position in Hollysys Automation Technologies by 17.1% in the 3rd quarter. BB&T Securities LLC now owns 21,758 shares of the industrial products company’s stock valued at $470,000 after buying an additional 3,185 shares during the last quarter. Finally, State Street Corp grew its position in Hollysys Automation Technologies by 17.2% in the 2nd quarter. State Street Corp now owns 41,750 shares of the industrial products company’s stock valued at $693,000 after buying an additional 6,142 shares during the last quarter. Hedge funds and other institutional investors own 70.72% of the company’s stock.
A number of equities analysts recently weighed in on HOLI shares. BidaskClub lowered shares of Hollysys Automation Technologies from a “hold” rating to a “sell” rating in a research report on Saturday, December 9th. Zacks Investment Research lowered shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a research report on Friday, November 17th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $25.00 price objective (up from $23.00) on shares of Hollysys Automation Technologies in a research report on Monday, October 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. Hollysys Automation Technologies currently has a consensus rating of “Hold” and a consensus target price of $21.52.
Shares of Hollysys Automation Technologies Ltd (NASDAQ HOLI) opened at $25.43 on Friday. The company has a market cap of $1,515.79, a price-to-earnings ratio of 22.31 and a beta of 1.59. Hollysys Automation Technologies Ltd has a 1 year low of $15.08 and a 1 year high of $27.19. The company has a debt-to-equity ratio of 0.03, a quick ratio of 2.67 and a current ratio of 2.82.
Hollysys Automation Technologies (NASDAQ:HOLI) last issued its earnings results on Monday, November 13th. The industrial products company reported $0.36 EPS for the quarter, topping the consensus estimate of $0.32 by $0.04. The company had revenue of $115.50 million for the quarter. Hollysys Automation Technologies had a net margin of 15.46% and a return on equity of 9.65%. Hollysys Automation Technologies’s revenue for the quarter was up 11.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.37 earnings per share. sell-side analysts predict that Hollysys Automation Technologies Ltd will post 1.82 earnings per share for the current fiscal year.
Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. is a provider of automation and control technologies, and products. The Company’s segments include Industrial Automation (IA), Rail Transportation (rail), Mechanical and Electrical (M&E), and Miscellaneous. Its technologies are applied through its industrial automation solution suite, including the Distributed Control Systems, Programmable Logic Controller, Real-time Management Information System, HolliAS Asset Management System, Operator Training System, Batch Application Package, Advanced Process Control Package (HolliAS APC Suite), Safety Instrumentation System (SIS), railway signaling system of Train Control Center, Automatic Train Protection, Subway Supervisory and Control platform, nuclear power non-safety automation and control system HolliAs-NMS DCS and other products.
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