Wells Fargo & Company MN boosted its stake in Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 405,692.7% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 779,122 shares of the industrial products company’s stock after acquiring an additional 778,930 shares during the period. Wells Fargo & Company MN owned 1.29% of Hollysys Automation Technologies worth $16,837,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the stock. Legal & General Group Plc boosted its holdings in Hollysys Automation Technologies by 67.4% in the third quarter. Legal & General Group Plc now owns 7,346 shares of the industrial products company’s stock valued at $159,000 after acquiring an additional 2,957 shares in the last quarter. Nordea Investment Management AB boosted its holdings in Hollysys Automation Technologies by 4.7% in the third quarter. Nordea Investment Management AB now owns 582,375 shares of the industrial products company’s stock valued at $12,585,000 after acquiring an additional 25,900 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Hollysys Automation Technologies by 65.4% in the third quarter. Bank of New York Mellon Corp now owns 923,188 shares of the industrial products company’s stock valued at $19,950,000 after acquiring an additional 364,971 shares in the last quarter. Candriam Luxembourg S.C.A. boosted its holdings in Hollysys Automation Technologies by 13.3% in the third quarter. Candriam Luxembourg S.C.A. now owns 353,233 shares of the industrial products company’s stock valued at $7,633,000 after acquiring an additional 41,365 shares in the last quarter. Finally, Edinburgh Partners Ltd boosted its holdings in Hollysys Automation Technologies by 235.5% in the third quarter. Edinburgh Partners Ltd now owns 61,400 shares of the industrial products company’s stock valued at $1,327,000 after acquiring an additional 43,100 shares in the last quarter. Institutional investors and hedge funds own 70.67% of the company’s stock.
Shares of Hollysys Automation Technologies Ltd (NASDAQ HOLI) traded down $0.45 during trading on Friday, reaching $22.95. The company’s stock had a trading volume of 366,964 shares, compared to its average volume of 251,622. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.82 and a quick ratio of 2.67. The stock has a market capitalization of $1,410.00, a price-to-earnings ratio of 20.49 and a beta of 1.58. Hollysys Automation Technologies Ltd has a fifty-two week low of $15.08 and a fifty-two week high of $27.19.
Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Monday, November 13th. The industrial products company reported $0.36 EPS for the quarter, beating the consensus estimate of $0.32 by $0.04. The business had revenue of $115.50 million during the quarter. Hollysys Automation Technologies had a return on equity of 9.65% and a net margin of 15.46%. The business’s quarterly revenue was up 11.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.37 EPS. equities analysts expect that Hollysys Automation Technologies Ltd will post 1.82 EPS for the current year.
Several research firms recently weighed in on HOLI. BidaskClub upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Friday, January 5th. Zacks Investment Research raised Hollysys Automation Technologies from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Finally, Deutsche Bank reissued a “buy” rating and set a $25.00 price objective (up previously from $23.00) on shares of Hollysys Automation Technologies in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $21.52.
About Hollysys Automation Technologies
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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