River & Mercantile Asset Management LLP raised its position in shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 35.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 263,111 shares of the industrial products company’s stock after purchasing an additional 69,212 shares during the period. River & Mercantile Asset Management LLP’s holdings in Hollysys Automation Technologies were worth $5,621,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. GSA Capital Partners LLP purchased a new position in Hollysys Automation Technologies during the second quarter valued at approximately $1,379,000. Employees Retirement System of Texas lifted its holdings in Hollysys Automation Technologies by 67.5% during the second quarter. Employees Retirement System of Texas now owns 139,000 shares of the industrial products company’s stock valued at $3,077,000 after purchasing an additional 56,000 shares in the last quarter. Millennium Management LLC lifted its holdings in Hollysys Automation Technologies by 12.3% during the second quarter. Millennium Management LLC now owns 249,503 shares of the industrial products company’s stock valued at $5,524,000 after purchasing an additional 27,266 shares in the last quarter. Sensato Investors LLC purchased a new position in Hollysys Automation Technologies during the second quarter valued at approximately $2,020,000. Finally, Todd Asset Management LLC lifted its holdings in Hollysys Automation Technologies by 0.6% during the second quarter. Todd Asset Management LLC now owns 551,258 shares of the industrial products company’s stock valued at $12,205,000 after purchasing an additional 3,355 shares in the last quarter. 75.16% of the stock is currently owned by institutional investors and hedge funds.
HOLI stock opened at $19.03 on Friday. Hollysys Automation Technologies Ltd has a one year low of $16.00 and a one year high of $28.35. The company has a current ratio of 3.17, a quick ratio of 3.05 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $1.20 billion, a PE ratio of 10.69 and a beta of 1.46.
Hollysys Automation Technologies (NASDAQ:HOLI) last released its earnings results on Tuesday, November 13th. The industrial products company reported $0.46 EPS for the quarter, missing the consensus estimate of $0.52 by ($0.06). Hollysys Automation Technologies had a return on equity of 13.69% and a net margin of 20.16%. The company had revenue of $138.72 million during the quarter, compared to analysts’ expectations of $137.58 million. During the same period last year, the firm posted $0.36 EPS. Hollysys Automation Technologies’s quarterly revenue was up 20.1% compared to the same quarter last year. On average, equities research analysts predict that Hollysys Automation Technologies Ltd will post 2.13 EPS for the current year.
The business also recently announced an annual dividend, which was paid on Monday, November 12th. Stockholders of record on Monday, October 22nd were issued a $0.18 dividend. This represents a dividend yield of 0.85%. The ex-dividend date of this dividend was Friday, October 19th. This is an increase from Hollysys Automation Technologies’s previous annual dividend of $0.12. Hollysys Automation Technologies’s payout ratio is 10.11%.
Several research firms have recently commented on HOLI. BidaskClub raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Tuesday, August 14th. Zacks Investment Research downgraded shares of Hollysys Automation Technologies from a “buy” rating to a “hold” rating in a report on Tuesday, August 14th. JPMorgan Chase & Co. downgraded shares of Hollysys Automation Technologies from an “overweight” rating to a “neutral” rating and set a $25.00 target price on the stock. in a report on Wednesday, August 15th. Finally, ValuEngine raised shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a report on Wednesday, September 26th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company’s stock. Hollysys Automation Technologies has a consensus rating of “Hold” and a consensus price target of $25.50.
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Hollysys Automation Technologies Company Profile
Hollysys Automation Technologies Ltd. provides automation and control technologies and products in the People's Republic of China, Southeast Asia, India, and the Middle East. The company offers a suite of industrial automation systems, including third-party hardware-centric products, such as instrumentation and actuators; proprietary software-centric distributed control systems/programmable logic controllers; and valued-added software packages comprising real-time management information system, HolliAS asset management system, operator training system, HolliAS batch application package, HolliAS advanced process control package, and safety instrumentation system, as well as HOLLiAS-NMS DCS, a proprietary nuclear power non-safety automation and control system.
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