First Trust Advisors LP Has $481,000 Stake in Hollysys Automation Technologies Ltd (NASDAQ:HOLI)

First Trust Advisors LP increased its stake in shares of Hollysys Automation Technologies Ltd (NASDAQ:HOLI) by 9.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,651 shares of the industrial products company’s stock after acquiring an additional 2,654 shares during the period. First Trust Advisors LP owned about 0.05% of Hollysys Automation Technologies worth $481,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. STA Wealth Management LLC acquired a new stake in Hollysys Automation Technologies in the 2nd quarter valued at $674,000. M&T Bank Corp increased its stake in Hollysys Automation Technologies by 10.4% in the 2nd quarter. M&T Bank Corp now owns 81,469 shares of the industrial products company’s stock valued at $1,548,000 after buying an additional 7,685 shares during the last quarter. California Public Employees Retirement System increased its stake in Hollysys Automation Technologies by 64.6% in the 3rd quarter. California Public Employees Retirement System now owns 106,238 shares of the industrial products company’s stock valued at $1,614,000 after buying an additional 41,694 shares during the last quarter. Royal Bank of Canada increased its stake in Hollysys Automation Technologies by 131.3% in the 2nd quarter. Royal Bank of Canada now owns 1,735 shares of the industrial products company’s stock valued at $33,000 after buying an additional 985 shares during the last quarter. Finally, BB&T Securities LLC increased its stake in Hollysys Automation Technologies by 1.7% in the 2nd quarter. BB&T Securities LLC now owns 61,481 shares of the industrial products company’s stock valued at $1,168,000 after buying an additional 1,030 shares during the last quarter. Hedge funds and other institutional investors own 74.77% of the company’s stock.

Several brokerages have issued reports on HOLI. Zacks Investment Research upgraded shares of Hollysys Automation Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday. Goldman Sachs Group upgraded shares of Hollysys Automation Technologies from a “neutral” rating to a “buy” rating and set a $18.70 price target on the stock in a research note on Monday, November 4th. BidaskClub lowered shares of Hollysys Automation Technologies from a “sell” rating to a “strong sell” rating in a research note on Friday, October 4th. Finally, ValuEngine upgraded shares of Hollysys Automation Technologies from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $20.23.

Shares of HOLI opened at $14.40 on Thursday. The firm has a 50-day moving average of $14.90 and a 200-day moving average of $16.45. Hollysys Automation Technologies Ltd has a one year low of $13.59 and a one year high of $24.10. The company has a market cap of $874.93 million, a PE ratio of 6.37 and a beta of 1.38. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.39 and a quick ratio of 3.25.

Hollysys Automation Technologies (NASDAQ:HOLI) last announced its quarterly earnings data on Wednesday, November 13th. The industrial products company reported $0.49 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Hollysys Automation Technologies had a net margin of 22.90% and a return on equity of 15.00%. The company had revenue of $123.23 million during the quarter. Analysts expect that Hollysys Automation Technologies Ltd will post 2.37 earnings per share for the current year.

The company also recently disclosed an annual dividend, which was paid on Tuesday, November 12th. Stockholders of record on Tuesday, October 22nd were given a $0.21 dividend. This represents a dividend yield of 1.38%. The ex-dividend date was Monday, October 21st. This is an increase from Hollysys Automation Technologies’s previous annual dividend of $0.18. Hollysys Automation Technologies’s dividend payout ratio (DPR) is 9.29%.

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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Institutional Ownership by Quarter for Hollysys Automation Technologies (NASDAQ:HOLI)

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