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SNHY

Helios Technologies

$52.85

1.6 (3.12%)

16:25
08/06/18
08/06
16:25
08/06/18
16:25

Helios Technologies acquires Custom Fluidpower for $26M in cash, stock

Helios Technologies announced that it acquired the shares of Custom Fluidpower for $26M on August 1, 2018. The acquisition was funded using cash, approximately $9.3M, as well as shares of Helios stock, approximately 333,000 shares. Custom Fluidpower is Australia's largest independently-owned fluid power solutions and service provider, serving a broad array of industrial end markets, the company said. Custom Fluidpower recorded sales of approximately $46M and an EBITDA margin of approximately 9.7% for its fiscal year ended June 30, 2018. The acquisition is expected to be earnings accretive in year one. Custom Fluidpower will be reported as part of Helios' Hydraulics Segment.

  • 07

    Aug

SNHY Helios Technologies
$52.85

1.6 (3.12%)

03/23/18
03/23/18
INITIATION

On The Fly: Top five analyst initiations
Catch up on today's top five analyst initiations with this list compiled by The Fly: 1. American Eagle (AEO) initiated with a Buy at Loop Capital. 2. GoDaddy (GDDY) initiated with a Buy at Goldman Sachs while Wix.com (WIX) was initiated with a Neutral. 3. KAR Auction (KAR) and Copart (CPRT) were initiated with a Buy at SunTrust while Monro (MNRO) was initiated with a Hold. 4. Talend (TLND) initiated with a Buy at Needham. 5. Sun Hydraulics (SNHY) initiated with a Buy at Stifel. This list is just a portion of The Fly's analyst coverage. To see The Fly's full Street Research coverage, click here.
05/08/18
KEYB
05/08/18
NO CHANGE
Target $62
KEYB
Overweight
Sun Hydraulics price target lowered to $62 from $67 at KeyBanc
KeyBanc analyst Jeffrey Hammond lowered his price target for Sun Hydraulics to $62 from $67 following the company's Q1 earnings release. The analyst reiterates an Overweight rating on the shares.
05/08/18
SIDC
05/08/18
DOWNGRADE
SIDC
Neutral
Sun Hydraulics downgraded to Neutral from Buy at Sidoti
07/18/18
RHCO
07/18/18
NO CHANGE
Target $59
RHCO
Buy
Sun Hydraulics price target lowered to $59 from $64 at SunTrust
SunTrust analyst Charles Brady lowered his price target on Sun Hydraulics to $59, reflecting his model changes from an "increase in amortization assumption owing to the Faster Group acquisition and a slight reduction in the FY19 revenue assumption for the Hydraulics segment". The analyst also lowers his FY18 EPS view to $1.94 to $2.25 to reflect the changes, but keeps his Buy rating, stating that Sun Hydraulics remains "in the early stages of its transformation to a high growth, high margin company with a valuation that does not yet recognize the company's above average organic growth potential".

TODAY'S FREE FLY STORIES

SCS

Steelcase

$17.49

-0.115 (-0.65%)

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PRGO

Perrigo

$49.20

0.52 (1.07%)

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TRMK

Trustmark

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-0.7 (-1.99%)

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  • 23

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WIX

Wix.com

$108.92

1.02 (0.95%)

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CG

Carlyle Group

$19.00

-0.23 (-1.20%)

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INVH

Invitation Homes

$23.31

-0.23 (-0.98%)

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Syndicate
Invitation Homes files to sell 43M shares of common stock for holders »

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  • 19

    Mar

SCS

Steelcase

$17.49

-0.115 (-0.65%)

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Earnings
Steelcase sees FY20 EPS $1.20-$1.35, consensus $1.32 »

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BA

Boeing

$373.87

1.77 (0.48%)

16:48
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Periodicals
Boeing CEO says understands 'lives depend' on jet safety, Reuters says »

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  • 19

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SCS

Steelcase

$17.49

-0.115 (-0.65%)

16:47
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16:47
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Earnings
Steelcase sees Q1 EPS 16c-20c, consensus 20c »

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EOLS

Evolus

, AGN

Allergan

$154.13

3.41 (2.26%)

16:46
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16:46
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Initiation
Evolus, Allergan initiated  »

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AGN

Allergan

$154.13

3.41 (2.26%)

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  • 25

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NVCR

Novocure

$50.99

-0.11 (-0.22%)

16:45
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Initiation
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  • 19

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SCS

Steelcase

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-0.115 (-0.65%)

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Earnings
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MYL

Mylan

$28.61

0.44 (1.56%)

16:44
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ALTR

Altair

$37.68

-0.51 (-1.34%)

16:43
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MNK

Mallinckrodt

$23.19

0.49 (2.16%)

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Initiation
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  • 27

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LCI

Lannett

$8.05

0.17 (2.16%)

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16:40
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JAZZ

Jazz Pharmaceuticals

$135.47

1.02 (0.76%)

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  • 20

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NVRO

Nevro

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0.37 (0.83%)

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NVRO

Nevro

$44.76

0.37 (0.83%)

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  • 20

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ENDP

Endo

$8.78

0.19 (2.21%)

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Initiation
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METC

Ramaco Resources

$5.67

0.09 (1.61%)

16:38
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  • 20

    Mar

COST

Costco

$237.05

0.43 (0.18%)

16:38
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Initiation
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  • 16

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TRN

Trinity Industries

$22.46

-0.25 (-1.10%)

16:38
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16:38
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Conference/Events
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  • 26

    Mar

COLL

Collegium Pharmaceutical

$17.35

-0.25 (-1.42%)

16:38
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Initiation
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