Helios Technologies (NASDAQ:HLIO) Sees Unusually-High Trading Volume – Here’s Why

Helios Technologies, Inc. (NASDAQ:HLIO) shares saw unusually-high trading volume on Friday . Approximately 109,320 shares changed hands during mid-day trading, a decline of 28% from the previous session’s volume of 151,498 shares.The stock last traded at $45.07 and had previously closed at $46.10.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus lowered their price objective on Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th.

Helios Technologies Stock Performance

The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The stock’s 50 day moving average price is $49.56 and its 200 day moving average price is $46.69. The company has a market capitalization of $1.46 billion, a P/E ratio of 38.99 and a beta of 0.88.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The business had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $196.41 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts expect that Helios Technologies, Inc. will post 2.14 EPS for the current year.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Friday, January 3rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.82%. Helios Technologies’s payout ratio is currently 31.86%.

Insiders Place Their Bets

In other news, Director Diana Sacchi sold 615 shares of the company’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $53.91, for a total transaction of $33,154.65. Following the transaction, the director now owns 3,636 shares in the company, valued at approximately $196,016.76. This represents a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.70% of the company’s stock.

Institutional Trading of Helios Technologies

Several large investors have recently made changes to their positions in HLIO. Thrivent Financial for Lutherans boosted its holdings in Helios Technologies by 30.8% in the third quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company’s stock worth $86,821,000 after acquiring an additional 428,110 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of Helios Technologies by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock worth $61,333,000 after purchasing an additional 54,205 shares during the period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Helios Technologies in the 2nd quarter worth $42,900,000. State Street Corp grew its position in Helios Technologies by 0.6% in the 3rd quarter. State Street Corp now owns 773,777 shares of the company’s stock valued at $36,909,000 after purchasing an additional 4,699 shares during the period. Finally, Geode Capital Management LLC increased its stake in Helios Technologies by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 752,544 shares of the company’s stock valued at $35,904,000 after purchasing an additional 7,871 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.