Conestoga Capital Advisors LLC Sells 107,960 Shares of Helios Technologies, Inc $HLIO

Conestoga Capital Advisors LLC decreased its position in Helios Technologies, Inc (NYSE:HLIO) by 6.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,552,064 shares of the company’s stock after selling 107,960 shares during the quarter. Helios Technologies makes up approximately 1.4% of Conestoga Capital Advisors LLC’s portfolio, making the stock its 29th largest holding. Conestoga Capital Advisors LLC’s holdings in Helios Technologies were worth $83,020,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of HLIO. Triumph Capital Management bought a new position in shares of Helios Technologies in the third quarter valued at approximately $36,000. Quarry LP raised its position in shares of Helios Technologies by 948.6% in the third quarter. Quarry LP now owns 1,164 shares of the company’s stock valued at $61,000 after purchasing an additional 1,053 shares during the period. State of Alaska Department of Revenue bought a new position in shares of Helios Technologies in the third quarter valued at approximately $96,000. CWM LLC raised its position in shares of Helios Technologies by 14.2% in the third quarter. CWM LLC now owns 1,886 shares of the company’s stock valued at $98,000 after purchasing an additional 234 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Helios Technologies by 39.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $141,000 after purchasing an additional 1,196 shares during the period. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Trading Up 2.2%

Shares of Helios Technologies stock opened at $68.34 on Friday. The company’s fifty day simple moving average is $68.04 and its 200-day simple moving average is $62.07. The company has a market cap of $2.26 billion, a price-to-earnings ratio of 47.13 and a beta of 1.25. The company has a current ratio of 2.90, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. Helios Technologies, Inc has a 1 year low of $27.12 and a 1 year high of $76.47.

Helios Technologies (NYSE:HLIO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.09. The business had revenue of $210.70 million for the quarter. Helios Technologies had a net margin of 5.78% and a return on equity of 9.36%. The company’s revenue was up 17.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.33 EPS. As a group, sell-side analysts expect that Helios Technologies, Inc will post 2.76 EPS for the current year.

Helios Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Monday, April 13th were paid a dividend of $0.12 per share. This is an increase from Helios Technologies’s previous quarterly dividend of $0.09. This represents a $0.48 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, April 13th. Helios Technologies’s dividend payout ratio is presently 33.10%.

Analyst Ratings Changes

A number of research firms have recently commented on HLIO. KeyCorp lifted their price target on shares of Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Zacks Research downgraded shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. Stifel Nicolaus raised their price objective on shares of Helios Technologies from $76.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, April 14th. JPMorgan Chase & Co. started coverage on shares of Helios Technologies in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective on the stock. Finally, Wall Street Zen upgraded shares of Helios Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat, Helios Technologies has an average rating of “Moderate Buy” and a consensus target price of $72.75.

Helios Technologies Profile

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.