Squarepoint Ops LLC grew its holdings in Helios Technologies, Inc (NYSE:HLIO – Free Report) by 56.6% in the second quarter, Holdings Channel.com reports. The institutional investor owned 36,983 shares of the company’s stock after acquiring an additional 13,363 shares during the quarter. Squarepoint Ops LLC’s holdings in Helios Technologies were worth $3,301,000 as of its most recent filing with the SEC.
Several other hedge funds have also made changes to their positions in the business. LPL Financial LLC increased its position in Helios Technologies by 5.1% in the 4th quarter. LPL Financial LLC now owns 5,689 shares of the company’s stock valued at $304,000 after acquiring an additional 274 shares during the period. Nykredit A S acquired a new stake in Helios Technologies during the 2nd quarter worth approximately $30,000. Osaic Holdings Inc. lifted its position in Helios Technologies by 14.1% during the 4th quarter. Osaic Holdings Inc. now owns 2,942 shares of the company’s stock worth $158,000 after acquiring an additional 363 shares during the period. ProShare Advisors LLC grew its stake in shares of Helios Technologies by 6.9% in the 4th quarter. ProShare Advisors LLC now owns 6,065 shares of the company’s stock valued at $324,000 after purchasing an additional 391 shares during the last quarter. Finally, NewEdge Advisors LLC purchased a new position in shares of Helios Technologies in the 1st quarter valued at approximately $29,000. Institutional investors and hedge funds own 94.72% of the company’s stock.
Helios Technologies Stock Performance
NYSE HLIO opened at $70.60 on Friday. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 32.99 and a beta of 1.26. The business’s 50 day moving average is $77.63 and its two-hundred day moving average is $75.61. Helios Technologies, Inc has a 12-month low of $47.01 and a 12-month high of $95.05. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35.
Helios Technologies Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were given a $0.12 dividend. The ex-dividend date was Friday, July 10th. This represents a $0.48 annualized dividend and a yield of 0.7%. Helios Technologies’s dividend payout ratio is presently 22.43%.
Insider Buying and Selling
In other Helios Technologies news, insider Matteo Arduini sold 6,027 shares of the firm’s stock in a transaction on Tuesday, June 23rd. The stock was sold at an average price of $90.42, for a total value of $544,961.34. Following the completion of the sale, the insider owned 11,317 shares of the company’s stock, valued at approximately $1,023,283.14. This trade represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.50% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have recently commented on HLIO shares. KeyCorp upped their price target on Helios Technologies from $85.00 to $95.00 and gave the stock an “overweight” rating in a research note on Monday, July 13th. Zacks Research lowered shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. JPMorgan Chase & Co. boosted their price objective on shares of Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Stifel Nicolaus upped their price objective on shares of Helios Technologies from $93.00 to $95.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, Weiss Ratings upgraded shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $96.25.
Check Out Our Latest Report on Helios Technologies
About Helios Technologies
Helios Technologies, Inc is an industrial technology company that develops and manufactures solutions for motion control and electronic control systems. Its products are used by original equipment manufacturers and other customers in markets including mobile and off-highway equipment, industrial machinery, energy, recreational vehicles, and health and wellness applications.
The company operates through two primary areas: hydraulics and electronics. Its hydraulics portfolio includes cartridge valves, electro-hydraulic valves, integrated hydraulic manifolds, and related controls marketed under brands such as Sun Hydraulics.
See Also
- Five stocks we like better than Helios Technologies
- Rocket Lab Tackles a Supply Chain Bottleneck as the Stock Hunts for a Bottom. Time to Buy?
- Optical Cable Corporation Is Starting to Get the Market’s Attention
- Oil Above $100 Is Creating a New Opportunity Beyond the Major Producers
- Is Nike’s Index Demotion a Warning or a Buying Opportunity?
Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc (NYSE:HLIO – Free Report).
Receive News & Ratings for Helios Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
