Helios Technologies (NASDAQ:HLIO) Hits New 12-Month Low – What’s Next?

Helios Technologies, Inc. (NASDAQ:HLIO) hit a new 52-week low during trading on Tuesday . The company traded as low as $34.75 and last traded at $34.85, with a volume of 35263 shares trading hands. The stock had previously closed at $35.74.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus dropped their price target on Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th.

Helios Technologies Price Performance

The business has a fifty day moving average of $41.09 and a 200-day moving average of $45.42. The firm has a market cap of $1.17 billion, a PE ratio of 31.16 and a beta of 0.90. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.02%. Helios Technologies’s dividend payout ratio is currently 30.77%.

Helios Technologies declared that its Board of Directors has authorized a share repurchase program on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Helios Technologies

Institutional investors have recently added to or reduced their stakes in the business. Barclays PLC increased its stake in Helios Technologies by 230.1% in the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock worth $2,740,000 after acquiring an additional 40,048 shares during the last quarter. Stifel Financial Corp increased its position in shares of Helios Technologies by 46.5% during the 3rd quarter. Stifel Financial Corp now owns 50,547 shares of the company’s stock valued at $2,411,000 after purchasing an additional 16,041 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Helios Technologies by 11.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock valued at $17,410,000 after purchasing an additional 38,307 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of Helios Technologies by 5,804.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock valued at $32,182,000 after purchasing an additional 708,715 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of Helios Technologies by 18.5% during the 4th quarter. Bank of New York Mellon Corp now owns 519,531 shares of the company’s stock valued at $23,192,000 after purchasing an additional 81,100 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors.

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.