Helios Technologies (NASDAQ:HLIO) Price Target Lowered to $49.00 at Robert W. Baird

Helios Technologies (NASDAQ:HLIO) had its target price dropped by Robert W. Baird from $65.00 to $49.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price target suggests a potential upside of 56.20% from the stock’s previous close.

Separately, Stifel Nicolaus reduced their price objective on shares of Helios Technologies from $58.00 to $35.00 and set a “buy” rating on the stock in a research report on Monday, April 14th.

Helios Technologies Stock Performance

Helios Technologies stock opened at $31.37 on Thursday. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies has a twelve month low of $24.76 and a twelve month high of $57.29. The company’s 50-day moving average price is $30.65 and its 200-day moving average price is $41.15. The company has a market cap of $1.05 billion, a PE ratio of 27.76 and a beta of 1.22.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The company’s quarterly revenue was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.53 EPS. On average, equities research analysts forecast that Helios Technologies will post 2.06 EPS for the current fiscal year.

Helios Technologies declared that its board has approved a share buyback program on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Institutional Investors Weigh In On Helios Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. grew its stake in Helios Technologies by 5,804.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock worth $32,182,000 after acquiring an additional 708,715 shares in the last quarter. Conestoga Capital Advisors LLC grew its stake in Helios Technologies by 15.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock worth $88,679,000 after purchasing an additional 266,127 shares in the last quarter. Sara Bay Financial increased its holdings in Helios Technologies by 25.5% during the 4th quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock worth $54,080,000 after purchasing an additional 247,088 shares during the period. Rockefeller Capital Management L.P. increased its holdings in Helios Technologies by 362.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 249,738 shares of the company’s stock worth $11,148,000 after purchasing an additional 195,779 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in shares of Helios Technologies in the 4th quarter worth $7,696,000. Institutional investors own 94.72% of the company’s stock.

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.