Mirae Asset Global Investments Co. Ltd. Raises Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 6.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,187 shares of the company’s stock after buying an additional 938 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Helios Technologies were worth $689,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Helios Technologies by 22.7% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,037 shares of the company’s stock worth $279,000 after buying an additional 931 shares in the last quarter. Yorktown Management & Research Co Inc purchased a new stake in Helios Technologies in the third quarter valued at approximately $288,000. OLD National Bancorp IN grew its holdings in Helios Technologies by 88.5% in the third quarter. OLD National Bancorp IN now owns 6,387 shares of the company’s stock valued at $354,000 after purchasing an additional 2,998 shares during the period. Fifth Third Bancorp grew its holdings in Helios Technologies by 4.0% in the third quarter. Fifth Third Bancorp now owns 7,232 shares of the company’s stock valued at $401,000 after purchasing an additional 278 shares during the period. Finally, Wrapmanager Inc. grew its holdings in Helios Technologies by 33.3% in the third quarter. Wrapmanager Inc. now owns 8,126 shares of the company’s stock valued at $451,000 after purchasing an additional 2,030 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Helios Technologies Price Performance

HLIO opened at $45.79 on Thursday. The company has a quick ratio of 1.25, a current ratio of 2.74 and a debt-to-equity ratio of 0.58. Helios Technologies, Inc. has a 52-week low of $37.50 and a 52-week high of $67.31. The company has a 50 day moving average of $44.31 and a two-hundred day moving average of $44.30. The company has a market cap of $1.52 billion, a P/E ratio of 40.17 and a beta of 0.96.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings data on Monday, February 26th. The company reported $0.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.13. Helios Technologies had a net margin of 4.49% and a return on equity of 9.19%. The company had revenue of $193.40 million during the quarter, compared to the consensus estimate of $183.87 million. During the same period in the previous year, the firm earned $0.78 earnings per share. Helios Technologies’s revenue for the quarter was down 1.3% on a year-over-year basis. On average, analysts expect that Helios Technologies, Inc. will post 2.42 earnings per share for the current year.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, April 4th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, April 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.79%. Helios Technologies’s payout ratio is currently 31.58%.

About Helios Technologies

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.