Vanguard Group Inc. Reduces Position in Helios Technologies, Inc $HLIO

Vanguard Group Inc. lessened its holdings in shares of Helios Technologies, Inc (NYSE:HLIO) by 1.0% in the 4th quarter, Holdings Channel reports. The fund owned 3,162,279 shares of the company’s stock after selling 30,580 shares during the quarter. Vanguard Group Inc. owned 0.10% of Helios Technologies worth $169,150,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HLIO. Kennedy Capital Management LLC purchased a new stake in Helios Technologies during the 3rd quarter valued at about $39,503,000. Arrowstreet Capital Limited Partnership grew its stake in Helios Technologies by 106.6% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 594,361 shares of the company’s stock valued at $30,984,000 after acquiring an additional 306,659 shares in the last quarter. Victory Capital Management Inc. purchased a new stake in Helios Technologies during the 3rd quarter valued at about $14,598,000. Bessemer Group Inc. purchased a new stake in Helios Technologies during the 3rd quarter valued at about $14,275,000. Finally, Aberdeen Group plc acquired a new position in Helios Technologies in the 4th quarter valued at about $13,681,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Performance

NYSE:HLIO opened at $68.33 on Monday. The company’s 50-day moving average is $67.72 and its two-hundred day moving average is $62.57. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.90 and a quick ratio of 1.58. Helios Technologies, Inc has a 1-year low of $28.79 and a 1-year high of $76.47. The firm has a market capitalization of $2.26 billion, a price-to-earnings ratio of 47.12 and a beta of 1.23.

Helios Technologies (NYSE:HLIO) last posted its quarterly earnings data on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $210.70 million during the quarter. Helios Technologies had a net margin of 5.78% and a return on equity of 9.36%. The business’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.33 EPS. Analysts forecast that Helios Technologies, Inc will post 2.74 EPS for the current year.

Helios Technologies Increases Dividend

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

Analysts Set New Price Targets

HLIO has been the topic of several recent analyst reports. Zacks Research lowered shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Thursday, April 2nd. JPMorgan Chase & Co. initiated coverage on shares of Helios Technologies in a report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 target price on the stock. Stifel Nicolaus boosted their target price on shares of Helios Technologies from $76.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, April 14th. Wall Street Zen upgraded shares of Helios Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Finally, KeyCorp boosted their target price on shares of Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, Helios Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $80.67.

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.