Victory Capital Management Inc. lowered its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 3.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,608 shares of the company’s stock after selling 286 shares during the quarter. Victory Capital Management Inc.’s holdings in Helios Technologies were worth $707,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds also recently modified their holdings of the stock. State of New Jersey Common Pension Fund D boosted its position in Helios Technologies by 0.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 33,373 shares of the company’s stock valued at $2,740,000 after purchasing an additional 147 shares in the last quarter. Envestnet Asset Management Inc. boosted its holdings in Helios Technologies by 5.9% in the second quarter. Envestnet Asset Management Inc. now owns 7,623 shares of the company’s stock worth $595,000 after acquiring an additional 423 shares in the last quarter. Legal & General Group Plc boosted its holdings in Helios Technologies by 2.4% in the second quarter. Legal & General Group Plc now owns 19,496 shares of the company’s stock worth $1,522,000 after acquiring an additional 456 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Helios Technologies in the second quarter worth about $44,000. Finally, Teacher Retirement System of Texas boosted its holdings in Helios Technologies by 17.5% in the second quarter. Teacher Retirement System of Texas now owns 4,004 shares of the company’s stock worth $313,000 after acquiring an additional 596 shares in the last quarter. 90.14% of the stock is currently owned by institutional investors.
HLIO has been the subject of several recent analyst reports. Morgan Stanley lowered their price target on Helios Technologies from $107.00 to $97.00 and set an “equal weight” rating for the company in a report on Friday. Zacks Investment Research downgraded Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday.
Shares of NASDAQ:HLIO opened at $88.00 on Friday. Helios Technologies, Inc. has a 52-week low of $53.53 and a 52-week high of $114.89. The stock has a market cap of $2.85 billion, a price-to-earnings ratio of 32.84 and a beta of 1.06. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The business has a 50-day moving average price of $102.23 and a 200-day moving average price of $89.27.
Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, November 8th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.27. The firm had revenue of $223.20 million during the quarter, compared to analysts’ expectations of $195.93 million. Helios Technologies had a return on equity of 19.28% and a net margin of 10.78%. The company’s revenue for the quarter was up 82.1% compared to the same quarter last year. During the same period last year, the business posted $0.53 earnings per share. As a group, equities analysts anticipate that Helios Technologies, Inc. will post 4.08 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, January 20th. Investors of record on Wednesday, January 5th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.41%. The ex-dividend date of this dividend is Tuesday, January 4th. Helios Technologies’s dividend payout ratio is currently 13.43%.
About Helios Technologies
Helios Technologies, Inc engages in the development and manufacture of motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. It operates through the Hydraulics and Electronics segments.
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