Sei Investments Co. lifted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO – Free Report) by 16.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 117,032 shares of the company’s stock after buying an additional 16,204 shares during the quarter. Sei Investments Co. owned approximately 0.35% of Helios Technologies worth $5,230,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of HLIO. Vanguard Group Inc. grew its holdings in shares of Helios Technologies by 0.7% during the third quarter. Vanguard Group Inc. now owns 3,130,183 shares of the company’s stock worth $173,663,000 after buying an additional 21,983 shares in the last quarter. Tributary Capital Management LLC purchased a new stake in shares of Helios Technologies during the fourth quarter worth about $7,950,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Helios Technologies by 6.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 15,187 shares of the company’s stock worth $689,000 after buying an additional 938 shares in the last quarter. Ceredex Value Advisors LLC grew its holdings in shares of Helios Technologies by 29.0% during the fourth quarter. Ceredex Value Advisors LLC now owns 288,119 shares of the company’s stock worth $13,066,000 after buying an additional 64,819 shares in the last quarter. Finally, Conestoga Capital Advisors LLC grew its holdings in shares of Helios Technologies by 3.3% during the fourth quarter. Conestoga Capital Advisors LLC now owns 2,007,758 shares of the company’s stock worth $91,052,000 after buying an additional 64,712 shares in the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Separately, KeyCorp downgraded shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 9th.
View Our Latest Stock Analysis on HLIO
Helios Technologies Price Performance
HLIO opened at $44.07 on Monday. The company’s 50 day simple moving average is $48.24 and its 200 day simple moving average is $45.49. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 2.83. Helios Technologies, Inc. has a 1 year low of $37.50 and a 1 year high of $64.66. The stock has a market capitalization of $1.46 billion, a PE ratio of 20.40 and a beta of 0.85.
Helios Technologies (NASDAQ:HLIO – Get Free Report) last released its earnings results on Wednesday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.08. Helios Technologies had a net margin of 3.93% and a return on equity of 8.37%. The business had revenue of $212.00 million for the quarter, compared to analysts’ expectations of $205.61 million. During the same period last year, the company earned $0.72 earnings per share. The company’s quarterly revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that Helios Technologies, Inc. will post 2.45 EPS for the current year.
Helios Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Friday, July 5th were given a dividend of $0.09 per share. The ex-dividend date was Friday, July 5th. This represents a $0.36 dividend on an annualized basis and a yield of 0.82%. Helios Technologies’s dividend payout ratio (DPR) is 36.00%.
Helios Technologies 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.
See Also
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