Helios Technologies (NASDAQ:HLIO) Upgraded at Zacks Investment Research

Helios Technologies (NASDAQ:HLIOGet Rating) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, Zacks.com reports. The firm presently has a $76.00 target price on the stock. Zacks Investment Research‘s price objective would indicate a potential upside of 13.43% from the company’s previous close.

According to Zacks, “Helios Technologies Inc. is an industrial technology company. It develops and manufactures hydraulic and electronic control solutions. The company’s operating subsidiaries includes Sun Hydraulics, Enovation Controls and Faster Group. Its operating business segment consists of Hydraulics and Electronics. Hydraulics segment includes material handling, construction equipment, agriculture, specialized vehicles and energy. Electronics segment provides electronic control solutions. Helios Technologies Inc., formerly known as Sun Hydraulics Corporation, is based in Sarasota, United States. “

HLIO has been the topic of several other reports. Stifel Nicolaus upgraded Helios Technologies from a “hold” rating to a “buy” rating and boosted their price target for the stock from $85.00 to $95.00 in a report on Tuesday, March 22nd. Robert W. Baird dropped their price target on Helios Technologies from $111.00 to $100.00 in a research note on Wednesday, May 11th. Finally, Barrington Research assumed coverage on Helios Technologies in a research note on Thursday, March 31st. They issued an “outperform” rating and a $107.00 price target on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $95.00.

Shares of NASDAQ HLIO opened at $67.00 on Tuesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.24 and a quick ratio of 1.10. The stock’s fifty day moving average price is $73.20 and its two-hundred day moving average price is $85.01. Helios Technologies has a one year low of $64.57 and a one year high of $114.89. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 19.31, a P/E/G ratio of 1.25 and a beta of 1.22.

Helios Technologies (NASDAQ:HLIOGet Rating) last posted its quarterly earnings results on Monday, May 9th. The company reported $1.18 EPS for the quarter, beating analysts’ consensus estimates of $0.96 by $0.22. The business had revenue of $240.55 million during the quarter, compared to the consensus estimate of $221.02 million. Helios Technologies had a return on equity of 20.74% and a net margin of 12.43%. Helios Technologies’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. On average, equities analysts anticipate that Helios Technologies will post 4.56 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of HLIO. Morgan Stanley boosted its position in Helios Technologies by 238.3% during the second quarter. Morgan Stanley now owns 72,389 shares of the company’s stock worth $5,650,000 after purchasing an additional 50,994 shares during the period. Deutsche Bank AG boosted its position in shares of Helios Technologies by 9.3% in the third quarter. Deutsche Bank AG now owns 23,532 shares of the company’s stock valued at $1,932,000 after acquiring an additional 1,998 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Helios Technologies by 11.0% in the third quarter. PNC Financial Services Group Inc. now owns 4,472 shares of the company’s stock valued at $367,000 after acquiring an additional 442 shares during the period. Advisor Group Holdings Inc. boosted its position in shares of Helios Technologies by 7.7% in the third quarter. Advisor Group Holdings Inc. now owns 4,856 shares of the company’s stock valued at $400,000 after acquiring an additional 349 shares during the period. Finally, Swiss National Bank boosted its position in shares of Helios Technologies by 0.7% in the third quarter. Swiss National Bank now owns 67,700 shares of the company’s stock valued at $5,559,000 after acquiring an additional 500 shares during the period. Hedge funds and other institutional investors own 91.23% of the company’s stock.

About Helios Technologies (Get Rating)

Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets 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; quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.

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