Helios Technologies (NASDAQ:HLIO) PT Raised to $68.00

Helios Technologies (NASDAQ:HLIOGet Rating) had its target price raised by equities researchers at Stifel Nicolaus from $62.00 to $68.00 in a report released on Friday, Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective suggests a potential upside of 7.70% from the stock’s current price.

Separately, Robert W. Baird upped their price objective on shares of Helios Technologies from $63.00 to $70.00 in a research note on Tuesday, January 17th.

Helios Technologies Price Performance

HLIO stock opened at $63.14 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 2.60 and a quick ratio of 1.35. Helios Technologies has a one year low of $48.27 and a one year high of $83.00. The stock has a market cap of $2.06 billion, a PE ratio of 19.67 and a beta of 1.10. The firm has a 50 day simple moving average of $55.50 and a two-hundred day simple moving average of $57.15.

Helios Technologies (NASDAQ:HLIOGet Rating) last announced its quarterly earnings data on Monday, November 7th. The company reported $0.90 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.08). Helios Technologies had a net margin of 11.51% and a return on equity of 18.86%. The business had revenue of $207.20 million during the quarter, compared to analysts’ expectations of $218.12 million. During the same period last year, the company posted $1.07 EPS. Helios Technologies’s revenue for the quarter was down 7.2% on a year-over-year basis. On average, analysts predict that Helios Technologies will post 3.99 EPS for the current fiscal year.

Institutional Investors Weigh In On Helios Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its holdings in Helios Technologies by 5.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 9,367 shares of the company’s stock worth $621,000 after purchasing an additional 497 shares in the last quarter. HighTower Trust Services LTA bought a new position in Helios Technologies in the 2nd quarter worth $6,548,000. Conestoga Capital Advisors LLC raised its holdings in Helios Technologies by 0.3% in the 2nd quarter. Conestoga Capital Advisors LLC now owns 1,650,540 shares of the company’s stock worth $109,348,000 after purchasing an additional 5,343 shares in the last quarter. Ceredex Value Advisors LLC raised its holdings in Helios Technologies by 59.3% in the 2nd quarter. Ceredex Value Advisors LLC now owns 151,541 shares of the company’s stock worth $10,040,000 after purchasing an additional 56,441 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D raised its holdings in Helios Technologies by 16.1% in the 3rd quarter. State of New Jersey Common Pension Fund D now owns 39,378 shares of the company’s stock worth $1,993,000 after purchasing an additional 5,465 shares in the last quarter. 90.75% of the stock is currently owned by institutional investors.

About Helios Technologies

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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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