US Bancorp DE cut its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO – Free Report) by 40.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,283 shares of the company’s stock after selling 1,578 shares during the quarter. US Bancorp DE’s holdings in Helios Technologies were worth $149,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of HLIO. Advisor Group Holdings Inc. lifted its holdings in shares of Helios Technologies by 15.6% in the first quarter. Advisor Group Holdings Inc. now owns 6,088 shares of the company’s stock valued at $441,000 after purchasing an additional 823 shares in the last quarter. Raymond James & Associates lifted its holdings in shares of Helios Technologies by 9.5% in the first quarter. Raymond James & Associates now owns 52,400 shares of the company’s stock valued at $4,205,000 after purchasing an additional 4,529 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of Helios Technologies by 31.3% in the first quarter. PNC Financial Services Group Inc. now owns 6,375 shares of the company’s stock valued at $512,000 after purchasing an additional 1,519 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Helios Technologies in the first quarter valued at $1,124,000. Finally, MetLife Investment Management LLC lifted its holdings in shares of Helios Technologies by 55.9% in the first quarter. MetLife Investment Management LLC now owns 17,500 shares of the company’s stock valued at $1,404,000 after purchasing an additional 6,278 shares in the last quarter. 91.66% of the stock is owned by institutional investors.
Analysts Set New Price Targets
A number of research firms have recently issued reports on HLIO. Stifel Nicolaus increased their target price on Helios Technologies from $71.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 19th. Robert W. Baird cut their price objective on Helios Technologies from $73.00 to $63.00 in a report on Tuesday, August 8th. Finally, KeyCorp cut their price objective on Helios Technologies from $74.00 to $70.00 and set an “overweight” rating for the company in a report on Tuesday, August 8th.
Insiders Place Their Bets
In other Helios Technologies news, Director Philippe Lemaitre sold 2,750 shares of the stock in a transaction on Friday, June 30th. The shares were sold at an average price of $65.52, for a total transaction of $180,180.00. Following the transaction, the director now directly owns 57,267 shares of the company’s stock, valued at $3,752,133.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company’s stock.
Helios Technologies Price Performance
Shares of NASDAQ:HLIO opened at $57.87 on Thursday. The company has a current ratio of 2.83, a quick ratio of 1.42 and a debt-to-equity ratio of 0.62. Helios Technologies, Inc. has a 1 year low of $48.03 and a 1 year high of $72.61. The business has a fifty day simple moving average of $61.57 and a 200 day simple moving average of $61.65. The firm has a market cap of $1.91 billion, a price-to-earnings ratio of 27.56 and a beta of 1.20.
Helios Technologies (NASDAQ:HLIO – Get Free Report) last posted its earnings results on Monday, August 7th. The company reported $0.81 EPS for the quarter, hitting the consensus estimate of $0.81. The firm had revenue of $227.60 million for the quarter, compared to the consensus estimate of $222.14 million. Helios Technologies had a net margin of 8.13% and a return on equity of 13.09%. The business’s quarterly revenue was down 5.8% on a year-over-year basis. During the same period in the prior year, the business posted $1.18 earnings per share. As a group, sell-side analysts predict that Helios Technologies, Inc. will post 3.07 earnings per share for the current fiscal year.
Helios Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Wednesday, July 5th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.62%. The ex-dividend date was Monday, July 3rd. Helios Technologies’s payout ratio is 17.14%.
Helios Technologies Company 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; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.
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