Wells Fargo & Company MN Has $761,000 Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Wells Fargo & Company MN boosted its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 43.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,055 shares of the company’s stock after buying an additional 5,147 shares during the period. Wells Fargo & Company MN owned approximately 0.05% of Helios Technologies worth $761,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the business. Barclays PLC boosted its position in shares of Helios Technologies by 230.1% in the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock worth $2,740,000 after purchasing an additional 40,048 shares during the last quarter. Sara Bay Financial boosted its holdings in Helios Technologies by 25.5% during the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock worth $54,080,000 after buying an additional 247,088 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in Helios Technologies during the fourth quarter worth about $315,000. SG Americas Securities LLC increased its stake in shares of Helios Technologies by 16.0% in the 4th quarter. SG Americas Securities LLC now owns 13,479 shares of the company’s stock valued at $602,000 after acquiring an additional 1,863 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Helios Technologies by 3.5% in the 4th quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock valued at $400,000 after acquiring an additional 301 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Helios Technologies Stock Performance

HLIO stock opened at $27.57 on Friday. Helios Technologies, Inc. has a 1-year low of $24.76 and a 1-year high of $57.29. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The firm has a market cap of $918.96 million, a PE ratio of 24.40 and a beta of 1.03. The business’s 50-day moving average price is $31.76 and its two-hundred day moving average price is $41.84.

Helios Technologies announced that its Board of Directors has initiated a stock buyback program on Monday, February 24th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s leadership believes its shares are undervalued.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.31%. Helios Technologies’s dividend payout ratio (DPR) is currently 30.77%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus decreased their price objective on shares of Helios Technologies from $58.00 to $35.00 and set a “buy” rating for the company in a report on Monday, April 14th.

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; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.