Helios Technologies, Inc. (NASDAQ:HLIO) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. grew its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 16.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,551 shares of the company’s stock after purchasing an additional 22,680 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.47% of Helios Technologies worth $7,033,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of HLIO. Signaturefd LLC grew its position in shares of Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after purchasing an additional 287 shares during the period. Aquatic Capital Management LLC boosted its position in Helios Technologies by 148.8% during the fourth quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock worth $167,000 after acquiring an additional 2,232 shares during the last quarter. Dark Forest Capital Management LP acquired a new position in Helios Technologies during the fourth quarter worth about $214,000. US Bancorp DE grew its stake in Helios Technologies by 321.2% during the 4th quarter. US Bancorp DE now owns 6,705 shares of the company’s stock valued at $299,000 after acquiring an additional 5,113 shares in the last quarter. Finally, Empower Advisory Group LLC grew its stake in Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock valued at $302,000 after acquiring an additional 615 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Trading Down 0.5%

Shares of Helios Technologies stock opened at $30.66 on Friday. The stock has a market cap of $1.02 billion, a P/E ratio of 27.13 and a beta of 1.22. The stock’s 50 day simple moving average is $29.83 and its 200-day simple moving average is $40.10. Helios Technologies, Inc. has a 1-year low of $24.76 and a 1-year high of $57.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. During the same quarter in the previous year, the company posted $0.53 EPS. The company’s revenue was down 7.8% on a year-over-year basis. Analysts predict that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies declared that its Board of Directors has approved a share repurchase program on Monday, February 24th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, April 4th. Helios Technologies’s dividend payout ratio (DPR) is presently 32.43%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on HLIO shares. Robert W. Baird lowered their target price on Helios Technologies from $65.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus boosted their target price on Helios Technologies from $35.00 to $39.00 and gave the stock a “buy” rating in a report on Thursday, May 8th.

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.