Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 19.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,982 shares of the company’s stock after selling 4,623 shares during the quarter. Jane Street Group LLC owned 0.06% of Helios Technologies worth $847,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Comerica Bank increased its position in shares of Helios Technologies by 1.3% during the 4th quarter. Comerica Bank now owns 161,610 shares of the company’s stock worth $7,214,000 after purchasing an additional 2,117 shares during the last quarter. Northern Trust Corp increased its position in shares of Helios Technologies by 9.4% during the 4th quarter. Northern Trust Corp now owns 322,472 shares of the company’s stock worth $14,395,000 after purchasing an additional 27,718 shares during the last quarter. Aquatic Capital Management LLC increased its position in shares of Helios Technologies by 148.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock worth $167,000 after purchasing an additional 2,232 shares during the last quarter. Voya Investment Management LLC boosted its holdings in Helios Technologies by 25.1% during the 4th quarter. Voya Investment Management LLC now owns 450,429 shares of the company’s stock valued at $20,107,000 after acquiring an additional 90,362 shares during the period. Finally, T. Rowe Price Investment Management Inc. grew its position in Helios Technologies by 0.4% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 569,169 shares of the company’s stock valued at $25,408,000 after acquiring an additional 2,255 shares in the last quarter. 94.72% of the stock is owned by institutional investors and hedge funds.

Helios Technologies Stock Performance

NASDAQ HLIO opened at $29.64 on Friday. The company has a market cap of $987.96 million, a P/E ratio of 26.23 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The stock has a 50-day moving average of $29.72 and a two-hundred day moving average of $39.97. Helios Technologies, Inc. has a 1-year low of $24.76 and a 1-year high of $57.29.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating 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%. The business’s quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.53 earnings per share. As a group, analysts anticipate that Helios Technologies, Inc. will post 2.06 EPS for the current year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.21%. The ex-dividend date was Friday, April 4th. Helios Technologies’s payout ratio is presently 32.43%.

Helios Technologies declared that its Board of Directors has initiated a stock repurchase plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.8% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Stifel Nicolaus lifted their target price on Helios Technologies from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird dropped their target price on Helios Technologies from $65.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th.

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.