MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Buys 649 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,909 shares of the company’s stock after buying an additional 649 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Helios Technologies worth $844,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in HLIO. Vanguard Group Inc. boosted its stake in shares of Helios Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock valued at $148,568,000 after purchasing an additional 13,059 shares in the last quarter. Renaissance Technologies LLC acquired a new position in Helios Technologies in the 4th quarter valued at approximately $1,079,000. Barclays PLC increased its position in Helios Technologies by 230.1% in the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock valued at $2,740,000 after acquiring an additional 40,048 shares during the period. Ceredex Value Advisors LLC raised its stake in shares of Helios Technologies by 150.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 219,900 shares of the company’s stock valued at $9,816,000 after acquiring an additional 132,007 shares during the last quarter. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Helios Technologies during the fourth quarter worth $517,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Price Performance

Shares of NASDAQ HLIO opened at $29.64 on Tuesday. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $57.29. The firm has a fifty day simple moving average of $29.61 and a 200 day simple moving average of $39.60. The company has a market capitalization of $987.96 million, a PE ratio of 26.23 and a beta of 1.22. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates 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 prior year, the company posted $0.53 earnings per share. The business’s revenue for the quarter was down 7.8% on a year-over-year basis. On average, sell-side analysts forecast that Helios Technologies, Inc. will post 2.06 EPS for the current year.

Helios Technologies announced that its board has authorized 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 generally a sign that the company’s leadership believes its stock is undervalued.

Helios Technologies Announces Dividend

The firm also recently declared 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies’s payout ratio is 32.43%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Stifel Nicolaus raised their target price on Helios Technologies from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird cut their price objective on Helios Technologies from $65.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th.

About Helios Technologies

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.