Vanguard Group Inc. lowered its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO – Free Report) by 1.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,296,258 shares of the company’s stock after selling 31,869 shares during the quarter. Vanguard Group Inc. owned about 9.89% of Helios Technologies worth $105,777,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of HLIO. KBC Group NV acquired a new position in shares of Helios Technologies during the 1st quarter valued at about $26,000. GAMMA Investing LLC grew its holdings in shares of Helios Technologies by 2,361.9% during the 1st quarter. GAMMA Investing LLC now owns 4,653 shares of the company’s stock worth $145,000 after purchasing an additional 4,464 shares during the period. Aquatic Capital Management LLC grew its holdings 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 period. Dark Forest Capital Management LP purchased a new stake in shares of Helios Technologies during the 4th quarter worth about $214,000. Finally, Procyon Advisors LLC grew its holdings in shares of Helios Technologies by 8.4% during the 1st quarter. Procyon Advisors LLC now owns 10,267 shares of the company’s stock worth $329,000 after purchasing an additional 799 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.
Helios Technologies Stock Up 4.3%
NASDAQ HLIO opened at $54.0510 on Friday. The stock has a market cap of $1.79 billion, a PE ratio of 47.83 and a beta of 1.28. Helios Technologies, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $57.29. The business has a 50 day moving average price of $39.48 and a two-hundred day moving average price of $35.25. 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 Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, July 21st. Shareholders of record on Monday, July 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date was Monday, July 7th. Helios Technologies’s dividend payout ratio is currently 34.62%.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on HLIO shares. Stifel Nicolaus boosted their target price on Helios Technologies from $39.00 to $43.00 and gave the stock a “buy” rating in a report on Monday, July 21st. Robert W. Baird decreased their target price on Helios Technologies from $65.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, May 8th. Finally, KeyCorp reiterated an “overweight” rating and set a $45.00 target price (up previously from $40.00) on shares of Helios Technologies in a report on Tuesday, August 5th. Three analysts have rated the stock with a Buy rating, According to MarketBeat.com, Helios Technologies has an average rating of “Buy” and an average price target of $45.67.
Check Out Our Latest Report on Helios Technologies
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.
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