Envestnet Asset Management Inc. Raises Stock Holdings in Helios Technologies, Inc. $HLIO

Envestnet Asset Management Inc. raised its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 9.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 107,861 shares of the company’s stock after buying an additional 9,323 shares during the quarter. Envestnet Asset Management Inc. owned about 0.33% of Helios Technologies worth $5,623,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Jackson Creek Investment Advisors LLC purchased a new position in Helios Technologies during the 3rd quarter valued at about $1,334,000. Thrivent Financial for Lutherans increased its stake in shares of Helios Technologies by 7.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock valued at $79,787,000 after purchasing an additional 112,213 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in shares of Helios Technologies by 5.5% during the third quarter. GHP Investment Advisors Inc. now owns 41,370 shares of the company’s stock valued at $2,157,000 after purchasing an additional 2,155 shares during the last quarter. State of Alaska Department of Revenue bought a new stake in shares of Helios Technologies in the 3rd quarter worth approximately $96,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Helios Technologies in the 3rd quarter worth approximately $644,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Price Performance

HLIO opened at $74.38 on Friday. The company’s 50-day simple moving average is $63.51 and its two-hundred day simple moving average is $56.92. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The stock has a market capitalization of $2.46 billion, a P/E ratio of 65.82 and a beta of 1.30. Helios Technologies, Inc. has a 52-week low of $24.76 and a 52-week high of $76.16.

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th were given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend was Wednesday, January 7th. Helios Technologies’s payout ratio is 35.64%.

Analyst Ratings Changes

A number of research analysts have issued reports on HLIO shares. JPMorgan Chase & Co. assumed coverage on Helios Technologies in a research note on Tuesday, January 20th. They set an “overweight” rating and a $80.00 price objective for the company. Stifel Nicolaus lifted their price target on Helios Technologies from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Finally, KeyCorp increased their price objective on shares of Helios Technologies from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $69.25.

About Helios Technologies

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.