Avalon Trust Co Boosts Position in Helios Technologies, Inc. $HLIO

Avalon Trust Co grew its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 1,936.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,146 shares of the company’s stock after buying an additional 7,746 shares during the quarter. Avalon Trust Co’s holdings in Helios Technologies were worth $425,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. CWM LLC boosted its position in Helios Technologies by 1,276.7% during the 2nd quarter. CWM LLC now owns 1,652 shares of the company’s stock worth $55,000 after purchasing an additional 1,532 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Helios Technologies during the third quarter worth about $96,000. Tower Research Capital LLC TRC boosted its position in shares of Helios Technologies by 39.3% in the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $141,000 after buying an additional 1,196 shares during the period. AlphaQuest LLC acquired a new stake in shares of Helios Technologies in the second quarter valued at about $175,000. Finally, Legacy Wealth Asset Management LLC purchased a new stake in shares of Helios Technologies during the 3rd quarter valued at about $205,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Helios Technologies Stock Performance

Helios Technologies stock opened at $74.38 on Monday. Helios Technologies, Inc. has a 52 week low of $24.76 and a 52 week high of $76.16. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The stock has a market cap of $2.46 billion, a P/E ratio of 65.82 and a beta of 1.30. The stock has a 50 day moving average of $63.51 and a 200-day moving average of $56.98.

Helios Technologies Dividend Announcement

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

Helios Technologies Company Profile

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.