Stifel Nicolaus Forecasts Strong Price Appreciation for Helios Technologies (NASDAQ:HLIO) Stock

Helios Technologies (NASDAQ:HLIO) had its price objective boosted by stock analysts at Stifel Nicolaus from $74.00 to $76.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 12.66% from the company’s current price.

HLIO has been the topic of a number of other reports. JPMorgan Chase & Co. started coverage on shares of Helios Technologies in a report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 target price on the stock. KeyCorp upped their price target on Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $71.75.

Helios Technologies Stock Down 3.6%

HLIO opened at $67.46 on Wednesday. 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 company has a market capitalization of $2.23 billion, a PE ratio of 59.70 and a beta of 1.26. The stock’s fifty day moving average is $66.49 and its 200-day moving average is $58.23. Helios Technologies has a one year low of $24.76 and a one year high of $76.47.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Monday, March 2nd. The company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%.During the same quarter last year, the company earned $0.33 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year. On average, equities analysts predict that Helios Technologies will post 2.06 EPS for the current fiscal year.

Institutional Investors Weigh In On Helios Technologies

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada grew its holdings in shares of Helios Technologies by 0.6% during the 1st quarter. Royal Bank of Canada now owns 89,391 shares of the company’s stock valued at $2,868,000 after acquiring an additional 556 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Helios Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,771 shares of the company’s stock valued at $634,000 after purchasing an additional 862 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in Helios Technologies by 14.2% in the first quarter. Goldman Sachs Group Inc. now owns 143,810 shares of the company’s stock valued at $4,615,000 after purchasing an additional 17,914 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in Helios Technologies by 14.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,936 shares of the company’s stock worth $2,276,000 after purchasing an additional 9,041 shares during the last quarter. Finally, Jane Street Group LLC raised its stake in shares of Helios Technologies by 198.2% during the 1st quarter. Jane Street Group LLC now owns 56,606 shares of the company’s stock worth $1,816,000 after purchasing an additional 37,624 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

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.