Dynamic Technology Lab Private Ltd Sells 16,890 Shares of Helios Technologies, Inc $HLIO

Dynamic Technology Lab Private Ltd cut its position in shares of Helios Technologies, Inc (NYSE:HLIO) by 75.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,410 shares of the company’s stock after selling 16,890 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Helios Technologies were worth $282,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLIO. Dimensional Fund Advisors LP boosted its position in Helios Technologies by 3.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,626,796 shares of the company’s stock worth $84,806,000 after acquiring an additional 55,206 shares during the last quarter. Thrivent Financial for Lutherans grew its stake in shares of Helios Technologies by 7.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock worth $79,787,000 after acquiring an additional 112,213 shares in the last quarter. Bank of America Corp DE raised its holdings in shares of Helios Technologies by 7.9% in the second quarter. Bank of America Corp DE now owns 932,366 shares of the company’s stock valued at $31,113,000 after purchasing an additional 68,182 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Helios Technologies by 3.4% in the second quarter. Geode Capital Management LLC now owns 789,981 shares of the company’s stock worth $26,365,000 after purchasing an additional 26,098 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in shares of Helios Technologies by 28.1% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 775,417 shares of the company’s stock worth $40,422,000 after purchasing an additional 170,050 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently weighed in on HLIO. KeyCorp raised their target price on shares of Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. CJS Securities raised shares of Helios Technologies to a “strong-buy” rating in a research report on Thursday, December 11th. JPMorgan Chase & Co. initiated coverage on shares of 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 raised their price objective on Helios Technologies from $74.00 to $76.00 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Wall Street Zen raised Helios Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, March 7th. Two analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $71.75.

Helios Technologies Stock Performance

NYSE HLIO opened at $65.71 on Friday. The firm has a market capitalization of $2.18 billion, a P/E ratio of 45.31 and a beta of 1.26. The company has a current ratio of 2.90, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average price is $67.67 and its two-hundred day moving average price is $58.71. Helios Technologies, Inc has a 1 year low of $24.76 and a 1 year high of $76.47.

Helios Technologies (NYSE:HLIO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a net margin of 5.78% and a return on equity of 9.36%. The company’s revenue was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.33 earnings per share.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, January 7th. This represents a $0.36 dividend on an annualized basis and a yield of 0.5%. Helios Technologies’s dividend payout ratio (DPR) is presently 24.83%.

Helios Technologies Company Profile

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.