Aberdeen Group plc Makes New Investment in Helios Technologies, Inc $HLIO

Aberdeen Group plc purchased a new position in shares of Helios Technologies, Inc (NYSE:HLIO) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 255,773 shares of the company’s stock, valued at approximately $13,681,000. Aberdeen Group plc owned 0.77% of Helios Technologies as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in HLIO. Triumph Capital Management acquired a new position in Helios Technologies during the 3rd quarter worth $36,000. Quarry LP increased its stake in shares of Helios Technologies by 948.6% during the third quarter. Quarry LP now owns 1,164 shares of the company’s stock valued at $61,000 after acquiring an additional 1,053 shares during the period. State of Alaska Department of Revenue acquired a new position in shares of Helios Technologies during the third quarter valued at approximately $96,000. CWM LLC increased its stake in shares of Helios Technologies by 14.2% during the third quarter. CWM LLC now owns 1,886 shares of the company’s stock valued at $98,000 after acquiring an additional 234 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Helios Technologies by 39.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $141,000 after acquiring an additional 1,196 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Stock Down 0.3%

Shares of NYSE:HLIO opened at $65.63 on Wednesday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 2.90. The company has a market cap of $2.17 billion, a PE ratio of 45.26 and a beta of 1.25. Helios Technologies, Inc has a 52 week low of $25.12 and a 52 week high of $76.47. The firm has a 50 day simple moving average of $68.81 and a 200 day simple moving average of $60.16.

Helios Technologies (NYSE:HLIO) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. The business had revenue of $210.70 million during the quarter. Helios Technologies had a net margin of 5.78% and a return on equity of 9.36%. The firm’s revenue was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 EPS.

Helios Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Monday, April 13th will be given a $0.12 dividend. This is a positive change from Helios Technologies’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend is Monday, April 13th. Helios Technologies’s payout ratio is presently 33.10%.

Wall Street Analyst Weigh In

A number of research firms recently commented on HLIO. CJS Securities upgraded shares of Helios Technologies to a “strong-buy” rating in a research note on Thursday, December 11th. JPMorgan Chase & Co. began 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 on the stock. Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Helios Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 7th. Finally, Zacks Research lowered shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $71.75.

About Helios Technologies

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.