PNC Financial Services Group Inc. Acquires 3,778 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

PNC Financial Services Group Inc. raised its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 703.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,315 shares of the company’s stock after purchasing an additional 3,778 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Helios Technologies were worth $196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wellington Management Group LLP grew its position in shares of Helios Technologies by 125.6% during the 4th quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock worth $114,465,000 after buying an additional 1,405,098 shares during the period. Norges Bank acquired a new position in Helios Technologies in the fourth quarter valued at about $10,884,000. Brown Capital Management LLC boosted its holdings in Helios Technologies by 7.0% during the fourth quarter. Brown Capital Management LLC now owns 3,114,144 shares of the company’s stock worth $141,226,000 after buying an additional 204,613 shares during the last quarter. Tributary Capital Management LLC acquired a new position in shares of Helios Technologies during the 4th quarter worth about $7,950,000. Finally, Vanguard Group Inc. increased its stake in shares of Helios Technologies by 2.8% in the 4th quarter. Vanguard Group Inc. now owns 3,218,839 shares of the company’s stock valued at $145,974,000 after acquiring an additional 88,656 shares during the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Stock Up 1.8 %

Shares of NASDAQ HLIO opened at $47.59 on Wednesday. The firm has a 50 day moving average price of $48.76 and a 200 day moving average price of $45.45. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 2.83. The stock has a market cap of $1.58 billion, a P/E ratio of 47.59 and a beta of 0.85. Helios Technologies, Inc. has a 52-week low of $37.50 and a 52-week high of $67.31.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings data on Wednesday, May 8th. The company reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.45 by $0.08. The business had revenue of $212.00 million during the quarter, compared to analysts’ expectations of $205.61 million. Helios Technologies had a net margin of 3.93% and a return on equity of 8.37%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.72 EPS. Analysts expect that Helios Technologies, Inc. will post 2.55 EPS for the current year.

Helios Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.76%. The ex-dividend date of this dividend is Friday, July 5th. Helios Technologies’s dividend payout ratio (DPR) is presently 36.00%.

Helios Technologies Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.