Thrivent Financial for Lutherans Sells 17,708 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Thrivent Financial for Lutherans lessened its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 1.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,392,030 shares of the company’s stock after selling 17,708 shares during the period. Thrivent Financial for Lutherans owned about 4.19% of Helios Technologies worth $66,470,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BNP Paribas Financial Markets grew its position in Helios Technologies by 51.2% in the 4th quarter. BNP Paribas Financial Markets now owns 42,785 shares of the company’s stock valued at $1,940,000 after acquiring an additional 14,496 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Helios Technologies by 5.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,198,815 shares of the company’s stock valued at $54,365,000 after purchasing an additional 58,010 shares during the period. Norges Bank purchased a new stake in shares of Helios Technologies during the fourth quarter valued at $10,884,000. Dynamic Technology Lab Private Ltd bought a new position in shares of Helios Technologies in the fourth quarter worth about $428,000. Finally, Isthmus Partners LLC increased its stake in Helios Technologies by 9.3% in the 4th quarter. Isthmus Partners LLC now owns 38,226 shares of the company’s stock worth $1,734,000 after buying an additional 3,237 shares during the period. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Trading Down 3.1 %

HLIO opened at $44.28 on Friday. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. The stock’s fifty day moving average is $43.54 and its two-hundred day moving average is $45.67. The company has a market capitalization of $1.47 billion, a P/E ratio of 44.28 and a beta of 0.83. Helios Technologies, Inc. has a 52 week low of $37.50 and a 52 week high of $55.80.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $219.90 million for the quarter, compared to the consensus estimate of $215.80 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The business’s revenue was down 3.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.81 EPS. Analysts forecast that Helios Technologies, Inc. will post 2.38 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, KeyCorp cut shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th.

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.