Dimensional Fund Advisors LP Increases Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Dimensional Fund Advisors LP grew its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 4.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,284,429 shares of the company’s stock after buying an additional 54,205 shares during the period. Dimensional Fund Advisors LP owned approximately 3.87% of Helios Technologies worth $61,333,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in HLIO. Oppenheimer Asset Management Inc. lifted its position in Helios Technologies by 51.8% in the second quarter. Oppenheimer Asset Management Inc. now owns 25,048 shares of the company’s stock valued at $1,196,000 after purchasing an additional 8,546 shares during the last quarter. GHP Investment Advisors Inc. increased its position in shares of Helios Technologies by 8.5% during the second quarter. GHP Investment Advisors Inc. now owns 39,271 shares of the company’s stock valued at $1,875,000 after buying an additional 3,066 shares during the period. American Century Companies Inc. grew its stake in Helios Technologies by 46.9% in the second quarter. American Century Companies Inc. now owns 24,218 shares of the company’s stock worth $1,156,000 after purchasing an additional 7,730 shares during the period. Isthmus Partners LLC lifted its holdings in shares of Helios Technologies by 1.1% during the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after purchasing an additional 670 shares during the last quarter. Finally, Mesirow Institutional Investment Management Inc. bought a new position in Helios Technologies in the 2nd quarter worth about $8,544,000. Institutional investors own 94.72% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Helios Technologies Price Performance

NASDAQ HLIO opened at $47.16 on Friday. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56. The company’s 50 day moving average is $43.51 and its two-hundred day moving average is $45.69. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 47.16 and a beta of 0.83. Helios Technologies, Inc. has a 12 month low of $37.50 and a 12 month high of $55.80.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The company had revenue of $219.90 million for the quarter, compared to the consensus estimate of $215.80 million. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. Helios Technologies’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.81 earnings per share. As a group, research analysts anticipate that Helios Technologies, Inc. will post 2.35 earnings per share for the current year.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 4th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.76%. Helios Technologies’s dividend payout ratio (DPR) is 36.00%.

Helios Technologies Company 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.