Helios Technologies, Inc. (NASDAQ:HLIO) Holdings Lifted by Raymond James & Associates

Raymond James & Associates boosted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 31.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,272 shares of the company’s stock after buying an additional 17,611 shares during the quarter. Raymond James & Associates owned 0.22% of Helios Technologies worth $3,495,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Innealta Capital LLC bought a new position in Helios Technologies during the second quarter valued at about $35,000. nVerses Capital LLC boosted its position in shares of Helios Technologies by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock valued at $57,000 after purchasing an additional 800 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Helios Technologies in the 2nd quarter valued at $110,000. SG Americas Securities LLC acquired a new position in shares of Helios Technologies in the 2nd quarter valued at $138,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Helios Technologies in the 1st quarter valued at $133,000. Institutional investors own 94.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on HLIO shares. KeyCorp lowered Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th. Stifel Nicolaus decreased their price target on Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a research report on Wednesday, October 16th.

Helios Technologies Trading Up 3.9 %

Shares of NASDAQ HLIO opened at $47.95 on Monday. Helios Technologies, Inc. has a one year low of $37.50 and a one year high of $54.06. The firm has a market capitalization of $1.59 billion, a PE ratio of 53.28 and a beta of 0.84. 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 business has a 50-day moving average price of $45.42 and a two-hundred day moving average price of $46.33.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The firm had revenue of $219.90 million during the quarter, compared to analyst estimates of $215.80 million. During the same period last year, the company posted $0.81 EPS. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. As a group, analysts predict that Helios Technologies, Inc. will post 2.3 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a dividend of $0.09 per share. The ex-dividend date was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.75%. Helios Technologies’s payout ratio is presently 40.00%.

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.