JPMorgan Chase & Co. Lowers Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

JPMorgan Chase & Co. lessened its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 23.7% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 59,429 shares of the company’s stock after selling 18,506 shares during the period. JPMorgan Chase & Co. owned about 0.18% of Helios Technologies worth $2,835,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in HLIO. Geode Capital Management LLC grew its stake in shares of Helios Technologies by 1.1% in the third quarter. Geode Capital Management LLC now owns 752,544 shares of the company’s stock valued at $35,904,000 after buying an additional 7,871 shares in the last quarter. Barclays PLC boosted its holdings in Helios Technologies by 230.1% during the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock valued at $2,740,000 after acquiring an additional 40,048 shares during the period. State Street Corp grew its position in Helios Technologies by 0.6% in the 3rd quarter. State Street Corp now owns 773,777 shares of the company’s stock valued at $36,909,000 after acquiring an additional 4,699 shares in the last quarter. Stifel Financial Corp increased its stake in Helios Technologies by 46.5% during the third quarter. Stifel Financial Corp now owns 50,547 shares of the company’s stock worth $2,411,000 after purchasing an additional 16,041 shares during the period. Finally, Rockefeller Capital Management L.P. lifted its position in shares of Helios Technologies by 60.1% during the third quarter. Rockefeller Capital Management L.P. now owns 53,959 shares of the company’s stock worth $2,574,000 after purchasing an additional 20,250 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Price Performance

Shares of NASDAQ HLIO opened at $43.94 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 38.88 and a beta of 0.88. The stock’s 50-day moving average is $48.62 and its two-hundred day moving average is $46.53. Helios Technologies, Inc. has a 1-year low of $39.08 and a 1-year high of $57.29.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The company had revenue of $194.50 million during the quarter, compared to the consensus estimate of $196.41 million. During the same quarter in the previous year, the firm earned $0.44 earnings per share. The firm’s quarterly revenue was down 3.4% on a year-over-year basis. Analysts forecast that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. Helios Technologies’s payout ratio is currently 31.86%.

Insider Activity at Helios Technologies

In related news, Director Diana Sacchi sold 615 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the sale, the director now owns 3,636 shares in the company, valued at $196,016.76. The trade was a 14.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their target price on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

About Helios Technologies

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.