Amundi Sells 777 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Amundi reduced its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 35.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,408 shares of the company’s stock after selling 777 shares during the quarter. Amundi’s holdings in Helios Technologies were worth $65,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quest Partners LLC bought a new position in shares of Helios Technologies during the third quarter worth approximately $623,000. King Luther Capital Management Corp increased its holdings in shares of Helios Technologies by 1.0% during the third quarter. King Luther Capital Management Corp now owns 70,442 shares of the company’s stock worth $3,360,000 after purchasing an additional 704 shares during the period. Intech Investment Management LLC bought a new position in shares of Helios Technologies during the third quarter worth approximately $224,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Helios Technologies by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock worth $17,410,000 after purchasing an additional 38,307 shares during the period. Finally, Truvestments Capital LLC bought a new position in shares of Helios Technologies during the third quarter worth approximately $179,000. 94.72% of the stock is owned by institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus lowered their target price on shares of Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th.

Helios Technologies Stock Performance

Shares of NASDAQ:HLIO opened at $33.69 on Friday. The company’s 50 day simple moving average is $40.65 and its 200 day simple moving average is $45.29. The stock has a market capitalization of $1.12 billion, a price-to-earnings ratio of 29.81 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. Helios Technologies, Inc. has a 1 year low of $33.10 and a 1 year high of $57.29.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.09 dividend. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. Helios Technologies’s dividend payout ratio (DPR) is 30.77%.

Helios Technologies declared that its Board of Directors has initiated a share repurchase plan on Monday, February 24th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board of directors believes its stock is undervalued.

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.