Helios Technologies (NASDAQ:HLIO) Downgraded to “Sell” at Zacks Investment Research

Zacks Investment Research cut shares of Helios Technologies (NASDAQ:HLIO) from a hold rating to a sell rating in a research note published on Wednesday morning, Zacks.com reports.

According to Zacks, “Helios Technologies Inc. is an industrial technology company. It develops and manufactures hydraulic and electronic control solutions. The company’s operating subsidiaries includes Sun Hydraulics, Enovation Controls and Faster Group. Its operating business segment consists of Hydraulics and Electronics. Hydraulics segment includes material handling, construction equipment, agriculture, specialized vehicles and energy. Electronics segment provides electronic control solutions. Helios Technologies Inc., formerly known as Sun Hydraulics Corporation, is based in Sarasota, United States. “

Separately, ValuEngine upgraded Zuora from a hold rating to a buy rating in a research note on Saturday, July 6th.

Shares of HLIO traded down $0.43 during midday trading on Wednesday, hitting $44.89. The company had a trading volume of 29,344 shares, compared to its average volume of 112,626. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.13 and a current ratio of 2.03. The stock has a market capitalization of $1.44 billion, a PE ratio of 19.52 and a beta of 1.85. Helios Technologies has a 1 year low of $30.79 and a 1 year high of $58.13.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $146.85 million during the quarter, compared to analysts’ expectations of $151.91 million. Helios Technologies had a return on equity of 12.57% and a net margin of 9.19%. Analysts predict that Helios Technologies will post 2.56 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, July 5th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend is Wednesday, July 3rd. Helios Technologies’s payout ratio is presently 15.65%.

In related news, major shareholder Robert C. Koski sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $44.32, for a total transaction of $110,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine L. Koski sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $47.03, for a total value of $235,150.00. The disclosure for this sale can be found here. Insiders sold a total of 10,000 shares of company stock valued at $460,250 in the last quarter. Company insiders own 6.30% of the company’s stock.

Helios Technologies Company Profile

Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

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