Robert W. Baird Cuts Helios Technologies (NASDAQ:HLIO) Price Target to $49.00

Helios Technologies (NASDAQ:HLIO) had its target price decreased by Robert W. Baird from $65.00 to $49.00 in a research report report published on Thursday morning,Benzinga reports. Robert W. Baird currently has an outperform rating on the stock.

Separately, Stifel Nicolaus reduced their price target on Helios Technologies from $58.00 to $35.00 and set a “buy” rating for the company in a research report on Monday, April 14th.

Helios Technologies Stock Up 0.1 %

Shares of HLIO stock opened at $31.37 on Thursday. Helios Technologies has a 12-month low of $24.76 and a 12-month high of $57.29. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The firm has a fifty day moving average of $30.55 and a 200-day moving average of $40.99. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 27.76 and a beta of 1.22.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. Helios Technologies’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 EPS. As a group, equities research analysts predict that Helios Technologies will post 2.06 earnings per share for the current fiscal year.

Helios Technologies declared that its board has authorized a stock buyback program on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s leadership believes its shares are undervalued.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.09 per share. The ex-dividend date was Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.15%. Helios Technologies’s dividend payout ratio (DPR) is presently 32.43%.

Institutional Investors Weigh In On Helios Technologies

Large investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in Helios Technologies by 71.8% during the fourth quarter. Signaturefd LLC now owns 687 shares of the company’s stock worth $31,000 after acquiring an additional 287 shares in the last quarter. KBC Group NV acquired a new position in Helios Technologies during the first quarter worth approximately $26,000. Aquatic Capital Management LLC raised its stake in Helios Technologies by 148.8% in the fourth quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock valued at $167,000 after buying an additional 2,232 shares during the period. GAMMA Investing LLC raised its stake in Helios Technologies by 2,361.9% in the first quarter. GAMMA Investing LLC now owns 4,653 shares of the company’s stock valued at $145,000 after buying an additional 4,464 shares during the period. Finally, Dark Forest Capital Management LP bought a new position in shares of Helios Technologies during the 4th quarter worth approximately $214,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

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.