Clean Yield Group Cuts Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Clean Yield Group decreased its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 12.0% during the 1st quarter, HoldingsChannel.com reports. The fund owned 9,657 shares of the company’s stock after selling 1,312 shares during the period. Clean Yield Group’s holdings in Helios Technologies were worth $310,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Barclays PLC lifted its stake in shares of Helios Technologies by 230.1% during the third quarter. Barclays PLC now owns 57,451 shares of the company’s stock worth $2,740,000 after purchasing an additional 40,048 shares in the last quarter. GHP Investment Advisors Inc. lifted its position in Helios Technologies by 4.0% during the 4th quarter. GHP Investment Advisors Inc. now owns 38,720 shares of the company’s stock worth $1,728,000 after acquiring an additional 1,501 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Helios Technologies by 5,804.4% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock worth $32,182,000 after acquiring an additional 708,715 shares in the last quarter. Rhumbline Advisers boosted its holdings in Helios Technologies by 1.5% in the 4th quarter. Rhumbline Advisers now owns 50,612 shares of the company’s stock worth $2,259,000 after acquiring an additional 726 shares during the period. Finally, Empower Advisory Group LLC grew its position in Helios Technologies by 10.0% in the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock valued at $302,000 after acquiring an additional 615 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HLIO shares. Stifel Nicolaus boosted their target price on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird dropped their price target on shares of Helios Technologies from $65.00 to $49.00 and set an “outperform” rating on the stock in a research note on Thursday, May 8th.

Helios Technologies Trading Up 1.2%

Shares of HLIO opened at $32.33 on Friday. The company has a market capitalization of $1.08 billion, a P/E ratio of 28.61 and a beta of 1.22. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $57.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The stock has a 50-day moving average price of $29.17 and a 200 day moving average price of $38.45.

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

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Investors of record on Monday, July 7th will be issued a $0.09 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.36 annualized dividend and a yield of 1.11%. Helios Technologies’s dividend payout ratio is presently 32.43%.

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