Susquehanna Fundamental Investments LLC bought a new stake in shares of Helios Technologies, Inc (NYSE:HLIO – Free Report) in the second quarter, HoldingsChannel reports. The institutional investor bought 24,922 shares of the company’s stock, valued at approximately $2,224,000.
Several other hedge funds have also made changes to their positions in HLIO. BlackRock Inc. bought a new position in shares of Helios Technologies during the 2nd quarter worth $231,414,000. Wellington Management Group LLP raised its holdings in shares of Helios Technologies by 114.9% in the fourth quarter. Wellington Management Group LLP now owns 1,997,527 shares of the company’s stock valued at $106,848,000 after acquiring an additional 1,067,846 shares in the last quarter. William Blair Investment Management LLC bought a new stake in shares of Helios Technologies in the second quarter valued at about $74,454,000. Bank of America Corp DE purchased a new stake in Helios Technologies in the second quarter worth about $36,693,000. Finally, Jupiter Topco LLC purchased a new stake in Helios Technologies in the second quarter worth about $36,438,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.
Helios Technologies Price Performance
Shares of HLIO stock opened at $70.42 on Wednesday. The stock’s 50-day moving average is $80.32 and its 200 day moving average is $75.82. Helios Technologies, Inc has a 1-year low of $47.01 and a 1-year high of $95.05. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.74 and a quick ratio of 1.53. The company has a market cap of $2.32 billion, a P/E ratio of 32.91 and a beta of 1.26.
Helios Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were paid a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Friday, July 10th. Helios Technologies’s payout ratio is 22.43%.
Wall Street Analyst Weigh In
A number of research analysts have commented on the stock. Wall Street Zen downgraded shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 8th. Zacks Research cut shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, July 21st. KeyCorp upped their price target on shares of Helios Technologies from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Monday, July 13th. JPMorgan Chase & Co. increased their price objective on shares of Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings raised shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday, August 12th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $96.25.
View Our Latest Stock Report on Helios Technologies
Insider Activity at Helios Technologies
In related news, insider Matteo Arduini sold 6,027 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $90.42, for a total transaction of $544,961.34. Following the completion of the sale, the insider owned 11,317 shares of the company’s stock, valued at $1,023,283.14. This represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.50% of the stock is currently owned by company insiders.
Helios Technologies Profile
Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.
Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.
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