CenterBook Partners LP bought a new stake in shares of Helios Technologies, Inc (NYSE:HLIO – Free Report) in the 3rd quarter, HoldingsChannel reports. The firm bought 13,645 shares of the company’s stock, valued at approximately $927,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Nykredit A S bought a new position in shares of Helios Technologies in the 2nd quarter worth $30,000. NewEdge Advisors LLC purchased a new stake in shares of Helios Technologies during the 1st quarter valued at $29,000. Allworth Financial LP purchased a new stake in shares of Helios Technologies during the 2nd quarter valued at $40,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Helios Technologies during the 2nd quarter valued at $43,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Helios Technologies during the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HLIO. Stifel Nicolaus cut their target price on shares of Helios Technologies from $78.00 to $65.00 and set a “buy” rating for the company in a research report on Monday. Weiss Ratings raised Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research note on Thursday, October 8th. Wall Street Zen downgraded Helios Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. JPMorgan Chase & Co. lowered their price target on Helios Technologies from $110.00 to $90.00 and set an “overweight” rating on the stock in a research report on Monday. Finally, KeyCorp dropped their price target on Helios Technologies from $95.00 to $85.00 and set an “overweight” rating for the company in a research note on Friday, November 6th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, Helios Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $76.25.
View Our Latest Stock Report on HLIO
Helios Technologies Price Performance
Shares of Helios Technologies stock opened at $48.07 on Wednesday. Helios Technologies, Inc has a 52-week low of $46.95 and a 52-week high of $95.05. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 20.37 and a beta of 1.28. The company has a fifty day moving average of $67.30 and a 200-day moving average of $73.15. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.62.
Helios Technologies (NYSE:HLIO – Get Free Report) last released its earnings results on Thursday, November 5th. The company reported $0.80 EPS for the quarter, beating the consensus estimate of $0.75 by $0.05. The company had revenue of $229.70 million for the quarter. Helios Technologies had a net margin of 8.74% and a return on equity of 11.60%. Helios Technologies’s revenue for the quarter was up 4.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.72 EPS. Equities research analysts expect that Helios Technologies, Inc will post 3.10 EPS for the current year.
Helios Technologies Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were given a dividend of $0.12 per share. This represents a $0.48 annualized dividend and a yield of 1.0%. The ex-dividend date was Tuesday, October 13th. Helios Technologies’s dividend payout ratio is presently 20.34%.
About Helios Technologies
Helios Technologies, Inc. is a global manufacturer of hydraulic and electronic control technologies. Its products are used by original equipment manufacturers in markets including mobile and industrial equipment, marine, and other specialty vehicles. Through its hydraulics businesses, the company makes cartridge valves, hydraulic integrated circuits and manifolds, and quick-release couplings. Its electronic controls businesses provide technologies such as control systems, displays, instrumentation, and related products for vehicle and equipment applications.
Featured Articles
- Five stocks we like better than Helios Technologies
- Why Kinder Morgan’s Chairman Just Bought $15 Million in Stock
- Rocket Lab’s Record Backlog Could Fuel a Rebound, But Neutron Raises the Stakes
- Don’t Let Their Low Yields Fool You: 3 Dividend Stocks Worth Watching
- A $4 Billion Jolt: NRG Energy Powers Data Center Ambitions
Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc (NYSE:HLIO – Free Report).
Receive News & Ratings for Helios Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
