New York State Common Retirement Fund Reduces Stock Position in Helios Technologies, Inc. $HLIO

New York State Common Retirement Fund trimmed its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 18.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 83,979 shares of the company’s stock after selling 18,812 shares during the quarter. New York State Common Retirement Fund’s holdings in Helios Technologies were worth $4,378,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Royal Bank of Canada increased its stake in Helios Technologies by 0.6% during the first quarter. Royal Bank of Canada now owns 89,391 shares of the company’s stock worth $2,868,000 after acquiring an additional 556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Helios Technologies by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,771 shares of the company’s stock worth $634,000 after purchasing an additional 862 shares during the period. Goldman Sachs Group Inc. boosted its stake in shares of Helios Technologies by 14.2% during the first quarter. Goldman Sachs Group Inc. now owns 143,810 shares of the company’s stock valued at $4,615,000 after purchasing an additional 17,914 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Helios Technologies by 14.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,936 shares of the company’s stock valued at $2,276,000 after buying an additional 9,041 shares during the period. Finally, Jane Street Group LLC raised its stake in Helios Technologies by 198.2% in the first quarter. Jane Street Group LLC now owns 56,606 shares of the company’s stock worth $1,816,000 after buying an additional 37,624 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Up 3.6%

Shares of HLIO stock opened at $72.51 on Friday. The stock’s fifty day moving average price is $59.63 and its 200 day moving average price is $54.30. Helios Technologies, Inc. has a 1-year low of $24.76 and a 1-year high of $73.45. The company has a market cap of $2.40 billion, a price-to-earnings ratio of 64.17 and a beta of 1.30. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were issued a dividend of $0.09 per share. The ex-dividend date was Wednesday, January 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. Helios Technologies’s dividend payout ratio is 35.64%.

Wall Street Analysts Forecast Growth

HLIO has been the topic of several recent research reports. KeyCorp increased their target price on Helios Technologies from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Stifel Nicolaus raised their price objective on Helios Technologies from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, JPMorgan Chase & Co. began coverage on Helios Technologies in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 target price on the stock. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $69.25.

Helios Technologies Profile

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.