Vaughan Nelson Investment Management L.P. Reduces Stake in Helios Technologies, Inc $HLIO

Vaughan Nelson Investment Management L.P. cut its position in shares of Helios Technologies, Inc (NYSE:HLIO) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 758,737 shares of the company’s stock after selling 16,680 shares during the quarter. Vaughan Nelson Investment Management L.P. owned 2.29% of Helios Technologies worth $40,585,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Triumph Capital Management purchased a new position in shares of Helios Technologies in the third quarter valued at $36,000. Quarry LP grew its stake in Helios Technologies by 948.6% in the 3rd quarter. Quarry LP now owns 1,164 shares of the company’s stock valued at $61,000 after acquiring an additional 1,053 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Helios Technologies in the 3rd quarter valued at about $96,000. CWM LLC increased its holdings in Helios Technologies by 14.2% during the 3rd quarter. CWM LLC now owns 1,886 shares of the company’s stock valued at $98,000 after acquiring an additional 234 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Helios Technologies by 39.3% during the second quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $141,000 after acquiring an additional 1,196 shares during the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Stock Down 2.3%

Shares of NYSE HLIO opened at $62.95 on Tuesday. Helios Technologies, Inc has a 1 year low of $24.76 and a 1 year high of $76.47. The firm’s 50 day moving average price is $68.76 and its 200 day moving average price is $59.65. The firm has a market cap of $2.08 billion, a P/E ratio of 43.42 and a beta of 1.26. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 2.90.

Helios Technologies (NYSE:HLIO) last issued its quarterly earnings results on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.09. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.The company had revenue of $210.70 million during the quarter. During the same quarter last year, the firm posted $0.33 earnings per share. The company’s revenue was up 17.4% on a year-over-year basis.

Helios Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Monday, April 13th will be paid a $0.12 dividend. The ex-dividend date is Monday, April 13th. This is an increase from Helios Technologies’s previous quarterly dividend of $0.09. This represents a $0.48 annualized dividend and a yield of 0.8%. Helios Technologies’s payout ratio is currently 24.83%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HLIO. KeyCorp increased their price target on shares of Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, March 3rd. Weiss Ratings restated a “hold (c)” rating on shares of Helios Technologies in a research report on Monday, December 29th. Zacks Research upgraded Helios Technologies from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 4th. JPMorgan Chase & Co. initiated coverage on Helios Technologies in a research report on Tuesday, January 20th. They set an “overweight” rating and a $80.00 price target for the company. Finally, CJS Securities raised Helios Technologies to a “strong-buy” rating in a report on Thursday, December 11th. Two research analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $71.75.

Helios Technologies Company 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.