Alliancebernstein L.P. boosted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 1.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 38,166 shares of the company’s stock after acquiring an additional 600 shares during the period. Alliancebernstein L.P.’s holdings in Helios Technologies were worth $2,781,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank acquired a new stake in Helios Technologies during the fourth quarter valued at approximately $21,533,000. BlackRock Inc. boosted its holdings in shares of Helios Technologies by 4.7% in the 4th quarter. BlackRock Inc. now owns 2,156,158 shares of the company’s stock worth $114,902,000 after acquiring an additional 96,415 shares in the last quarter. GW&K Investment Management LLC boosted its holdings in shares of Helios Technologies by 10.7% in the 4th quarter. GW&K Investment Management LLC now owns 739,907 shares of the company’s stock worth $39,429,000 after acquiring an additional 71,297 shares in the last quarter. King Luther Capital Management Corp acquired a new position in shares of Helios Technologies in the 4th quarter worth approximately $3,560,000. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Helios Technologies by 175.8% in the 4th quarter. JPMorgan Chase & Co. now owns 62,680 shares of the company’s stock worth $3,340,000 after acquiring an additional 39,956 shares in the last quarter. Hedge funds and other institutional investors own 89.38% of the company’s stock.
Several brokerages have recently commented on HLIO. TheStreet raised Helios Technologies from a “c+” rating to a “b+” rating in a report on Monday, May 10th. Robert W. Baird upped their price objective on Helios Technologies from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, May 11th. Zacks Investment Research raised Helios Technologies from a “sell” rating to a “buy” rating and set a $87.00 price objective on the stock in a report on Friday, May 14th. Finally, Morgan Stanley upped their price objective on Helios Technologies from $76.00 to $81.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 12th.
Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Monday, May 10th. The company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.74 by $0.25. The company had revenue of $204.84 million during the quarter, compared to analysts’ expectations of $173.22 million. Helios Technologies had a net margin of 9.03% and a return on equity of 14.33%. The business’s revenue for the quarter was up 58.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.56 EPS. Analysts forecast that Helios Technologies, Inc. will post 3.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 20th. Shareholders of record on Monday, July 5th will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.50%. The ex-dividend date of this dividend is Thursday, July 1st. Helios Technologies’s payout ratio is 16.07%.
Helios Technologies Profile
Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets 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; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.
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