Ceredex Value Advisors LLC Trims Stock Position in Helios Technologies, Inc. $HLIO

Ceredex Value Advisors LLC lessened its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 53.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 192,800 shares of the company’s stock after selling 225,150 shares during the period. Ceredex Value Advisors LLC owned about 0.58% of Helios Technologies worth $10,051,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. JPMorgan Chase & Co. began coverage on Helios Technologies in a research report on Tuesday, January 20th. They set an “overweight” rating and a $80.00 target price on the stock. Stifel Nicolaus upped their price target on Helios Technologies from $74.00 to $76.00 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, KeyCorp raised their price objective on Helios Technologies from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Helios Technologies currently has a consensus rating of “Buy” and a consensus target price of $71.75.

Helios Technologies Trading Up 0.5%

Shares of Helios Technologies stock opened at $65.90 on Wednesday. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $76.47. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average price of $67.13 and a 200-day moving average price of $58.60. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of 58.32 and a beta of 1.26.

Helios Technologies (NASDAQ:HLIO) last posted its earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%.The firm’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 EPS. Equities research analysts anticipate that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, January 7th. Helios Technologies’s dividend payout ratio is currently 24.83%.

Helios Technologies Company 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.