Deutsche Bank AG acquired a new position in shares of Helios Technologies, Inc (NYSE:HLIO – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 34,523 shares of the company’s stock, valued at approximately $3,081,000.
A number of other hedge funds have also modified their holdings of the company. NewEdge Advisors LLC bought a new stake in Helios Technologies in the 1st quarter valued at approximately $29,000. Triumph Capital Management bought a new position in shares of Helios Technologies during the 3rd quarter worth approximately $36,000. Quarry LP grew its stake in shares of Helios Technologies by 948.6% during the 3rd quarter. Quarry LP now owns 1,164 shares of the company’s stock worth $61,000 after acquiring an additional 1,053 shares in the last quarter. Global Retirement Partners LLC acquired a new stake in shares of Helios Technologies in the fourth quarter valued at approximately $66,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Helios Technologies in the fourth quarter worth $104,000. 94.72% of the stock is currently owned by institutional investors.
Helios Technologies Trading Up 0.7%
HLIO stock opened at $74.77 on Thursday. Helios Technologies, Inc has a one year low of $47.01 and a one year high of $95.05. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 34.94 and a beta of 1.27. The company has a fifty day moving average price of $81.75 and a two-hundred day moving average price of $75.83. The company has a debt-to-equity ratio of 0.35, a current ratio of 2.74 and a quick ratio of 1.53.
Helios Technologies Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Stockholders of record on Friday, July 10th were issued a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Friday, July 10th. Helios Technologies’s payout ratio is currently 22.43%.
Analyst Ratings Changes
A number of research firms recently weighed in on HLIO. KeyCorp raised their target price on shares of Helios Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Stifel Nicolaus raised their price objective on Helios Technologies from $93.00 to $95.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Wall Street Zen lowered Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. JPMorgan Chase & Co. increased their price target on Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research report on Wednesday, August 12th. Finally, Zacks Research downgraded Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $96.25.
Check Out Our Latest Research Report on Helios Technologies
Insider Activity
In other news, insider Matteo Arduini sold 6,027 shares of the company’s stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $90.42, for a total value of $544,961.34. Following the transaction, the insider owned 11,317 shares of the company’s stock, valued at approximately $1,023,283.14. This represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.50% of the stock is currently owned by corporate insiders.
About Helios Technologies
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.
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