Zacks Investment Research downgraded shares of Helios Technologies (NASDAQ:HLIO) from a hold rating to a sell rating in a report released on Thursday, Zacks.com reports.

According to Zacks, “Helios Technologies Inc. is an industrial technology company. It develops and manufactures hydraulic and electronic control solutions. The company’s operating subsidiaries includes Sun Hydraulics, Enovation Controls and Faster Group. Its operating business segment consists of Hydraulics and Electronics. Hydraulics segment includes material handling, construction equipment, agriculture, specialized vehicles and energy. Electronics segment provides electronic control solutions. Helios Technologies Inc., formerly known as Sun Hydraulics Corporation, is based in Sarasota, United States. “

Other research analysts also recently issued reports about the company. ValuEngine downgraded Helios Technologies from a hold rating to a sell rating in a research report on Tuesday, August 6th. Stifel Nicolaus dropped their price target on Helios Technologies from $48.00 to $46.00 and set a hold rating on the stock in a research report on Monday, July 15th. Finally, Morgan Stanley set a $40.00 price target on Helios Technologies and gave the stock a hold rating in a research report on Friday, August 9th.

Shares of HLIO stock opened at $41.32 on Thursday. The firm has a 50 day moving average of $45.10. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.51 and a quick ratio of 1.34. Helios Technologies has a twelve month low of $30.79 and a twelve month high of $58.13. The company has a market cap of $1.29 billion, a P/E ratio of 17.97 and a beta of 1.82.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.65 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.64 by $0.01. The company had revenue of $143.84 million for the quarter, compared to the consensus estimate of $146.64 million. Helios Technologies had a return on equity of 13.56% and a net margin of 10.91%. The company’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.43 EPS. Sell-side analysts predict that Helios Technologies will post 2.42 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Shareholders of record on Friday, July 5th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.87%. The ex-dividend date was Wednesday, July 3rd. Helios Technologies’s dividend payout ratio is currently 15.65%.

In other news, Director Christine L. Koski sold 5,000 shares of Helios Technologies stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $47.03, for a total transaction of $235,150.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Robert C. Koski sold 2,500 shares of Helios Technologies stock in a transaction that occurred on Thursday, June 27th. The stock was sold at an average price of $44.32, for a total value of $110,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,100 shares of company stock worth $852,243. Company insiders own 6.30% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Assetmark Inc. acquired a new stake in shares of Helios Technologies during the 2nd quarter worth approximately $28,000. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Helios Technologies during the 2nd quarter worth approximately $33,000. NumerixS Investment Technologies Inc acquired a new stake in shares of Helios Technologies during the 2nd quarter worth approximately $42,000. Quantamental Technologies LLC acquired a new stake in Helios Technologies in the 2nd quarter valued at $58,000. Finally, Victory Capital Management Inc. acquired a new stake in Helios Technologies in the 2nd quarter valued at $68,000. 84.86% of the stock is currently owned by institutional investors.

About Helios Technologies

Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

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