Sherbrooke Park Advisers LLC Lowers Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Sherbrooke Park Advisers LLC cut its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 38.9% in the 4th quarter, Holdings Channel reports. The institutional investor owned 7,750 shares of the company’s stock after selling 4,937 shares during the quarter. Sherbrooke Park Advisers LLC’s holdings in Helios Technologies were worth $346,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Signaturefd LLC grew its stake in shares of Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after buying an additional 287 shares during the period. Aquatic Capital Management LLC grew its stake in shares of Helios Technologies by 148.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock valued at $167,000 after buying an additional 2,232 shares during the period. Dark Forest Capital Management LP purchased a new stake in shares of Helios Technologies during the 4th quarter valued at $214,000. US Bancorp DE grew its stake in shares of Helios Technologies by 321.2% during the 4th quarter. US Bancorp DE now owns 6,705 shares of the company’s stock valued at $299,000 after buying an additional 5,113 shares during the period. Finally, Empower Advisory Group LLC grew its stake in shares of Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock valued at $302,000 after buying an additional 615 shares during the period. 94.72% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLIO has been the subject of several research reports. Stifel Nicolaus boosted their price objective on shares of Helios Technologies from $35.00 to $39.00 and gave the company a “buy” rating in a research note on Thursday, May 8th. Robert W. Baird reduced their target price on shares of Helios Technologies from $65.00 to $49.00 and set an “outperform” rating on the stock in a report on Thursday, May 8th.

Helios Technologies Stock Performance

NASDAQ:HLIO opened at $32.66 on Monday. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 28.90 and a beta of 1.22. The firm’s fifty day simple moving average is $30.15 and its 200 day simple moving average is $40.46. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $57.29.

Helios Technologies (NASDAQ:HLIO) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.36 by $0.08. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. Helios Technologies’s revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter last year, the business posted $0.53 EPS. As a group, equities research analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies announced that its board has initiated a stock buyback program on Monday, February 24th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to buy up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its stock is undervalued.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a dividend of $0.09 per share. The ex-dividend date was Friday, April 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.10%. Helios Technologies’s payout ratio is 32.43%.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions 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; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.