Posted by admin on Jun 22nd, 2022

Sara Bay Financial decreased its position in Helios Technologies, Inc. (NASDAQ:HLIO – Get Rating) by 0.3% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 1,156,175 shares of the company’s stock after selling 3,280 shares during the quarter. Helios Technologies comprises 36.8% of Sara Bay Financial’s holdings, making the stock its largest position. Sara Bay Financial’s holdings in Helios Technologies were worth $92,783,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently added to or reduced their stakes in HLIO. Captrust Financial Advisors increased its stake in Helios Technologies by 46.4% in the 3rd quarter. Captrust Financial Advisors now owns 511 shares of the company’s stock worth $42,000 after purchasing an additional 162 shares during the period. Strs Ohio purchased a new position in Helios Technologies in the 4th quarter worth approximately $73,000. Silvant Capital Management LLC purchased a new position in Helios Technologies in the 4th quarter worth approximately $76,000. Fifth Third Bancorp increased its stake in Helios Technologies by 266.3% in the 4th quarter. Fifth Third Bancorp now owns 1,630 shares of the company’s stock worth $171,000 after purchasing an additional 1,185 shares during the period. Finally, Stephens Inc. AR purchased a new position in Helios Technologies in the 4th quarter worth approximately $212,000. Institutional investors own 91.23% of the company’s stock.

A number of brokerages have commented on HLIO. Robert W. Baird decreased their price target on Helios Technologies from $111.00 to $100.00 in a research note on Wednesday, May 11th. Stifel Nicolaus raised Helios Technologies from a “hold” rating to a “buy” rating and boosted their target price for the company from $85.00 to $95.00 in a research note on Tuesday, March 22nd. Finally, Barrington Research assumed coverage on Helios Technologies in a research note on Thursday, March 31st. They set an “outperform” rating and a $107.00 target price on the stock.

HLIO opened at $62.08 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.20 and a current ratio of 2.24. Helios Technologies, Inc. has a 52-week low of $61.88 and a 52-week high of $114.89. The stock has a market capitalization of $2.02 billion, a PE ratio of 14.11, a price-to-earnings-growth ratio of 1.15 and a beta of 1.22. The stock’s 50 day moving average price is $68.89 and its 200-day moving average price is $78.65.

Helios Technologies (NASDAQ:HLIO – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $1.18 earnings per share for the quarter, topping the consensus estimate of $0.96 by $0.22. The company had revenue of $240.55 million for the quarter, compared to analysts’ expectations of $221.02 million. Helios Technologies had a return on equity of 20.74% and a net margin of 12.43%. The firm’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.99 earnings per share. Research analysts forecast that Helios Technologies, Inc. will post 4.56 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 20th. Investors of record on Tuesday, July 5th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, July 1st. This represents a $0.36 annualized dividend and a yield of 0.58%. Helios Technologies’s payout ratio is 10.37%.

Helios Technologies Profile (Get Rating)

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 coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.

Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc. (NASDAQ:HLIO – Get Rating).

Receive News & Ratings for Helios Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios Technologies and related companies with MarketBeat.com's FREE daily email newsletter.

7,250 Shares in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) Bought by Glassy Mountain Advisors Inc.

Sara Bay Financial Sells 365 Shares of Etsy, Inc. (NASDAQ:ETSY)