American Century Companies Inc. Grows Position in Helios Technologies, Inc. (NASDAQ:HLIO)

American Century Companies Inc. grew its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 59,816 shares of the company's stock after acquiring an additional 11,383 shares during the period. American Century Companies Inc. owned 0.18% of Helios Technologies worth $2,670,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC lifted its stake in shares of Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock valued at $31,000 after buying an additional 287 shares in the last quarter. US Bancorp DE boosted its holdings in shares of Helios Technologies by 321.2% in the 4th quarter. US Bancorp DE now owns 6,705 shares of the company's stock worth $299,000 after buying an additional 5,113 shares during the last quarter. Empower Advisory Group LLC lifted its stake in Helios Technologies by 10.0% in the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after purchasing an additional 615 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Helios Technologies during the 4th quarter worth $315,000. Finally, Inspire Investing LLC boosted its position in Helios Technologies by 3.5% during the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock worth $400,000 after purchasing an additional 301 shares during the period. 94.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price target on shares of Helios Technologies from $60.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th.

Helios Technologies Price Performance

Shares of HLIO stock traded up $0.15 during trading hours on Friday, hitting $27.08. 159,470 shares of the company's stock were exchanged, compared to its average volume of 199,089. The company has a market capitalization of $901.69 million, a PE ratio of 23.97 and a beta of 1.03. The business's 50 day simple moving average is $35.76 and its 200-day simple moving average is $43.80. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29.

Helios Technologies declared that its Board of Directors has initiated a share repurchase plan on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board of directors believes its stock is undervalued.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. Helios Technologies's dividend payout ratio is presently 30.77%.

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.