Dimensional Fund Advisors LP Buys 79,178 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Dimensional Fund Advisors LP boosted its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 5.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,438,786 shares of the company's stock after buying an additional 79,178 shares during the period. Dimensional Fund Advisors LP owned about 4.33% of Helios Technologies worth $64,227,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. First Trust Advisors LP boosted its holdings in Helios Technologies by 133.3% during the fourth quarter. First Trust Advisors LP now owns 29,715 shares of the company's stock valued at $1,326,000 after purchasing an additional 16,980 shares in the last quarter. Ceredex Value Advisors LLC increased its position in Helios Technologies by 150.2% in the fourth quarter. Ceredex Value Advisors LLC now owns 219,900 shares of the company's stock worth $9,816,000 after purchasing an additional 132,007 shares during the period. Barclays PLC grew its holdings in Helios Technologies by 6.9% during the 4th quarter. Barclays PLC now owns 61,408 shares of the company's stock worth $2,741,000 after acquiring an additional 3,957 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Helios Technologies by 362.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 249,738 shares of the company's stock valued at $11,148,000 after buying an additional 195,779 shares during the period. Finally, Raymond James Financial Inc. bought a new position in Helios Technologies during the 4th quarter worth approximately $7,696,000. Institutional investors own 94.72% of the company's stock.

Helios Technologies Stock Down 1.4 %

HLIO traded down $0.39 during trading on Monday, reaching $27.77. 292,590 shares of the stock were exchanged, compared to its average volume of 204,976. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The stock's 50 day moving average price is $31.49 and its two-hundred day moving average price is $41.60. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $57.29. The stock has a market cap of $925.73 million, a P/E ratio of 24.58 and a beta of 1.22.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were issued a $0.09 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.30%. Helios Technologies's payout ratio is 30.77%.

Helios Technologies declared that its Board of Directors has authorized a share repurchase program on Monday, February 24th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus cut their price target on shares of Helios Technologies from $58.00 to $35.00 and set a "buy" rating on the stock in a research note on Monday, April 14th.

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.