Bank of America Corp DE Reduces Holdings in Helios Technologies, Inc $HLIO

Key Points

• Bank of America reduced its Helios Technologies stake by 22.5% in the first quarter, selling 148,377 shares and retaining 510,519 shares worth approximately $33.0 million. Institutional investors collectively own 94.72% of the company.
• Analysts maintain a generally positive view, with Helios holding a consensus “Moderate Buy” rating and an average price target of $96.25, above its reported $81.44 share price.
• Helios reported quarterly EPS of $0.88, beating estimates of $0.80, while revenue rose 9.1% year over year to $231.9 million. The company also declared a quarterly dividend of $0.12, representing a 0.6% annualized yield.

Bank of America Corp DE decreased its holdings in Helios Technologies, Inc (NYSE:HLIO - Free Report) by 22.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 510,519 shares of the company's stock after selling 148,377 shares during the quarter. Bank of America Corp DE owned approximately 1.54% of Helios Technologies worth $33,036,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. Triumph Capital Management bought a new position in shares of Helios Technologies during the third quarter worth about $36,000. Quarry LP grew its stake in Helios Technologies by 948.6% during the 3rd quarter. Quarry LP now owns 1,164 shares of the company's stock worth $61,000 after buying an additional 1,053 shares during the last quarter. Global Retirement Partners LLC bought a new position in shares of Helios Technologies during the fourth quarter worth about $66,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Helios Technologies in the fourth quarter valued at approximately $104,000. Finally, Tower Research Capital LLC TRC raised its stake in Helios Technologies by 39.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company's stock valued at $141,000 after acquiring an additional 1,196 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Weiss Ratings upgraded shares of Helios Technologies from a "hold (c)" rating to a "hold (c+)" rating in a research report on Wednesday. KeyCorp increased their price target on Helios Technologies from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Monday, July 13th. Robert W. Baird lifted their target price on Helios Technologies from $81.00 to $85.00 and gave the company an "outperform" rating in a research note on Wednesday, May 13th. Wall Street Zen downgraded shares of Helios Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, August 8th. Finally, Zacks Research lowered shares of Helios Technologies from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, July 21st. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $96.25.

Helios Technologies Stock Up 0.4%

HLIO opened at $81.44 on Friday. The company has a current ratio of 2.74, a quick ratio of 1.58 and a debt-to-equity ratio of 0.35. The stock has a market capitalization of $2.68 billion, a price-to-earnings ratio of 38.06 and a beta of 1.27. The business has a 50 day moving average of $82.90 and a 200-day moving average of $75.23. Helios Technologies, Inc has a 1-year low of $47.01 and a 1-year high of $95.05.

Helios Technologies (NYSE:HLIO - Get Free Report) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.88 EPS for the quarter, beating analysts' consensus estimates of $0.80 by $0.08. Helios Technologies had a net margin of 8.01% and a return on equity of 11.43%. The business had revenue of $231.90 million during the quarter. During the same period in the prior year, the company posted $0.59 EPS. The firm's quarterly revenue was up 9.1% on a year-over-year basis. Helios Technologies has set its FY 2026 guidance at 3.050-3.250 EPS and its Q3 2026 guidance at 0.700-0.770 EPS. As a group, sell-side analysts anticipate that Helios Technologies, Inc will post 3.18 earnings per share for the current year.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 24th. Shareholders of record on Friday, July 10th were issued a $0.12 dividend. This represents a $0.48 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Friday, July 10th. Helios Technologies's payout ratio is 22.43%.

Insiders Place Their Bets

In related news, insider Matteo Arduini sold 6,027 shares of the stock in a transaction dated Tuesday, June 23rd. The shares were sold at an average price of $90.42, for a total value of $544,961.34. Following the completion of the transaction, the insider owned 11,317 shares of the company's stock, valued at $1,023,283.14. This represents a 34.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.50% of the stock is currently owned by insiders.

About Helios Technologies

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company's Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source