Barrow Hanley Mewhinney & Strauss LLC Reduces Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Barrow Hanley Mewhinney & Strauss LLC decreased its holdings in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 4.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 957,983 shares of the company's stock after selling 41,132 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 2.88% of Helios Technologies worth $42,764,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLIO. Signaturefd LLC raised its position in Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after acquiring an additional 287 shares during the period. Aquatic Capital Management LLC increased its stake in shares of Helios Technologies by 148.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company's stock worth $167,000 after purchasing an additional 2,232 shares in the last quarter. Dark Forest Capital Management LP bought a new position in Helios Technologies in the 4th quarter worth $214,000. US Bancorp DE raised its holdings in 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 purchasing an additional 5,113 shares during the period. Finally, Empower Advisory Group LLC lifted its position in Helios Technologies by 10.0% during 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 in the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on HLIO shares. Robert W. Baird cut their price objective on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th. Stifel Nicolaus boosted their price target on Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.

Helios Technologies Price Performance

HLIO stock traded down $0.79 during mid-day trading on Wednesday, hitting $30.33. The company had a trading volume of 74,250 shares, compared to its average volume of 217,886. The company has a 50-day moving average price of $29.54 and a 200 day moving average price of $39.54. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 26.84 and a beta of 1.22. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. During the same period in the previous year, the business earned $0.53 EPS. The firm's revenue was down 7.8% on a year-over-year basis. On average, research analysts anticipate that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies announced that its Board of Directors has authorized a stock repurchase program on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board believes its stock is undervalued.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a dividend of $0.09 per share. The ex-dividend date was Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.19%. Helios Technologies's dividend payout ratio is currently 32.43%.

Helios Technologies 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.