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

Barrow Hanley Mewhinney & Strauss LLC lowered its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 957,983 shares of the company's stock after selling 41,132 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 2.88% of Helios Technologies worth $42,764,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Signaturefd LLC grew its holdings in shares of Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after purchasing an additional 287 shares during the period. Aquatic Capital Management LLC raised 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 valued at $167,000 after acquiring an additional 2,232 shares during the period. Dark Forest Capital Management LP purchased a new position in shares of Helios Technologies in the 4th quarter valued at $214,000. US Bancorp DE raised its stake 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 valued at $299,000 after acquiring an additional 5,113 shares during the period. Finally, Empower Advisory Group LLC raised its stake in shares of Helios Technologies by 10.0% in the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after acquiring an additional 615 shares during the period. Hedge funds and other institutional investors own 94.72% of the company's stock.

Helios Technologies Price Performance

Shares of HLIO stock opened at $30.66 on Friday. The company has a market capitalization of $1.02 billion, a PE ratio of 27.13 and a beta of 1.22. The firm has a fifty day simple moving average of $29.83 and a 200-day simple moving average of $40.10. 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 twelve month low of $24.76 and a twelve month high of $57.29.

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

Helios Technologies announced that its board has initiated a stock 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 repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

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 paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 annualized dividend and a dividend yield of 1.17%. Helios Technologies's dividend payout ratio (DPR) is presently 32.43%.

Analyst Ratings Changes

HLIO has been the topic of several research reports. Stifel Nicolaus raised their price objective on Helios Technologies from $35.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, May 8th. Robert W. Baird cut their price objective on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a research report on Thursday, May 8th.

About Helios Technologies

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.

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