BNP Paribas Financial Markets Sells 9,089 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

BNP Paribas Financial Markets lowered its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 69.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,022 shares of the company's stock after selling 9,089 shares during the period. BNP Paribas Financial Markets' holdings in Helios Technologies were worth $180,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Signaturefd LLC increased its position in shares of Helios Technologies by 71.8% during the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock valued at $31,000 after acquiring an additional 287 shares in the last quarter. Aquatic Capital Management LLC increased its position in shares of Helios Technologies by 148.8% during the fourth 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 in the last quarter. Dark Forest Capital Management LP bought a new stake in shares of Helios Technologies during the fourth quarter valued at approximately $214,000. US Bancorp DE increased its position in shares of Helios Technologies by 321.2% during the fourth 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 in the last quarter. Finally, Empower Advisory Group LLC increased its position in shares of 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 acquiring an additional 615 shares in the last quarter. Institutional investors own 94.72% of the company's stock.

Helios Technologies Stock Performance

NASDAQ:HLIO traded up $2.91 during trading hours on Tuesday, reaching $31.75. The company had a trading volume of 634,099 shares, compared to its average volume of 225,375. 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 52 week low of $24.76 and a 52 week high of $57.29. The firm has a market cap of $1.06 billion, a price-to-earnings ratio of 28.10 and a beta of 1.22. The firm's 50 day moving average price is $29.16 and its 200-day moving average price is $38.82.

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

Helios Technologies announced 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 reacquire 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 Announces Dividend

The firm also recently disclosed 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies's payout ratio is 32.43%.

Analyst Ratings Changes

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