Conestoga Capital Advisors LLC Decreases Holdings in Helios Technologies, Inc. $HLIO

Key Points

• Conestoga Capital Advisors LLC reduced its stake in Helios Technologies by 0.9% during the second quarter, now owning approximately 1,954,386 shares valued at around $65 million.
• Several hedge funds have made substantial changes to their positions in Helios Technologies, with notable increases from Quarry LP and Russell Investments Group, indicating strong institutional interest.
• Helios Technologies is projected to report earnings per share of 2.06 for the current fiscal year, with recent analyst upgrades raising price targets significantly, reflecting a bullish outlook on the stock.

Conestoga Capital Advisors LLC cut its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 0.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,954,386 shares of the company's stock after selling 17,077 shares during the period. Conestoga Capital Advisors LLC owned about 5.86% of Helios Technologies worth $65,218,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. KBC Group NV purchased a new stake in Helios Technologies during the 1st quarter valued at $26,000. Quarry LP raised its stake in Helios Technologies by 406.4% during the 1st quarter. Quarry LP now owns 1,023 shares of the company's stock valued at $33,000 after buying an additional 821 shares during the last quarter. Russell Investments Group Ltd. grew its position in shares of Helios Technologies by 7,183.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,311 shares of the company's stock valued at $42,000 after acquiring an additional 1,293 shares during the period. CWM LLC grew its position in shares of Helios Technologies by 1,276.7% during the 2nd quarter. CWM LLC now owns 1,652 shares of the company's stock valued at $55,000 after acquiring an additional 1,532 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of Helios Technologies by 2,361.9% during the 1st quarter. GAMMA Investing LLC now owns 4,653 shares of the company's stock valued at $145,000 after acquiring an additional 4,464 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HLIO has been the subject of a number of recent research reports. Stifel Nicolaus boosted their price objective on shares of Helios Technologies from $39.00 to $43.00 and gave the company a "buy" rating in a research report on Monday, July 21st. KeyCorp boosted their price objective on shares of Helios Technologies from $45.00 to $61.00 and gave the company an "overweight" rating in a research report on Friday, September 5th. Three investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $51.00.

Helios Technologies Trading Down 0.2%

Shares of Helios Technologies stock opened at $53.02 on Monday. The company has a market capitalization of $1.76 billion, a P/E ratio of 46.92 and a beta of 1.26. 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 company has a fifty day moving average of $52.85 and a 200 day moving average of $39.60. Helios Technologies, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its earnings results on Monday, August 4th. The company reported $0.59 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.09. 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 company posted $0.64 earnings per share. Helios Technologies's revenue was down 3.4% on a year-over-year basis. Helios Technologies has set its FY 2025 guidance at 2.300-2.500 EPS. Q3 2025 guidance at 0.600-0.680 EPS. On average, sell-side analysts anticipate that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend is Tuesday, October 7th. Helios Technologies's dividend payout ratio is 34.62%.

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.

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