D. E. Shaw & Co. Inc. Cuts Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

D. E. Shaw & Co. Inc. cut its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 70.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,113 shares of the company's stock after selling 17,173 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Helios Technologies were worth $318,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in HLIO. Signaturefd LLC raised its holdings in Helios Technologies by 71.8% in the 4th 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 raised its holdings in shares of Helios Technologies by 148.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company's stock worth $167,000 after buying an additional 2,232 shares in the last quarter. Dark Forest Capital Management LP acquired a new position in shares of Helios Technologies during the 4th quarter worth $214,000. US Bancorp DE increased 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 in the last quarter. Finally, Empower Advisory Group LLC increased its holdings in Helios Technologies by 10.0% in the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock worth $302,000 after purchasing an additional 615 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.

Helios Technologies Stock Down 0.4%

Shares of Helios Technologies stock traded down $0.13 on Friday, hitting $30.33. The company had a trading volume of 650,030 shares, compared to its average volume of 223,052. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 26.84 and a beta of 1.22. Helios Technologies, Inc. has a 1 year low of $24.76 and a 1 year high of $57.29. The stock has a 50 day moving average of $29.31 and a 200-day moving average of $39.18. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates 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 quarter in the prior year, the business earned $0.53 earnings per share. The firm's revenue for the quarter was down 7.8% on a year-over-year basis. As a group, sell-side analysts forecast that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies declared that its board has initiated a share repurchase program on Monday, February 24th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company's management believes its shares are undervalued.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Friday, April 4th. Helios Technologies's dividend payout ratio (DPR) is presently 32.43%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on HLIO shares. Stifel Nicolaus increased their price target on Helios Technologies from $35.00 to $39.00 and gave the company a "buy" rating in a research note on Thursday, May 8th. Robert W. Baird cut their target price 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.

Helios Technologies Company 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.