Deutsche Bank AG Purchases 10,616 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Deutsche Bank AG lifted its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 51.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 31,174 shares of the company's stock after acquiring an additional 10,616 shares during the quarter. Deutsche Bank AG owned approximately 0.09% of Helios Technologies worth $1,392,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in HLIO. Barclays PLC boosted its holdings in Helios Technologies by 230.1% during the third quarter. Barclays PLC now owns 57,451 shares of the company's stock valued at $2,740,000 after purchasing an additional 40,048 shares in the last quarter. SG Americas Securities LLC boosted its stake in Helios Technologies by 16.0% in the 4th quarter. SG Americas Securities LLC now owns 13,479 shares of the company's stock valued at $602,000 after buying an additional 1,863 shares in the last quarter. Inspire Investing LLC grew its position in Helios Technologies by 3.5% in the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock valued at $400,000 after acquiring an additional 301 shares during the period. Conestoga Capital Advisors LLC raised its stake in Helios Technologies by 15.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock worth $88,679,000 after acquiring an additional 266,127 shares in the last quarter. Finally, GHP Investment Advisors Inc. lifted its holdings in shares of Helios Technologies by 4.0% during the fourth quarter. GHP Investment Advisors Inc. now owns 38,720 shares of the company's stock valued at $1,728,000 after acquiring an additional 1,501 shares during the period. Institutional investors and hedge funds own 94.72% of the company's stock.

Helios Technologies Price Performance

Shares of NASDAQ:HLIO traded up $0.46 during midday trading on Thursday, reaching $30.47. The company's stock had a trading volume of 517,394 shares, compared to its average volume of 221,025. The business's fifty day simple moving average is $29.39 and its 200-day simple moving average is $39.32. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. Helios Technologies, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $57.29. The company has a market capitalization of $1.02 billion, a P/E ratio of 26.96 and a beta of 1.22.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings data 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%. During the same period in the previous year, the firm posted $0.53 earnings per share. The firm's quarterly revenue was down 7.8% on a year-over-year basis. As a group, equities research analysts expect that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

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 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 1.18%. Helios Technologies's dividend payout ratio (DPR) is currently 32.43%.

Helios Technologies declared that its board has initiated a stock repurchase plan on Monday, February 24th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's leadership believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on HLIO shares. Stifel Nicolaus upped their target price on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, May 8th. Robert W. Baird dropped their price objective on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday, May 8th.

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.