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

Deutsche Bank AG increased its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 51.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 31,174 shares of the company's stock after purchasing 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 SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Helios Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company's stock valued at $148,568,000 after purchasing an additional 13,059 shares during the period. Conestoga Capital Advisors LLC raised its holdings in Helios Technologies by 15.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock valued at $88,679,000 after acquiring an additional 266,127 shares during the period. Thrivent Financial for Lutherans raised its holdings in Helios Technologies by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company's stock valued at $82,219,000 after acquiring an additional 21,683 shares during the period. Dimensional Fund Advisors LP raised its holdings in Helios Technologies by 5.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,438,786 shares of the company's stock valued at $64,227,000 after acquiring an additional 79,178 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Helios Technologies by 5,804.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company's stock valued at $32,182,000 after acquiring an additional 708,715 shares during the period. 94.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

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

Helios Technologies Stock Performance

Shares of NASDAQ:HLIO traded up $1.44 on Tuesday, reaching $31.07. 510,415 shares of the company's stock were exchanged, compared to its average volume of 218,395. The company has a fifty day moving average of $29.61 and a 200-day moving average of $39.60. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $57.29. The company has a market capitalization of $1.04 billion, a price-to-earnings ratio of 27.49 and a beta of 1.22. 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 (NASDAQ:HLIO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (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 quarter last year, the firm posted $0.53 EPS. The business's revenue for the quarter was down 7.8% on a year-over-year basis. On average, research analysts predict that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies declared that its Board of Directors has initiated a share buyback program on Monday, February 24th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to buy up to 7.8% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.16%. Helios Technologies's payout ratio is presently 32.43%.

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.