Goldman Sachs Group Inc. Buys 17,914 Shares of Helios Technologies, Inc. $HLIO

Key Points

• Goldman Sachs Group Inc. increased its stake in Helios Technologies by 14.2%, acquiring an additional 17,914 shares, bringing its total ownership to 143,810 shares valued at $4.6 million.
• Several institutional investors, including KBC Group NV and Quarry LP, have also recently modified their holdings in Helios Technologies, with 94.72% of the stock now owned by institutional investors.
• Helios Technologies received bullish ratings from analysts, with price targets raised to as high as $61.00, while the company has a target EPS of 2.06 for the current year.

Goldman Sachs Group Inc. raised its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 14.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 143,810 shares of the company's stock after purchasing an additional 17,914 shares during the quarter. Goldman Sachs Group Inc. owned 0.43% of Helios Technologies worth $4,615,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. grew its stake in Helios Technologies by 9.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 789,915 shares of the company's stock valued at $25,349,000 after purchasing an additional 68,990 shares in the last quarter. Royce & Associates LP grew its stake in Helios Technologies by 0.7% during the 1st quarter. Royce & Associates LP now owns 437,629 shares of the company's stock valued at $14,044,000 after purchasing an additional 2,830 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in Helios Technologies by 7.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 429,860 shares of the company's stock valued at $13,794,000 after purchasing an additional 30,961 shares in the last quarter. Ceredex Value Advisors LLC grew its stake in Helios Technologies by 59.4% during the 1st quarter. Ceredex Value Advisors LLC now owns 350,500 shares of the company's stock valued at $11,248,000 after purchasing an additional 130,600 shares in the last quarter. Finally, MetLife Investment Management LLC grew its stake in Helios Technologies by 1,593.9% during the 1st quarter. MetLife Investment Management LLC now owns 344,505 shares of the company's stock valued at $11,055,000 after purchasing an additional 324,167 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on HLIO. Stifel Nicolaus lifted their target price on Helios Technologies from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, July 21st. KeyCorp lifted their target price on Helios Technologies from $45.00 to $61.00 and gave the stock 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, Helios Technologies presently has a consensus rating of "Buy" and a consensus target price of $51.00.

Helios Technologies Price Performance

Shares of HLIO stock traded down $1.42 during mid-day trading on Friday, hitting $54.19. 453,202 shares of the stock traded hands, compared to its average volume of 318,533. 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's 50-day simple moving average is $47.68 and its 200-day simple moving average is $37.14. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $57.29. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 47.96 and a beta of 1.30.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.59 earnings per share for the quarter, beating 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%. The business's revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the business posted $0.64 earnings per share. Helios Technologies has set its FY 2025 guidance at 2.300-2.500 EPS. Q3 2025 guidance at 0.600-0.680 EPS. As a group, equities research analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

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.