Helios Technologies, Inc $HLIO Shares Sold by Renaissance Technologies LLC

Key Points

• Renaissance Technologies cut its Helios Technologies stake by 55.7% in the first quarter, selling 13,100 shares and retaining 10,400 shares valued at approximately $673,000.
• Institutional ownership remains high at 94.72%, with several investors—including Wasatch Advisors and Fifth Third Bancorp—substantially increasing their positions.
• Helios reported quarterly EPS of $0.88, exceeding estimates, while revenue rose 9.1% year over year to $231.9 million. Analysts maintain a “Moderate Buy” consensus with an average price target of $96.25.

Renaissance Technologies LLC lessened its position in Helios Technologies, Inc (NYSE:HLIO - Free Report) by 55.7% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,400 shares of the company's stock after selling 13,100 shares during the period. Renaissance Technologies LLC's holdings in Helios Technologies were worth $673,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Leeward Investments LLC MA bought a new stake in Helios Technologies in the first quarter worth about $9,659,000. Fifth Third Bancorp boosted its position in shares of Helios Technologies by 17,367.4% during the 1st quarter. Fifth Third Bancorp now owns 129,783 shares of the company's stock valued at $8,398,000 after purchasing an additional 129,040 shares in the last quarter. Strs Ohio acquired a new position in shares of Helios Technologies in the 1st quarter worth approximately $893,000. Wasatch Advisors LP grew its stake in shares of Helios Technologies by 35.4% in the 1st quarter. Wasatch Advisors LP now owns 799,008 shares of the company's stock worth $51,704,000 after purchasing an additional 208,823 shares during the last quarter. Finally, Castleark Management LLC raised its holdings in shares of Helios Technologies by 119.2% in the 4th quarter. Castleark Management LLC now owns 146,749 shares of the company's stock worth $7,850,000 after purchasing an additional 79,810 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company's stock.

Helios Technologies Trading Down 0.1%

Shares of NYSE HLIO opened at $81.44 on Monday. Helios Technologies, Inc has a one year low of $47.01 and a one year high of $95.05. The firm has a market capitalization of $2.68 billion, a PE ratio of 38.06 and a beta of 1.27. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35. The business has a 50-day moving average price of $82.90 and a two-hundred day moving average price of $75.30.

Helios Technologies (NYSE:HLIO - Get Free Report) last released its earnings results on Monday, August 10th. The company reported $0.88 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.08. The company had revenue of $231.90 million for the quarter. Helios Technologies had a return on equity of 11.43% and a net margin of 8.01%.The company's revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm earned $0.59 EPS. Helios Technologies has set its FY 2026 guidance at 3.050-3.250 EPS and its Q3 2026 guidance at 0.700-0.770 EPS. As a group, analysts predict that Helios Technologies, Inc will post 3.18 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 24th. Investors of record on Friday, July 10th were given a dividend of $0.12 per share. The ex-dividend date of this dividend was Friday, July 10th. This represents a $0.48 dividend on an annualized basis and a yield of 0.6%. Helios Technologies's payout ratio is presently 22.43%.

Insiders Place Their Bets

In other Helios Technologies news, insider Matteo Arduini sold 6,027 shares of the company's stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $90.42, for a total value of $544,961.34. Following the transaction, the insider owned 11,317 shares in the company, valued at approximately $1,023,283.14. This represents a 34.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.50% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on HLIO shares. JPMorgan Chase & Co. raised their target price on shares of Helios Technologies from $100.00 to $110.00 and gave the stock an "overweight" rating in a report on Wednesday, August 12th. Stifel Nicolaus upped their price target on Helios Technologies from $93.00 to $95.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Zacks Research lowered Helios Technologies from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, July 21st. KeyCorp lifted their target price on Helios Technologies from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Monday, July 13th. Finally, Wall Street Zen downgraded Helios Technologies from a "strong-buy" rating to a "buy" rating in a report on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $96.25.

Helios Technologies Company Profile

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company's Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.

Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc (NYSE:HLIO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source