Ameriprise Financial Inc. Boosts Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Ameriprise Financial Inc. lifted its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 157,551 shares of the company's stock after buying an additional 22,680 shares during the quarter. Ameriprise Financial Inc. owned about 0.47% of Helios Technologies worth $7,033,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Helios Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company's stock worth $148,568,000 after purchasing an additional 13,059 shares during the period. Renaissance Technologies LLC bought a new position in Helios Technologies in the 4th quarter worth about $1,079,000. Barclays PLC boosted its stake in Helios Technologies by 230.1% in the 3rd quarter. Barclays PLC now owns 57,451 shares of the company's stock worth $2,740,000 after purchasing an additional 40,048 shares during the period. Ceredex Value Advisors LLC boosted its stake in Helios Technologies by 150.2% in the 4th quarter. Ceredex Value Advisors LLC now owns 219,900 shares of the company's stock worth $9,816,000 after purchasing an additional 132,007 shares during the period. Finally, Commonwealth Equity Services LLC bought a new position in Helios Technologies in the 4th quarter worth about $517,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Helios Technologies Price Performance

Shares of Helios Technologies stock traded down $0.32 on Wednesday, hitting $30.80. 12,164 shares of the company traded hands, compared to its average volume of 217,617. The firm's 50-day simple moving average is $29.54 and its 200 day simple moving average is $39.54. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.03 billion, a P/E ratio of 27.26 and a beta of 1.22. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping 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%. The firm's quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.53 earnings per share. Analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date was Friday, April 4th. Helios Technologies's dividend payout ratio (DPR) is presently 32.43%.

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

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.