Helios Technologies, Inc. (NASDAQ:HLIO) Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 30.3% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 121,779 shares of the company's stock after purchasing an additional 28,316 shares during the period. Envestnet Asset Management Inc. owned about 0.37% of Helios Technologies worth $3,908,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC acquired a new stake in shares of Helios Technologies during the fourth quarter valued at $517,000. American Century Companies Inc. boosted its stake in shares of Helios Technologies by 23.5% during the fourth quarter. American Century Companies Inc. now owns 59,816 shares of the company's stock valued at $2,670,000 after acquiring an additional 11,383 shares during the last quarter. Sei Investments Co. boosted its stake in shares of Helios Technologies by 5.8% during the fourth quarter. Sei Investments Co. now owns 187,176 shares of the company's stock valued at $8,356,000 after acquiring an additional 10,225 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Helios Technologies during the fourth quarter valued at $330,000. Finally, Vanguard Group Inc. boosted its stake in shares of Helios Technologies by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company's stock valued at $148,568,000 after acquiring an additional 13,059 shares during the last quarter. Institutional investors and hedge funds own 94.72% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. KeyCorp raised Helios Technologies from a "sector weight" rating to an "overweight" rating and set a $40.00 price objective on the stock in a research note on Thursday, June 26th. Robert W. Baird decreased their price objective on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Finally, Stifel Nicolaus increased 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.

Helios Technologies Stock Performance

NASDAQ HLIO opened at $38.18 on Friday. The business's 50-day moving average price is $33.43 and its 200 day moving average price is $34.87. 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 $1.27 billion, a PE ratio of 33.79 and a beta of 1.26. 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 released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. During the same quarter in the prior year, the firm earned $0.53 EPS. Helios Technologies'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 earnings per share for the current year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were issued a $0.09 dividend. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.94%. Helios Technologies's dividend payout ratio (DPR) is 32.43%.

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.

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