Envestnet Asset Management Inc. Has $3.91 Million Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Key Points

• Envestnet Asset Management Inc. raised its investment in Helios Technologies by 30.3% during the 1st quarter, now owning about 0.37% of the company.
• Institutional investors own 94.72% of Helios Technologies' stock, indicating strong backing from large financial entities.
• Wall Street analysts have mixed ratings on Helios Technologies, with KeyCorp upgrading to "overweight" and Robert W. Baird lowering its price target from $65.00 to $49.00.

Envestnet Asset Management Inc. boosted its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 30.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 121,779 shares of the company's stock after buying 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.

A number of other hedge funds also recently bought and sold shares of the company. Rockefeller Capital Management L.P. increased its holdings in shares of Helios Technologies by 362.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 249,738 shares of the company's stock valued at $11,148,000 after purchasing an additional 195,779 shares during the period. Raymond James Financial Inc. purchased a new position in Helios Technologies during the fourth quarter valued at approximately $7,696,000. Ceredex Value Advisors LLC increased 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 valued at $9,816,000 after buying an additional 132,007 shares during the period. Voya Investment Management LLC lifted its position in Helios Technologies by 25.1% in the 4th quarter. Voya Investment Management LLC now owns 450,429 shares of the company's stock worth $20,107,000 after buying an additional 90,362 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of Helios Technologies during the 4th quarter valued at $3,852,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. Stifel Nicolaus increased their price objective on Helios Technologies from $39.00 to $43.00 and gave the stock a "buy" rating in a report on Monday, July 21st. KeyCorp raised Helios Technologies from a "sector weight" rating to an "overweight" rating and set a $40.00 price target for the company in a research note on Thursday, June 26th. Finally, Robert W. Baird lowered their price target on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a research note on Thursday, May 8th.

Helios Technologies Stock Down 2.2%

Shares of NASDAQ HLIO traded down $0.82 during mid-day trading on Wednesday, reaching $36.81. 273,660 shares of the company traded hands, compared to its average volume of 314,432. The company's fifty day moving average is $33.64 and its two-hundred day moving average is $34.77. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. Helios Technologies, Inc. has a fifty-two week low of $24.76 and a fifty-two week high of $57.29. The stock has a market cap of $1.23 billion, a PE ratio of 32.58 and a beta of 1.26.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings data 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 net margin of 4.57% and a return on equity of 8.22%. Helios Technologies's quarterly revenue was down 7.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. On average, analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 21st. Stockholders of record on Monday, July 7th were given a $0.09 dividend. The ex-dividend date was Monday, July 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.98%. Helios Technologies's dividend payout ratio is 32.43%.

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.