US Bancorp DE Acquires 4,790 Shares of Helios Technologies, Inc. $HLIO

Key Points

• US Bancorp DE increased its stake in Helios Technologies by 71.4%, owning 11,495 shares valued at approximately $369,000.
• Several hedge funds also expanded their investments in Helios, with JPMorgan Chase & Co. boosting its stake by 94.4% and Envestnet Asset Management Inc. increasing its stake by 165.7% during the fourth quarter.
• Helios recently announced a quarterly dividend of $0.09 per share, resulting in an annualized yield of 0.7% and a payout ratio of 34.62%.

US Bancorp DE lifted its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 71.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,495 shares of the company's stock after buying an additional 4,790 shares during the quarter. US Bancorp DE's holdings in Helios Technologies were worth $369,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. KBC Group NV purchased a new position in Helios Technologies during the 1st quarter valued at about $26,000. Aquatic Capital Management LLC boosted its position in shares of Helios Technologies by 148.8% in the fourth quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company's stock valued at $167,000 after acquiring an additional 2,232 shares during the period. GAMMA Investing LLC grew its stake in Helios Technologies by 2,361.9% during the first quarter. GAMMA Investing LLC now owns 4,653 shares of the company's stock valued at $145,000 after acquiring an additional 4,464 shares in the last quarter. Dark Forest Capital Management LP purchased a new position in Helios Technologies during the fourth quarter valued at approximately $214,000. Finally, Spartan Fund Management Inc. bought a new stake in Helios Technologies during the 4th quarter worth approximately $402,000. 94.72% of the stock is owned by institutional investors.

Helios Technologies Price Performance

Helios Technologies stock traded up $0.32 during mid-day trading on Monday, hitting $51.69. 82,123 shares of the company traded hands, compared to its average volume of 326,567. 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 one year low of $24.76 and a one year high of $57.29. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 45.70 and a beta of 1.28. The stock has a fifty day moving average price of $37.58 and a 200-day moving average price of $34.84.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.50 by $0.09. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. During the same quarter in the prior year, the company posted $0.64 earnings per share. Helios Technologies's revenue was down 3.4% on a year-over-year basis. On average, equities analysts predict that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 21st. Investors 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 dividend on an annualized basis and a yield of 0.7%. Helios Technologies's payout ratio is presently 34.62%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Robert W. Baird cut their price target on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday, May 8th. Stifel Nicolaus lifted their price objective on Helios Technologies from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Monday, July 21st. Finally, KeyCorp restated an "overweight" rating and issued a $45.00 target price (up from $40.00) on shares of Helios Technologies in a research note on Tuesday, August 5th.

Helios Technologies Company 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.