US Bancorp DE Grows Stake in Helios Technologies, Inc. (NASDAQ: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 raised its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 71.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,495 shares of the company's stock after purchasing 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 hedge funds also recently added to or reduced their stakes in HLIO. JPMorgan Chase & Co. grew its stake in shares of Helios Technologies by 94.4% during the fourth quarter. JPMorgan Chase & Co. now owns 115,542 shares of the company's stock valued at $5,158,000 after acquiring an additional 56,113 shares in the last quarter. Wells Fargo & Company MN grew its stake in shares of Helios Technologies by 43.2% during the fourth quarter. Wells Fargo & Company MN now owns 17,055 shares of the company's stock valued at $761,000 after acquiring an additional 5,147 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of Helios Technologies by 165.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 93,463 shares of the company's stock valued at $4,172,000 after acquiring an additional 58,282 shares in the last quarter. Invesco Ltd. grew its stake in shares of Helios Technologies by 3.9% during the fourth quarter. Invesco Ltd. now owns 56,699 shares of the company's stock valued at $2,531,000 after acquiring an additional 2,137 shares in the last quarter. Finally, Renaissance Technologies LLC acquired a new stake in shares of Helios Technologies during the fourth quarter valued at about $1,079,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Stock Performance

Shares of NASDAQ HLIO opened at $53.34 on Thursday. The firm's 50-day moving average price is $36.77 and its two-hundred day moving average price is $34.85. The stock has a market capitalization of $1.77 billion, a P/E ratio of 47.20 and a beta of 1.28. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 52-week low of $24.76 and a 52-week high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The company reported $0.59 earnings per share for the quarter, beating analysts' consensus estimates of $0.50 by $0.09. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.64 EPS. As a group, sell-side analysts forecast that Helios Technologies, Inc. will post 2.06 earnings per share for the current 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 issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Monday, July 7th. This represents a $0.36 annualized dividend and a yield of 0.7%. Helios Technologies's payout ratio is presently 34.62%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Stifel Nicolaus raised their target price on Helios Technologies from $39.00 to $43.00 and gave the company a "buy" rating in a research note on Monday, July 21st. KeyCorp reiterated an "overweight" rating and issued a $45.00 price target (up from $40.00) on shares of Helios Technologies in a research note on Tuesday, August 5th. Finally, Robert W. Baird decreased 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.

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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