Vaughan Nelson Investment Management L.P. Raises Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Vaughan Nelson Investment Management L.P. boosted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 9.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 789,915 shares of the company's stock after purchasing an additional 68,990 shares during the period. Vaughan Nelson Investment Management L.P. owned about 2.37% of Helios Technologies worth $25,349,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HLIO. Signaturefd LLC raised its holdings in shares of Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock valued at $31,000 after acquiring an additional 287 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of 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. Aquatic Capital Management LLC boosted its stake in Helios Technologies by 148.8% in the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company's stock worth $167,000 after purchasing an additional 2,232 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in shares of Helios Technologies during the fourth quarter valued at $214,000. Finally, US Bancorp DE increased its position in shares of Helios Technologies by 321.2% in the 4th quarter. US Bancorp DE now owns 6,705 shares of the company's stock valued at $299,000 after acquiring an additional 5,113 shares during the period. Hedge funds and other institutional investors own 94.72% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Robert W. Baird reduced their price objective 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. Stifel Nicolaus increased their price target on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a report on Thursday, May 8th.

Helios Technologies Price Performance

NASDAQ:HLIO opened at $32.73 on Friday. The firm's fifty day moving average is $29.73 and its two-hundred day moving average is $37.76. The firm has a market cap of $1.09 billion, a price-to-earnings ratio of 28.97 and a beta of 1.25. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $57.29. 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 (NASDAQ:HLIO - Get Free Report) last posted its earnings results on Tuesday, May 6th. The company reported $0.44 EPS 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 last year, the business earned $0.53 EPS. The business's quarterly revenue was down 7.8% compared to the same quarter last year. Research analysts expect that Helios Technologies, Inc. will post 2.06 EPS for the current year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Shareholders of record on Monday, July 7th will be given a $0.09 dividend. The ex-dividend date of this dividend is Monday, July 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. Helios Technologies's dividend payout ratio (DPR) is currently 32.43%.

Helios Technologies declared that its Board of Directors has authorized a stock buyback plan on Monday, February 24th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally 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.

Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc. (NASDAQ:HLIO - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.