Voya Investment Management LLC Sells 441,169 Shares of Helios Technologies, Inc. $HLIO

Key Points

• Voya Investment Management LLC has significantly reduced its holdings in Helios Technologies, Inc. by 97.9%, now owning just 9,260 shares after selling 441,169 shares in the first quarter.
• Helios Technologies reported $0.59 earnings per share (EPS) for its last quarter, exceeding estimates, despite a 3.4% year-over-year revenue decline.
• The company also declared a $0.09 quarterly dividend to be paid to shareholders, reflecting an annualized yield of 0.7% and a payout ratio of 34.62%.

Voya Investment Management LLC cut its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 97.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,260 shares of the company's stock after selling 441,169 shares during the period. Voya Investment Management LLC's holdings in Helios Technologies were worth $297,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of HLIO. MetLife Investment Management LLC lifted its stake in Helios Technologies by 1,593.9% during the 1st quarter. MetLife Investment Management LLC now owns 344,505 shares of the company's stock valued at $11,055,000 after acquiring an additional 324,167 shares in the last quarter. Ceredex Value Advisors LLC lifted its stake in Helios Technologies by 59.4% during the 1st quarter. Ceredex Value Advisors LLC now owns 350,500 shares of the company's stock valued at $11,248,000 after acquiring an additional 130,600 shares in the last quarter. Nuveen LLC bought a new position in Helios Technologies during the 1st quarter valued at $2,771,000. Raymond James Financial Inc. lifted its stake in Helios Technologies by 42.3% during the 1st quarter. Raymond James Financial Inc. now owns 245,274 shares of the company's stock valued at $7,870,000 after acquiring an additional 72,885 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its stake in Helios Technologies by 9.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 789,915 shares of the company's stock valued at $25,349,000 after acquiring an additional 68,990 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors.

Helios Technologies Price Performance

NASDAQ HLIO opened at $52.72 on Monday. The company has a market cap of $1.75 billion, a PE ratio of 46.66 and a beta of 1.30. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The firm's 50-day simple moving average is $49.47 and its two-hundred day simple moving average is $37.73. 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 posted its quarterly earnings results on Monday, August 4th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate 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 period last year, the company earned $0.64 EPS. The company's revenue was down 3.4% on a year-over-year basis. Helios Technologies has set its FY 2025 guidance at 2.300-2.500 EPS. Q3 2025 guidance at 0.600-0.680 EPS. Research analysts predict that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, October 7th will be given a $0.09 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.7%. Helios Technologies's payout ratio is 34.62%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Stifel Nicolaus raised 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. KeyCorp lifted their target price on Helios Technologies from $45.00 to $61.00 and gave the stock an "overweight" rating in a research note on Friday, September 5th. Three research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $51.00.

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.

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