Wellington Management Group LLP Sells 559,459 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Wellington Management Group LLP lessened its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 27.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,463,265 shares of the company's stock after selling 559,459 shares during the quarter. Wellington Management Group LLP owned approximately 4.39% of Helios Technologies worth $65,320,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in HLIO. Signaturefd LLC lifted its position in Helios Technologies by 71.8% during the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock valued at $31,000 after buying an additional 287 shares during the period. Aquatic Capital Management LLC boosted its stake in Helios Technologies by 148.8% during the fourth quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company's stock worth $167,000 after acquiring an additional 2,232 shares in the last quarter. Dark Forest Capital Management LP purchased a new stake in Helios Technologies in the fourth quarter worth about $214,000. US Bancorp DE increased its stake in shares of Helios Technologies by 321.2% during the fourth quarter. US Bancorp DE now owns 6,705 shares of the company's stock valued at $299,000 after purchasing an additional 5,113 shares in the last quarter. Finally, Empower Advisory Group LLC lifted its holdings in shares of Helios Technologies by 10.0% during the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after purchasing an additional 615 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors.

Helios Technologies Stock Down 3.7%

Shares of NASDAQ:HLIO traded down $1.14 during trading on Monday, reaching $29.19. 93,079 shares of the stock traded hands, compared to its average volume of 222,582. The stock has a market cap of $972.79 million, a P/E ratio of 25.83 and a beta of 1.22. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The stock has a 50-day moving average of $29.31 and a two-hundred day moving average of $39.02. 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 issued its earnings results on Tuesday, May 6th. The company reported $0.44 EPS for the quarter, beating 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%. The company's revenue for the quarter was down 7.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, sell-side analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies announced that its Board of Directors has approved a share buyback plan on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 7.8% of its shares through open market purchases. Shares buyback plans are typically an indication that the company's management believes its shares are undervalued.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a $0.09 dividend. The ex-dividend date was Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.23%. Helios Technologies's dividend payout ratio is presently 32.43%.

Analyst Ratings Changes

Several research firms recently weighed in on HLIO. Robert W. Baird cut their price target on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a research note on Thursday, May 8th. Stifel Nicolaus increased their target price on Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating 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.