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XTX Topco Ltd Takes Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Helios Technologies logo with Industrials background

Key Points

  • XTX Topco Ltd has acquired a new position in Helios Technologies, Inc., purchasing 10,693 shares valued at approximately $343,000.
  • Institutional investors own 94.72% of Helios Technologies' stock, with significant increases in stakes from firms like JPMorgan Chase & Co. and Envestnet Asset Management Inc.
  • Helios Technologies reported an earnings per share (EPS) of $0.59 for the last quarter, exceeding analysts' expectations by $0.09, despite a 3.4% year-over-year decline in revenue.
  • Looking to Export and Analyze Helios Technologies Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

XTX Topco Ltd purchased a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 10,693 shares of the company's stock, valued at approximately $343,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HLIO. JPMorgan Chase & Co. grew its stake in shares of Helios Technologies by 94.4% during the 4th quarter. JPMorgan Chase & Co. now owns 115,542 shares of the company's stock worth $5,158,000 after acquiring an additional 56,113 shares during the period. Trexquant Investment LP bought a new position in shares of Helios Technologies during the 4th quarter worth $779,000. Wells Fargo & Company MN grew its stake in shares of Helios Technologies by 43.2% during the 4th quarter. Wells Fargo & Company MN now owns 17,055 shares of the company's stock worth $761,000 after acquiring an additional 5,147 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of Helios Technologies by 165.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 93,463 shares of the company's stock worth $4,172,000 after acquiring an additional 58,282 shares during the period. Finally, Invesco Ltd. grew its stake in shares of Helios Technologies by 3.9% during the 4th quarter. Invesco Ltd. now owns 56,699 shares of the company's stock worth $2,531,000 after acquiring an additional 2,137 shares during the period. Institutional investors own 94.72% of the company's stock.

Analyst Upgrades and Downgrades

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

Read Our Latest Analysis on HLIO

Helios Technologies Stock Performance

Shares of HLIO opened at $48.71 on Friday. The company has a market cap of $1.62 billion, a PE ratio of 43.10 and a beta of 1.28. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The stock has a 50-day moving average price of $35.56 and a 200-day moving average price of $34.65. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings results on Monday, August 4th. The company reported $0.59 earnings per share (EPS) 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 company's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.64 earnings per share. As a group, equities analysts forecast that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The company also recently disclosed 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Monday, July 7th. Helios Technologies's dividend payout ratio (DPR) is currently 34.62%.

Helios Technologies Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Helios Technologies (NASDAQ:HLIO)

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.

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