Envestnet Asset Management Inc. Boosts Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Envestnet Asset Management Inc. increased its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 165.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 93,463 shares of the company's stock after purchasing an additional 58,282 shares during the period. Envestnet Asset Management Inc. owned 0.28% of Helios Technologies worth $4,172,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in Helios Technologies in the 4th quarter worth approximately $905,000. Wells Fargo & Company MN grew its stake in Helios Technologies by 43.2% in 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. Trexquant Investment LP purchased a new stake in Helios Technologies in the 4th quarter worth approximately $779,000. Norges Bank purchased a new stake in Helios Technologies in the 4th quarter worth approximately $3,852,000. Finally, JPMorgan Chase & Co. grew its stake in Helios Technologies by 94.4% in 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. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Helios Technologies Trading Down 0.6 %

Shares of NASDAQ HLIO traded down $0.17 during trading on Tuesday, hitting $27.98. 156,074 shares of the company traded hands, compared to its average volume of 202,433. Helios Technologies, Inc. has a 1 year low of $24.76 and a 1 year high of $57.29. The company has a 50-day moving average price of $32.46 and a 200-day moving average price of $42.19. The firm has a market capitalization of $932.63 million, a P/E ratio of 24.76 and a beta of 1.03. 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 announced that its Board of Directors has authorized a share repurchase program on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's management believes its shares are undervalued.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were given a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.29%. Helios Technologies's dividend payout ratio (DPR) is 30.77%.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus lowered their price objective on shares of Helios Technologies from $58.00 to $35.00 and set a "buy" rating for the company in a research note on Monday, April 14th.

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.