Voya Investment Management LLC Boosts Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Voya Investment Management LLC boosted its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 25.1% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 450,429 shares of the company's stock after acquiring an additional 90,362 shares during the period. Voya Investment Management LLC owned about 1.36% of Helios Technologies worth $20,107,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of HLIO. T. Rowe Price Investment Management Inc. increased its holdings in Helios Technologies by 0.4% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 569,169 shares of the company's stock valued at $25,408,000 after buying an additional 2,255 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Helios Technologies by 7.7% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 30,790 shares of the company's stock valued at $1,375,000 after acquiring an additional 2,208 shares during the period. Spartan Fund Management Inc. purchased a new position in shares of Helios Technologies during the fourth quarter worth approximately $402,000. Dark Forest Capital Management LP acquired a new position in shares of Helios Technologies in the 4th quarter valued at $214,000. Finally, Susquehanna International Group LLP raised its position in Helios Technologies by 49.0% in the 4th quarter. Susquehanna International Group LLP now owns 39,204 shares of the company's stock valued at $1,750,000 after purchasing an additional 12,889 shares during the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Stock Performance

NASDAQ:HLIO traded up $1.11 during midday trading on Friday, reaching $28.60. The stock had a trading volume of 147,973 shares, compared to its average volume of 203,253. The stock has a market cap of $953.13 million, a P/E ratio of 25.30 and a beta of 1.03. The firm has a fifty day simple moving average of $31.76 and a two-hundred day simple moving average of $41.84. 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, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29.

Helios Technologies declared that its Board of Directors has initiated a share buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company's leadership believes its stock is undervalued.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.26%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies's dividend payout ratio is presently 30.77%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price objective on shares of Helios Technologies from $58.00 to $35.00 and set a "buy" rating on the stock in a research report 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.