Marshall Wace LLP Cuts Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Marshall Wace LLP lowered its holdings in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 23.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,470 shares of the company's stock after selling 27,284 shares during the quarter. Marshall Wace LLP owned 0.27% of Helios Technologies worth $3,949,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Vaughan Nelson Investment Management L.P. grew its holdings in shares of Helios Technologies by 5,804.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company's stock worth $32,182,000 after acquiring an additional 708,715 shares during the period. Conestoga Capital Advisors LLC grew its stake in shares of Helios Technologies by 15.5% during the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock valued at $88,679,000 after purchasing an additional 266,127 shares during the period. Sara Bay Financial increased its position in shares of Helios Technologies by 25.5% during the 4th quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock valued at $54,080,000 after purchasing an additional 247,088 shares during the last quarter. Rockefeller Capital Management L.P. lifted its stake in shares of Helios Technologies by 362.8% in the 4th quarter. Rockefeller Capital Management L.P. now owns 249,738 shares of the company's stock worth $11,148,000 after purchasing an additional 195,779 shares during the period. Finally, Raymond James Financial Inc. purchased a new position in shares of Helios Technologies in the fourth quarter worth approximately $7,696,000. 94.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their price target 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 Stock Performance

NASDAQ:HLIO traded up $0.77 during mid-day trading on Thursday, hitting $28.03. 44,436 shares of the company traded hands, compared to its average volume of 201,960. 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 stock's fifty day moving average price is $32.22 and its 200-day moving average price is $42.09. The firm has a market cap of $934.30 million, a price-to-earnings ratio of 24.81 and a beta of 1.03. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $57.29.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a dividend of $0.09 per share. The ex-dividend date was Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.28%. Helios Technologies's dividend payout ratio (DPR) is presently 30.77%.

Helios Technologies declared that its Board of Directors has authorized a stock repurchase plan on Monday, February 24th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

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.