Helios Technologies (NASDAQ:HLIO) Price Target Cut to $49.00 by Analysts at Robert W. Baird

Helios Technologies (NASDAQ:HLIO - Get Free Report) had its price target dropped by analysts at Robert W. Baird from $65.00 to $49.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has an "outperform" rating on the stock. Robert W. Baird's target price would suggest a potential upside of 68.55% from the company's current price.

Separately, Stifel Nicolaus decreased their price target on Helios Technologies from $58.00 to $35.00 and set a "buy" rating on the stock in a research note on Monday, April 14th.

Helios Technologies Trading Up 7.2 %

HLIO stock opened at $29.07 on Thursday. The company has a market capitalization of $969.03 million, a PE ratio of 25.73 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. Helios Technologies has a one year low of $24.76 and a one year high of $57.29. The company's 50 day moving average price is $30.99 and its two-hundred day moving average price is $41.35.

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, topping analysts' consensus estimates of $0.36 by $0.08. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. During the same period in the previous year, the firm posted $0.53 EPS. The business's quarterly revenue was down 7.8% compared to the same quarter last year. As a group, analysts predict that Helios Technologies will post 2.06 earnings per share for the current fiscal year.

Helios Technologies announced that its board has authorized a stock repurchase program on Monday, February 24th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Hedge Funds Weigh In On Helios Technologies

Several hedge funds have recently made changes to their positions in HLIO. Barclays PLC increased its position in Helios Technologies by 230.1% during the 3rd quarter. Barclays PLC now owns 57,451 shares of the company's stock valued at $2,740,000 after purchasing an additional 40,048 shares during the period. Sara Bay Financial boosted its stake 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 in the last quarter. Ameritas Advisory Services LLC purchased a new position in shares of Helios Technologies during the fourth quarter valued at about $315,000. SG Americas Securities LLC raised its stake in Helios Technologies by 16.0% in the fourth quarter. SG Americas Securities LLC now owns 13,479 shares of the company's stock worth $602,000 after buying an additional 1,863 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Helios Technologies by 3.5% in the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock worth $400,000 after buying an additional 301 shares during the period. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Company 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.

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