Helios Technologies' (HLIO) Overweight Rating Reaffirmed at KeyCorp

Key Points

• KeyCorp has raised its price target for Helios Technologies from $40.00 to $45.00, indicating a potential upside of 22.17% from the stock's previous close.
• Shares of Helios Technologies have seen a 4.0% increase, with a market capitalization of $1.23 billion and a current P/E ratio of 32.60.
• Helios Technologies reported a net margin of 4.57% for the last quarter, with earnings per share of $0.59, surpassing analyst expectations.

Helios Technologies (NASDAQ:HLIO - Get Free Report)'s stock had its "overweight" rating reissued by investment analysts at KeyCorp in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. They presently have a $45.00 price objective on the stock, up from their previous price objective of $40.00. KeyCorp's target price points to a potential downside of 7.01% from the stock's previous close.

Several other research analysts have also recently weighed in on the stock. Robert W. Baird decreased their price target on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating on the stock in a report on Thursday, May 8th. Stifel Nicolaus upped their price objective on shares of Helios Technologies from $39.00 to $43.00 and gave the stock a "buy" rating in a research report on Monday, July 21st.

Helios Technologies Stock Up 0.8%

Shares of NASDAQ:HLIO traded up $0.37 during mid-day trading on Tuesday, hitting $48.39. 439,025 shares of the company traded hands, compared to its average volume of 323,880. 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 market cap of $1.61 billion, a P/E ratio of 42.82 and a beta of 1.28. The stock has a 50-day moving average price of $35.20 and a two-hundred day moving average price of $34.70. Helios Technologies has a 12-month low of $24.76 and a 12-month high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings data on Monday, August 4th. The company reported $0.59 EPS for the quarter, beating the consensus estimate 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 revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. On average, equities research analysts forecast that Helios Technologies will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On Helios Technologies

Several hedge funds and other institutional investors have recently modified their holdings of HLIO. KBC Group NV purchased a new position in shares of Helios Technologies during the first quarter valued at approximately $26,000. Quarry LP raised its holdings in Helios Technologies by 406.4% in the 1st quarter. Quarry LP now owns 1,023 shares of the company's stock worth $33,000 after purchasing an additional 821 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Helios Technologies by 7,183.3% during the 1st quarter. Russell Investments Group Ltd. now owns 1,311 shares of the company's stock valued at $42,000 after purchasing an additional 1,293 shares in the last quarter. CWM LLC increased its position in shares of Helios Technologies by 1,276.7% during the second quarter. CWM LLC now owns 1,652 shares of the company's stock valued at $55,000 after buying an additional 1,532 shares during the period. Finally, GAMMA Investing LLC raised its stake in Helios Technologies by 2,361.9% in the first quarter. GAMMA Investing LLC now owns 4,653 shares of the company's stock worth $145,000 after buying an additional 4,464 shares in the last quarter. 94.72% of the stock is owned by institutional investors.

About Helios Technologies

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.