Helios Technologies (NASDAQ:HLIO) Shares Down 5.3% - What's Next?

Helios Technologies, Inc. (NASDAQ:HLIO - Get Free Report) shares traded down 5.3% during trading on Monday . The company traded as low as $34.88 and last traded at $34.34. 51,665 shares were traded during mid-day trading, a decline of 79% from the average session volume of 250,762 shares. The stock had previously closed at $36.25.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Robert W. Baird lowered their price objective on shares of Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a research report on Thursday, May 8th. KeyCorp upgraded shares of Helios Technologies from a "sector weight" rating to an "overweight" rating and set a $40.00 price objective for the company in a research report on Thursday, June 26th. Finally, Stifel Nicolaus upped their price objective on shares of Helios Technologies from $35.00 to $39.00 and gave the company a "buy" rating in a research report on Thursday, May 8th.

Helios Technologies Stock Performance

The stock has a market capitalization of $1.23 billion, a price-to-earnings ratio of 32.70 and a beta of 1.26. 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's 50 day moving average is $32.81 and its two-hundred day moving average is $35.31.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share 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 last year, the firm posted $0.53 earnings per share. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. Analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a dividend of $0.09 per share. The ex-dividend date is Monday, July 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.97%. Helios Technologies's dividend payout ratio is 32.43%.

Hedge Funds Weigh In On Helios Technologies

A number of large investors have recently modified their holdings of HLIO. KBC Group NV acquired a new position in shares of Helios Technologies during the 1st quarter worth about $26,000. Signaturefd LLC lifted its stake in Helios Technologies by 71.8% in the 4th quarter. Signaturefd LLC now owns 687 shares of the company's stock valued at $31,000 after purchasing an additional 287 shares during the last quarter. Quarry LP lifted its stake in Helios Technologies by 406.4% in the 1st quarter. Quarry LP now owns 1,023 shares of the company's stock valued at $33,000 after purchasing an additional 821 shares during the last quarter. Russell Investments Group Ltd. lifted its stake in Helios Technologies by 7,183.3% in 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 during the last quarter. Finally, GAMMA Investing LLC lifted its stake in Helios Technologies by 2,361.9% in the 1st quarter. GAMMA Investing LLC now owns 4,653 shares of the company's stock valued at $145,000 after purchasing an additional 4,464 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

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.