Hsbc Holdings PLC Takes Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Hsbc Holdings PLC bought a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,323 shares of the company's stock, valued at approximately $638,000.

A number of other hedge funds have also modified their holdings of HLIO. Barclays PLC grew its position in shares of Helios Technologies by 230.1% during the third quarter. Barclays PLC now owns 57,451 shares of the company's stock worth $2,740,000 after acquiring an additional 40,048 shares during the last quarter. Sara Bay Financial lifted its holdings in shares of Helios Technologies by 25.5% during the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock worth $54,080,000 after purchasing an additional 247,088 shares during the period. Ameritas Advisory Services LLC acquired a new stake in shares of Helios Technologies during the fourth quarter worth $315,000. SG Americas Securities LLC lifted its holdings in shares of Helios Technologies by 16.0% during the fourth quarter. SG Americas Securities LLC now owns 13,479 shares of the company's stock worth $602,000 after purchasing an additional 1,863 shares during the period. Finally, Inspire Investing LLC lifted its holdings in shares of Helios Technologies by 3.5% during the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock worth $400,000 after purchasing an additional 301 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on HLIO. Robert W. Baird decreased their price target on Helios Technologies from $65.00 to $49.00 and set an "outperform" rating for the company in a report on Thursday. Stifel Nicolaus lifted their price objective on Helios Technologies from $35.00 to $39.00 and gave the stock a "buy" rating in a research report on Thursday.

Helios Technologies Stock Up 0.1%

Shares of HLIO traded up $0.03 during trading on Friday, reaching $31.37. The company's stock had a trading volume of 350,034 shares, compared to its average volume of 209,824. The company has a fifty day moving average of $30.55 and a two-hundred day moving average of $40.95. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $57.29. The company has a market cap of $1.05 billion, a price-to-earnings ratio of 27.76 and a beta of 1.22. 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 (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings data 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 return on equity of 8.22% and a net margin of 4.57%. During the same quarter in the prior year, the company posted $0.53 earnings per share. The business's revenue for the quarter was down 7.8% compared to the same quarter last year. On average, sell-side analysts predict that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies declared that its Board of Directors has authorized a stock buyback plan on Monday, February 24th that permits the company to buyback $100.00 million in 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 leadership believes its stock is undervalued.

Helios Technologies Dividend Announcement

The company also recently announced 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 annualized dividend and a yield of 1.15%. Helios Technologies's dividend payout ratio is currently 32.43%.

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.