Helios Technologies (NASDAQ:HLIO) Trading 8% Higher Following Strong Earnings

Shares of Helios Technologies, Inc. (NASDAQ:HLIO - Get Free Report) rose 8% on Thursday following a better than expected earnings announcement. The company traded as high as $52.51 and last traded at $52.23. Approximately 66,816 shares were traded during mid-day trading, a decline of 67% from the average daily volume of 203,700 shares. The stock had previously closed at $48.38.

The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. Helios Technologies had a net margin of 4.49% and a return on equity of 9.19%. The business had revenue of $212.00 million for the quarter, compared to analyst estimates of $205.61 million. During the same period in the previous year, the firm earned $0.72 EPS. The business's revenue for the quarter was down .6% compared to the same quarter last year.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, April 4th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date was Wednesday, April 3rd. Helios Technologies's dividend payout ratio (DPR) is presently 31.58%.

Hedge Funds Weigh In On Helios Technologies

A number of institutional investors have recently made changes to their positions in the stock. Wellington Management Group LLP raised its stake in Helios Technologies by 117.7% in the 3rd quarter. Wellington Management Group LLP now owns 1,118,943 shares of the company's stock valued at $62,079,000 after purchasing an additional 605,077 shares during the last quarter. Tributary Capital Management LLC purchased a new position in shares of Helios Technologies in the 4th quarter worth about $7,950,000. OLD National Bancorp IN raised its stake in shares of Helios Technologies by 88.5% in the 3rd quarter. OLD National Bancorp IN now owns 6,387 shares of the company's stock valued at $354,000 after acquiring an additional 2,998 shares during the period. Vanguard Group Inc. increased its holdings in Helios Technologies by 0.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,130,183 shares of the company's stock valued at $173,663,000 after purchasing an additional 21,983 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Helios Technologies by 22.7% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,037 shares of the company's stock valued at $279,000 after purchasing an additional 931 shares during the period. 94.72% of the stock is owned by institutional investors and hedge funds.

Helios Technologies Stock Performance

The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.25 and a current ratio of 2.74. The stock has a fifty day simple moving average of $44.81 and a two-hundred day simple moving average of $43.80. The stock has a market cap of $1.71 billion, a PE ratio of 45.50 and a beta of 0.93.

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.