Ceredex Value Advisors LLC Acquires 64,819 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Ceredex Value Advisors LLC increased its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 29.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 288,119 shares of the company's stock after buying an additional 64,819 shares during the period. Ceredex Value Advisors LLC owned 0.87% of Helios Technologies worth $13,066,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Wellington Management Group LLP raised its stake in Helios Technologies by 117.7% during 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. Norges Bank acquired a new position in Helios Technologies during the 4th quarter valued at $18,359,000. T. Rowe Price Investment Management Inc. raised its stake in shares of Helios Technologies by 12.7% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 2,972,489 shares of the company's stock valued at $161,823,000 after buying an additional 334,218 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Helios Technologies by 535.2% in the 4th quarter. Bank of America Corp DE now owns 262,115 shares of the company's stock valued at $14,270,000 after buying an additional 220,852 shares in the last quarter. Finally, Tributary Capital Management LLC acquired a new position in shares of Helios Technologies in the 4th quarter valued at $7,950,000. 94.72% of the stock is owned by institutional investors.

Helios Technologies Price Performance

Shares of HLIO stock traded up $0.51 during mid-day trading on Monday, reaching $44.97. The company's stock had a trading volume of 90,509 shares, compared to its average volume of 207,369. Helios Technologies, Inc. has a 1-year low of $37.50 and a 1-year high of $67.31. The company has a market cap of $1.49 billion, a P/E ratio of 39.44 and a beta of 0.96. 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 firm's 50-day moving average is $43.30 and its two-hundred day moving average is $44.94.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its earnings results on Monday, February 26th. The company reported $0.38 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.13. Helios Technologies had a net margin of 4.49% and a return on equity of 9.19%. The business had revenue of $193.40 million for the quarter, compared to analyst estimates of $183.87 million. During the same quarter in the prior year, the firm earned $0.78 EPS. The firm's quarterly revenue was down 1.3% compared to the same quarter last year. On average, research analysts predict that Helios Technologies, Inc. will post 2.44 earnings per share for the current year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 19th. Shareholders of record on Thursday, April 4th will be issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date is Wednesday, April 3rd. Helios Technologies's dividend payout ratio is currently 31.58%.

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.