17,070 Shares in Helios Technologies, Inc. (NASDAQ:HLIO) Purchased by Ostrum Asset Management

Ostrum Asset Management acquired a new position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,070 shares of the company's stock, valued at approximately $762,000. Ostrum Asset Management owned approximately 0.05% of Helios Technologies at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of the company. Signaturefd LLC raised its stake in Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after buying an additional 287 shares in the last quarter. US Bancorp DE boosted its position in shares of Helios Technologies by 321.2% during the fourth quarter. US Bancorp DE now owns 6,705 shares of the company's stock valued at $299,000 after purchasing an additional 5,113 shares in the last quarter. Empower Advisory Group LLC raised its holdings in Helios Technologies by 10.0% in the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock worth $302,000 after purchasing an additional 615 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in shares of Helios Technologies during the 4th quarter valued at $315,000. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Helios Technologies in the 4th quarter worth about $330,000. 94.72% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price objective on shares of Helios Technologies from $58.00 to $35.00 and set a "buy" rating on the stock in a report on Monday, April 14th.

Helios Technologies Stock Up 0.0 %

Shares of NASDAQ HLIO traded up $0.01 during trading on Friday, reaching $27.87. The company had a trading volume of 136,056 shares, compared to its average volume of 200,693. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The business's 50-day moving average is $32.71 and its 200 day moving average is $42.40. The stock has a market cap of $927.99 million, a PE ratio of 24.66 and a beta of 1.03.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Shareholders 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 dividend on an annualized basis and a yield of 1.29%. Helios Technologies's dividend payout ratio is currently 30.77%.

Helios Technologies declared that its Board of Directors has authorized a share repurchase program on Monday, February 24th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's leadership believes its shares are undervalued.

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.