24,175 Shares in Helios Technologies, Inc. (NASDAQ:HLIO) Bought by Renaissance Technologies LLC

Renaissance Technologies LLC acquired a new stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 24,175 shares of the company's stock, valued at approximately $1,079,000. Renaissance Technologies LLC owned approximately 0.07% of Helios Technologies as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in Helios Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company's stock valued at $148,568,000 after acquiring an additional 13,059 shares in the last quarter. Barclays PLC lifted its stake in shares of Helios Technologies by 230.1% during the 3rd quarter. Barclays PLC now owns 57,451 shares of the company's stock worth $2,740,000 after purchasing an additional 40,048 shares during the last quarter. Commonwealth Equity Services LLC bought a new stake in Helios Technologies during the fourth quarter valued at about $517,000. Charles Schwab Investment Management Inc. grew its stake in Helios Technologies by 9.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 398,899 shares of the company's stock valued at $17,807,000 after purchasing an additional 33,915 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Helios Technologies by 5,804.4% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company's stock worth $32,182,000 after purchasing an additional 708,715 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Stock Down 1.9 %

Shares of HLIO traded down $0.52 during midday trading on Tuesday, hitting $27.22. 318,492 shares of the company's stock traded hands, compared to its average volume of 205,954. 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 has a market capitalization of $907.26 million, a price-to-earnings ratio of 24.09 and a beta of 1.22. Helios Technologies, Inc. has a 1 year low of $24.76 and a 1 year high of $57.29. The firm's fifty day moving average is $31.24 and its 200-day moving average is $41.45.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) 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%. The company's quarterly revenue was down 7.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.53 earnings per share. As a group, sell-side analysts anticipate that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies declared that its board has initiated a share repurchase program on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are often a sign that the company's management 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 issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.32%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies's dividend payout ratio (DPR) is 30.77%.

Analyst Upgrades and Downgrades

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 research report on Monday, April 14th.

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.