New York State Common Retirement Fund Decreases Holdings in Helios Technologies (NASDAQ:HLIO)

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New York State Common Retirement Fund trimmed its holdings in shares of Helios Technologies (NASDAQ:HLIO) by 0.8% in the fourth quarter, Holdings Channel reports. The firm owned 791,510 shares of the company’s stock after selling 6,200 shares during the period. New York State Common Retirement Fund’s holdings in Helios Technologies were worth $36,592,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Metropolitan Life Insurance Co NY boosted its position in Helios Technologies by 3.5% during the 3rd quarter. Metropolitan Life Insurance Co NY now owns 9,100 shares of the company’s stock worth $369,000 after purchasing an additional 308 shares during the period. US Bancorp DE boosted its position in Helios Technologies by 10.4% during the 4th quarter. US Bancorp DE now owns 4,919 shares of the company’s stock worth $227,000 after purchasing an additional 464 shares during the period. California State Teachers Retirement System boosted its position in Helios Technologies by 1.2% during the 3rd quarter. California State Teachers Retirement System now owns 45,651 shares of the company’s stock worth $1,852,000 after purchasing an additional 545 shares during the period. Oppenheimer Asset Management Inc. boosted its position in Helios Technologies by 10.7% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 8,932 shares of the company’s stock worth $362,000 after purchasing an additional 865 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in Helios Technologies during the 3rd quarter worth $37,000. 84.62% of the stock is owned by hedge funds and other institutional investors.

NASDAQ:HLIO opened at $44.53 on Friday. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.57 and a quick ratio of 1.40. The firm has a 50-day moving average of $45.32 and a two-hundred day moving average of $43.36. The stock has a market cap of $1.45 billion, a P/E ratio of 18.41 and a beta of 1.82. Helios Technologies has a 1-year low of $35.13 and a 1-year high of $53.60.

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 20th. Shareholders of record on Sunday, January 5th were given a $0.09 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $0.36 dividend on an annualized basis and a yield of 0.81%. Helios Technologies’s payout ratio is currently 15.65%.

A number of analysts recently weighed in on HLIO shares. SunTrust Banks started coverage on shares of Helios Technologies in a research report on Tuesday, December 17th. They set a “hold” rating and a $48.00 price target for the company. Zacks Investment Research raised shares of Helios Technologies from a “sell” rating to a “hold” rating in a research report on Wednesday, January 8th. Finally, ValuEngine cut shares of Helios Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday, December 24th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $44.67.

In other Helios Technologies news, Director Christine L. Koski sold 20,000 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of $45.68, for a total value of $913,600.00. Following the completion of the transaction, the director now directly owns 52,811 shares of the company’s stock, valued at approximately $2,412,406.48. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Douglas Britt sold 2,000 shares of the company’s stock in a transaction dated Tuesday, December 17th. The shares were sold at an average price of $45.50, for a total transaction of $91,000.00. Following the completion of the transaction, the director now directly owns 9,500 shares of the company’s stock, valued at $432,250. The disclosure for this sale can be found here. Over the last three months, insiders sold 43,500 shares of company stock valued at $2,037,000. 6.30% of the stock is currently owned by corporate insiders.

Helios Technologies Profile

Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

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Institutional Ownership by Quarter for Helios Technologies (NASDAQ:HLIO)

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