New York State Common Retirement Fund trimmed its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 0.4% during the first quarter, Holdings Channel reports. The firm owned 417,440 shares of the company’s stock after selling 1,500 shares during the period. New York State Common Retirement Fund’s holdings in Helios Technologies were worth $30,419,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in HLIO. Victory Capital Management Inc. raised its position in shares of Helios Technologies by 3.7% during the 4th quarter. Victory Capital Management Inc. now owns 8,061 shares of the company’s stock worth $430,000 after purchasing an additional 287 shares during the period. First Trust Advisors LP bought a new position in Helios Technologies in the 4th quarter worth approximately $419,000. SG Americas Securities LLC bought a new position in Helios Technologies in the 4th quarter worth approximately $261,000. GW&K Investment Management LLC grew its holdings in Helios Technologies by 10.7% in the 4th quarter. GW&K Investment Management LLC now owns 739,907 shares of the company’s stock worth $39,429,000 after buying an additional 71,297 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Helios Technologies by 4.7% in the 4th quarter. BlackRock Inc. now owns 2,156,158 shares of the company’s stock worth $114,902,000 after buying an additional 96,415 shares in the last quarter. Institutional investors and hedge funds own 89.38% of the company’s stock.
HLIO has been the subject of a number of recent analyst reports. Robert W. Baird increased their price objective on Helios Technologies from $84.00 to $89.00 and gave the stock an “outperform” rating in a report on Tuesday, May 11th. TheStreet raised Helios Technologies from a “c+” rating to a “b+” rating in a report on Monday, May 10th. Morgan Stanley increased their price objective on Helios Technologies from $76.00 to $81.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 12th. Finally, Zacks Investment Research raised Helios Technologies from a “sell” rating to a “buy” rating and set a $87.00 price target for the company in a research note on Friday, May 14th.
Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Monday, May 10th. The company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.25. The firm had revenue of $204.84 million during the quarter, compared to analyst estimates of $173.22 million. Helios Technologies had a return on equity of 14.33% and a net margin of 9.03%. The firm’s quarterly revenue was up 58.2% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS. On average, analysts predict that Helios Technologies, Inc. will post 3.4 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 20th. Stockholders of record on Monday, July 5th will be given a dividend of $0.09 per share. The ex-dividend date is Thursday, July 1st. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.50%. Helios Technologies’s dividend payout ratio (DPR) is presently 16.07%.
About Helios Technologies
Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets 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; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.
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