Helios Technologies (NASDAQ:HLIO) Sees Large Volume Increase

Helios Technologies, Inc. (NASDAQ:HLIO) shares saw unusually-high trading volume on Wednesday . Approximately 292,476 shares changed hands during trading, an increase of 34% from the previous session’s volume of 218,233 shares.The stock last traded at $44.20 and had previously closed at $43.57.

Analyst Upgrades and Downgrades

Separately, KeyCorp downgraded shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th.

Helios Technologies Price Performance

The stock has a market cap of $1.45 billion, a price-to-earnings ratio of 43.78 and a beta of 0.85. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. The company has a 50-day moving average of $45.40 and a 200-day moving average of $45.74.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The firm had revenue of $219.90 million for the quarter, compared to analyst estimates of $215.80 million. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. Helios Technologies’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period last year, the firm posted $0.81 EPS. As a group, equities research analysts predict that Helios Technologies, Inc. will post 2.38 earnings per share for the current year.

Helios Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, July 19th. Stockholders of record on Friday, July 5th were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, July 5th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. Helios Technologies’s dividend payout ratio (DPR) is 36.00%.

Institutional Investors Weigh In On Helios Technologies

Hedge funds have recently added to or reduced their stakes in the company. Wellington Management Group LLP boosted its position in shares of Helios Technologies by 125.6% during the 4th quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock worth $114,465,000 after purchasing an additional 1,405,098 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Helios Technologies during the second quarter worth about $42,900,000. Wasatch Advisors LP grew its position in Helios Technologies by 8.7% during the first quarter. Wasatch Advisors LP now owns 4,169,735 shares of the company’s stock worth $186,345,000 after buying an additional 334,606 shares during the period. Norges Bank purchased a new position in Helios Technologies in the fourth quarter valued at about $10,884,000. Finally, Brown Capital Management LLC lifted its position in shares of Helios Technologies by 7.0% during the 4th quarter. Brown Capital Management LLC now owns 3,114,144 shares of the company’s stock valued at $141,226,000 after acquiring an additional 204,613 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

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.