Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by Wrapmanager Inc.

Wrapmanager Inc. lowered its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 7.3% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,269 shares of the company’s stock after selling 650 shares during the period. Wrapmanager Inc.’s holdings in Helios Technologies were worth $394,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of HLIO. Sei Investments Co. lifted its holdings in shares of Helios Technologies by 16.1% in the first quarter. Sei Investments Co. now owns 117,032 shares of the company’s stock valued at $5,230,000 after purchasing an additional 16,204 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Helios Technologies by 8.6% in the first quarter. ProShare Advisors LLC now owns 5,964 shares of the company’s stock valued at $267,000 after purchasing an additional 470 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its holdings in shares of Helios Technologies by 45.6% in the first quarter. State Board of Administration of Florida Retirement System now owns 13,625 shares of the company’s stock valued at $609,000 after purchasing an additional 4,270 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Helios Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock valued at $144,966,000 after purchasing an additional 24,975 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of Helios Technologies by 326.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 12,364 shares of the company’s stock valued at $553,000 after purchasing an additional 9,465 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their price target on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Insiders Place Their Bets

In other Helios Technologies news, Director Diana Sacchi sold 615 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total transaction of $33,154.65. Following the transaction, the director now directly owns 3,636 shares of the company’s stock, valued at $196,016.76. This represents a 14.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

Helios Technologies Trading Up 0.7 %

Helios Technologies stock opened at $50.23 on Tuesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The company has a market capitalization of $1.67 billion, a price-to-earnings ratio of 23.30 and a beta of 0.84. Helios Technologies, Inc. has a one year low of $37.50 and a one year high of $57.29. The company’s fifty day moving average price is $47.16 and its two-hundred day moving average price is $46.76.

Helios Technologies (NASDAQ:HLIO) last posted its earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The business’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 earnings per share. On average, analysts forecast that Helios Technologies, Inc. will post 2.14 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.72%. The ex-dividend date was Friday, October 4th. Helios Technologies’s payout ratio is 31.86%.

About Helios Technologies

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.