GHP Investment Advisors Inc. Acquires 1,501 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

GHP Investment Advisors Inc. boosted its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 4.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 38,720 shares of the company’s stock after buying an additional 1,501 shares during the quarter. GHP Investment Advisors Inc. owned approximately 0.12% of Helios Technologies worth $1,728,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HLIO. Inspire Investing LLC grew its position in shares of Helios Technologies by 3.5% during the 4th quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock valued at $400,000 after acquiring an additional 301 shares during the period. King Luther Capital Management Corp lifted its stake in Helios Technologies by 1.0% in the third quarter. King Luther Capital Management Corp now owns 70,442 shares of the company’s stock valued at $3,360,000 after purchasing an additional 704 shares during the last quarter. nVerses Capital LLC grew its holdings in Helios Technologies by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock valued at $57,000 after purchasing an additional 800 shares during the period. Handelsbanken Fonder AB increased its position in Helios Technologies by 13.1% in the third quarter. Handelsbanken Fonder AB now owns 7,758 shares of the company’s stock worth $370,000 after buying an additional 900 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Helios Technologies by 7.6% in the second quarter. The Manufacturers Life Insurance Company now owns 17,292 shares of the company’s stock valued at $826,000 after buying an additional 1,218 shares during the period. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Stock Performance

NASDAQ HLIO opened at $42.42 on Friday. The firm has a market cap of $1.41 billion, a P/E ratio of 37.54 and a beta of 0.87. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The company’s 50 day moving average is $46.70 and its 200-day moving average is $46.45. Helios Technologies, Inc. has a 12-month low of $39.08 and a 12-month high of $57.29.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The business had revenue of $194.50 million for the quarter, compared to analysts’ expectations of $196.41 million. During the same quarter in the previous year, the firm posted $0.44 EPS. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. Sell-side analysts predict that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were paid a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.85%. Helios Technologies’s payout ratio is 31.86%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus cut their price target on Helios Technologies from $63.00 to $60.00 and set a “buy” rating for the company in a research note on Friday, January 24th.

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.