Thrivent Financial for Lutherans Purchases 21,683 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Thrivent Financial for Lutherans increased its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 1.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,841,823 shares of the company’s stock after acquiring an additional 21,683 shares during the period. Thrivent Financial for Lutherans owned about 5.54% of Helios Technologies worth $82,219,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Signaturefd LLC grew its position in Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock worth $31,000 after acquiring an additional 287 shares during the last quarter. Royce & Associates LP grew its position in Helios Technologies by 11.9% during the 4th quarter. Royce & Associates LP now owns 434,799 shares of the company’s stock worth $19,409,000 after acquiring an additional 46,140 shares during the last quarter. Natixis Advisors LLC acquired a new position in Helios Technologies during the 4th quarter worth about $2,462,000. Commonwealth Equity Services LLC acquired a new position in Helios Technologies during the 4th quarter worth about $517,000. Finally, King Luther Capital Management Corp lifted its holdings in Helios Technologies by 0.4% during the 4th quarter. King Luther Capital Management Corp now owns 70,733 shares of the company’s stock worth $3,158,000 after buying an additional 291 shares during the period. Institutional investors own 94.72% of the company’s stock.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their target price on Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th.

Helios Technologies Stock Down 1.9 %

Shares of HLIO opened at $35.07 on Wednesday. The company has a market capitalization of $1.17 billion, a PE ratio of 31.04 and a beta of 0.90. Helios Technologies, Inc. has a 12 month low of $34.75 and a 12 month high of $57.29. The stock’s 50-day moving average price is $41.32 and its two-hundred day moving average price is $45.49. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

Helios Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date is Friday, April 4th. Helios Technologies’s dividend payout ratio is 30.77%.

Helios Technologies declared that its Board of Directors has initiated a share repurchase plan on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

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.