Bessemer Group Inc. Makes New Investment in Helios Technologies, Inc. $HLIO

Bessemer Group Inc. acquired a new stake in Helios Technologies, Inc. (NASDAQ:HLIO) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor acquired 273,828 shares of the company’s stock, valued at approximately $14,275,000.

A number of other large investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. lifted its holdings in shares of Helios Technologies by 9.5% during the third quarter. Envestnet Asset Management Inc. now owns 107,861 shares of the company’s stock valued at $5,623,000 after acquiring an additional 9,323 shares during the period. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Helios Technologies during the 3rd quarter worth about $1,334,000. Thrivent Financial for Lutherans increased its position in shares of Helios Technologies by 7.9% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock worth $79,787,000 after purchasing an additional 112,213 shares in the last quarter. GHP Investment Advisors Inc. lifted its holdings in Helios Technologies by 5.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 41,370 shares of the company’s stock valued at $2,157,000 after purchasing an additional 2,155 shares during the last quarter. Finally, State of Alaska Department of Revenue acquired a new position in Helios Technologies in the third quarter valued at about $96,000. 94.72% of the stock is currently owned by institutional investors.

Helios Technologies Stock Up 3.6%

NASDAQ HLIO opened at $72.51 on Friday. The stock has a market capitalization of $2.40 billion, a P/E ratio of 64.17 and a beta of 1.30. Helios Technologies, Inc. has a 52 week low of $24.76 and a 52 week high of $73.45. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The stock has a fifty day moving average of $59.63 and a 200-day moving average of $54.30.

Helios Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.5%. The ex-dividend date was Wednesday, January 7th. Helios Technologies’s dividend payout ratio is currently 35.64%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on HLIO shares. JPMorgan Chase & Co. assumed coverage on shares of Helios Technologies in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 target price for the company. Stifel Nicolaus lifted their price objective on Helios Technologies from $65.00 to $74.00 and gave the company a “buy” rating in a research report on Friday, January 23rd. Finally, KeyCorp boosted their price objective on Helios Technologies from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, Helios Technologies presently has a consensus rating of “Buy” and an average target price of $69.25.

Helios Technologies Profile

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.