Helios Technologies (NASDAQ:HLIO) Given New $76.00 Price Target at Stifel Nicolaus

Helios Technologies (NASDAQ:HLIO) had its target price raised by equities researchers at Stifel Nicolaus from $74.00 to $76.00 in a research note issued on Wednesday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 6.37% from the company’s current price.

Several other equities research analysts also recently commented on HLIO. JPMorgan Chase & Co. initiated coverage on Helios Technologies in a report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective for the company. KeyCorp raised their target price on shares of Helios Technologies from $74.00 to $82.00 and gave the stock an “overweight” rating in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $71.75.

Helios Technologies Price Performance

Shares of HLIO opened at $71.45 on Wednesday. Helios Technologies has a twelve month low of $24.76 and a twelve month high of $76.47. The company has a market capitalization of $2.37 billion, a P/E ratio of 63.23 and a beta of 1.30. The firm has a 50 day moving average of $65.96 and a 200 day moving average of $58.08. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%.During the same quarter in the prior year, the business posted $0.33 EPS. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. As a group, equities research analysts anticipate that Helios Technologies will post 2.06 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Triumph Capital Management bought a new position in shares of Helios Technologies during the 3rd quarter valued at approximately $36,000. CWM LLC boosted its position in shares of Helios Technologies by 1,276.7% in the second quarter. CWM LLC now owns 1,652 shares of the company’s stock worth $55,000 after purchasing an additional 1,532 shares during the period. Quarry LP boosted its holdings in Helios Technologies by 948.6% in the 3rd quarter. Quarry LP now owns 1,164 shares of the company’s stock worth $61,000 after buying an additional 1,053 shares during the period. Global Retirement Partners LLC purchased a new stake in Helios Technologies in the 4th quarter worth $66,000. Finally, State of Alaska Department of Revenue bought a new stake in Helios Technologies during the third quarter valued at about $96,000. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Company 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.