Helios Technologies (NASDAQ:HLIO) Hits New 12-Month High – Still a Buy?

Helios Technologies, Inc. (NASDAQ:HLIO) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $76.16 and last traded at $75.7650, with a volume of 498105 shares traded. The stock had previously closed at $75.65.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on HLIO shares. JPMorgan Chase & Co. started 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 upped their price target on shares of Helios Technologies from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Finally, Stifel Nicolaus raised their price objective on shares of Helios Technologies from $65.00 to $74.00 and gave the stock a “buy” rating in a research report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Helios Technologies currently has an average rating of “Buy” and an average price target of $69.25.

Helios Technologies Trading Down 0.4%

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 market capitalization of $2.44 billion, a PE ratio of 65.14 and a beta of 1.30. The business’s 50-day moving average is $63.16 and its two-hundred day moving average is $56.60.

Helios Technologies Dividend Announcement

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

Hedge Funds Weigh In On Helios Technologies

Large investors have recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Helios Technologies by 3.4% during the second quarter. Geode Capital Management LLC now owns 789,981 shares of the company’s stock valued at $26,365,000 after acquiring an additional 26,098 shares during the last quarter. Ceredex Value Advisors LLC lifted its holdings in Helios Technologies by 19.2% in the 2nd quarter. Ceredex Value Advisors LLC now owns 417,950 shares of the company’s stock valued at $13,947,000 after purchasing an additional 67,450 shares in the last quarter. Jackson Creek Investment Advisors LLC acquired a new stake in shares of Helios Technologies during the 3rd quarter worth about $1,334,000. Advantage Alpha Capital Partners LP grew its holdings in shares of Helios Technologies by 11.8% during the second quarter. Advantage Alpha Capital Partners LP now owns 62,926 shares of the company’s stock worth $2,100,000 after buying an additional 6,631 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in shares of Helios Technologies by 7.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock worth $79,787,000 after buying an additional 112,213 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

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.