SG Americas Securities LLC acquired a new position in Helios Technologies, Inc. (NASDAQ:HLIO – Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 12,348 shares of the company’s stock, valued at approximately $644,000.
A number of other hedge funds have also recently made changes to their positions in the stock. KLP Kapitalforvaltning AS raised its position in Helios Technologies by 17.5% in the third quarter. KLP Kapitalforvaltning AS now owns 7,400 shares of the company’s stock valued at $386,000 after purchasing an additional 1,100 shares during the period. Vaughan Nelson Investment Management L.P. lifted its stake in Helios Technologies by 28.1% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 775,417 shares of the company’s stock worth $40,422,000 after acquiring an additional 170,050 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC purchased a new position in Helios Technologies during the 3rd quarter valued at about $225,000. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Helios Technologies in the 3rd quarter valued at about $245,000. Finally, CWM LLC increased its stake in Helios Technologies by 14.2% during the third quarter. CWM LLC now owns 1,886 shares of the company’s stock worth $98,000 after purchasing an additional 234 shares during the period. Hedge funds and other institutional investors own 94.72% of the company’s stock.
Helios Technologies Price Performance
Helios Technologies stock opened at $67.03 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The company has a fifty day simple moving average of $56.37 and a 200-day simple moving average of $51.87. The stock has a market cap of $2.22 billion, a P/E ratio of 59.32 and a beta of 1.29. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $68.56.
Helios Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th were paid 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%.
Wall Street Analysts Forecast Growth
Several research analysts have recently commented on the stock. Stifel Nicolaus set a $65.00 price objective on shares of Helios Technologies in a research note on Wednesday, November 5th. KeyCorp increased their target price on shares of Helios Technologies from $61.00 to $64.00 and gave the stock an “overweight” rating in a report on Tuesday, November 4th. Finally, JPMorgan Chase & Co. started coverage on shares of Helios Technologies in a research note on Tuesday. They issued an “overweight” rating and a $80.00 price target for the company. Four investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $64.50.
View Our Latest Stock Report on HLIO
About Helios Technologies
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.
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