Helios Technologies (NASDAQ:HLIO) Price Target Raised to $76.00 at Stifel Nicolaus

Helios Technologies (NASDAQ:HLIO) had its price target raised by stock analysts at Stifel Nicolaus from $74.00 to $76.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 6.37% from the stock’s previous close.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. started coverage on shares of Helios Technologies in a report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective for the company. KeyCorp boosted their price target on shares of Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $71.75.

Helios Technologies Trading Down 3.9%

HLIO opened at $71.45 on Wednesday. Helios Technologies has a one year low of $24.76 and a one year high of $76.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The business has a 50 day simple moving average of $65.96 and a two-hundred day simple moving average of $58.08. The firm has a market capitalization of $2.37 billion, a price-to-earnings ratio of 63.23 and a beta of 1.30.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%.The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period last year, the company posted $0.33 EPS. Analysts predict that Helios Technologies will post 2.06 EPS for the current year.

Hedge Funds Weigh In On Helios Technologies

Several large investors have recently made changes to their positions in HLIO. Royal Bank of Canada grew its stake in shares of Helios Technologies by 0.6% in the 1st quarter. Royal Bank of Canada now owns 89,391 shares of the company’s stock worth $2,868,000 after buying an additional 556 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Helios Technologies by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,771 shares of the company’s stock worth $634,000 after acquiring an additional 862 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in shares of Helios Technologies by 14.2% in the first quarter. Goldman Sachs Group Inc. now owns 143,810 shares of the company’s stock worth $4,615,000 after acquiring an additional 17,914 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Helios Technologies by 14.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 70,936 shares of the company’s stock valued at $2,276,000 after acquiring an additional 9,041 shares in the last quarter. Finally, Jane Street Group LLC raised its position in shares of Helios Technologies by 198.2% in the 1st quarter. Jane Street Group LLC now owns 56,606 shares of the company’s stock worth $1,816,000 after purchasing an additional 37,624 shares during the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

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.