Ceredex Value Advisors LLC Reduces Stock Position in Helios Technologies, Inc. $HLIO

Ceredex Value Advisors LLC cut its holdings in Helios Technologies, Inc. (NASDAQ:HLIO) by 53.9% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 192,800 shares of the company’s stock after selling 225,150 shares during the period. Ceredex Value Advisors LLC’s holdings in Helios Technologies were worth $10,051,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. CWM LLC grew its position in Helios Technologies by 14.2% in the third quarter. CWM LLC now owns 1,886 shares of the company’s stock worth $98,000 after acquiring an additional 234 shares in the last quarter. Royal Bank of Canada raised its position in Helios Technologies by 0.6% during the first quarter. Royal Bank of Canada now owns 89,391 shares of the company’s stock valued at $2,868,000 after purchasing an additional 556 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Helios Technologies by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,771 shares of the company’s stock valued at $634,000 after purchasing an additional 862 shares during the period. Swiss National Bank lifted its stake in shares of Helios Technologies by 1.6% in the 3rd quarter. Swiss National Bank now owns 64,600 shares of the company’s stock valued at $3,368,000 after purchasing an additional 1,000 shares during the last quarter. Finally, KLP Kapitalforvaltning AS boosted its holdings in shares of Helios Technologies by 17.5% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 7,400 shares of the company’s stock worth $386,000 after purchasing an additional 1,100 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Helios Technologies Stock Up 0.5%

NASDAQ:HLIO opened at $65.90 on Wednesday. The company has a market cap of $2.18 billion, a price-to-earnings ratio of 58.32 and a beta of 1.26. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $76.47. 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 stock has a fifty day simple moving average of $67.13 and a 200-day simple moving average of $58.60.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The company’s revenue for the quarter was up 17.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.33 EPS. Analysts anticipate that Helios Technologies, Inc. will post 2.06 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date was Wednesday, January 7th. Helios Technologies’s dividend payout ratio is currently 24.83%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on HLIO. JPMorgan Chase & Co. assumed coverage on Helios Technologies in a research report on Tuesday, January 20th. They set an “overweight” rating and a $80.00 target price on the stock. KeyCorp lifted their price objective on shares of Helios Technologies from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, Stifel Nicolaus boosted their price objective on shares of Helios Technologies from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Helios Technologies currently has a consensus rating of “Buy” and an average price target of $71.75.

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.