Bessemer Group Inc. Takes Position in Helios Technologies, Inc. $HLIO

Bessemer Group Inc. purchased a new position in Helios Technologies, Inc. (NASDAQ:HLIO) during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 273,828 shares of the company’s stock, valued at approximately $14,275,000. Bessemer Group Inc. owned approximately 0.83% of Helios Technologies at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of HLIO. Envestnet Asset Management Inc. lifted its position in shares of Helios Technologies by 9.5% in the 3rd quarter. Envestnet Asset Management Inc. now owns 107,861 shares of the company’s stock valued at $5,623,000 after acquiring an additional 9,323 shares in the last quarter. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Helios Technologies during the 3rd quarter worth about $1,334,000. Thrivent Financial for Lutherans raised its position in Helios Technologies by 7.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock valued at $79,787,000 after acquiring an additional 112,213 shares in the last quarter. GHP Investment Advisors Inc. raised its holdings in shares of Helios Technologies by 5.5% during the 3rd quarter. GHP Investment Advisors Inc. now owns 41,370 shares of the company’s stock valued at $2,157,000 after purchasing an additional 2,155 shares in the last quarter. Finally, State of Alaska Department of Revenue bought a new position in Helios Technologies during the third quarter valued at about $96,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on HLIO shares. KeyCorp boosted their price objective on shares of Helios Technologies from $64.00 to $74.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. JPMorgan Chase & Co. began coverage on Helios Technologies in a research report on Tuesday, January 20th. They set an “overweight” rating and a $80.00 price objective for the company. Finally, Stifel Nicolaus raised their target price on Helios Technologies from $65.00 to $74.00 and gave the company a “buy” rating in a report on Friday, January 23rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat, Helios Technologies presently has an average rating of “Buy” and an average price target of $69.25.

Helios Technologies Stock Up 3.6%

NASDAQ HLIO opened at $72.51 on Friday. Helios Technologies, Inc. has a twelve month low of $24.76 and a twelve month high of $73.45. The stock has a market cap of $2.40 billion, a PE ratio of 64.17 and a beta of 1.30. The firm has a 50-day simple moving average of $59.63 and a 200 day simple moving average of $54.30. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03.

Helios Technologies Announces Dividend

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

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.