Victory Capital Management Inc. Makes New $14.60 Million Investment in Helios Technologies, Inc. $HLIO

Victory Capital Management Inc. bought a new position in Helios Technologies, Inc. (NASDAQ:HLIO) during the third quarter, Holdings Channel.com reports. The firm bought 280,040 shares of the company’s stock, valued at approximately $14,598,000.

Several other institutional investors also recently modified their holdings of HLIO. State of Alaska Department of Revenue bought a new position in Helios Technologies in the 3rd quarter valued at $96,000. CWM LLC raised its stake in shares of Helios Technologies by 14.2% during the 3rd 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. Legacy Wealth Asset Management LLC bought a new stake in shares of Helios Technologies during the 3rd quarter worth $205,000. Tower Research Capital LLC TRC boosted its holdings in shares of Helios Technologies by 39.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $141,000 after buying an additional 1,196 shares during the last quarter. Finally, Pinnacle Wealth Management Advisory Group LLC bought a new position in Helios Technologies during the third quarter valued at about $225,000. 94.72% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on HLIO shares. Stifel Nicolaus increased their target price 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. JPMorgan Chase & Co. assumed coverage on Helios Technologies in a research note on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective on the stock. Finally, KeyCorp increased their price objective on Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, Helios Technologies currently has a consensus rating of “Buy” and a consensus price target of $71.75.

Helios Technologies Price Performance

Shares of NASDAQ:HLIO opened at $65.90 on Wednesday. The company has a 50 day moving average of $67.13 and a 200 day moving average of $58.60. 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 market cap of $2.18 billion, a P/E ratio of 58.32 and a beta of 1.26. Helios Technologies, Inc. has a 12 month low of $24.76 and a 12 month high of $76.47.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results 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%.Helios Technologies’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. As a group, sell-side analysts forecast that Helios Technologies, Inc. will post 2.06 EPS for the current fiscal year.

Helios Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Wednesday, January 7th. Helios Technologies’s payout ratio is presently 24.83%.

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.