PNC Financial Services Group Inc. Increases Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

PNC Financial Services Group Inc. boosted its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 703.5% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 4,315 shares of the company’s stock after buying an additional 3,778 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Helios Technologies were worth $196,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of HLIO. Aristides Capital LLC bought a new stake in shares of Helios Technologies in the 4th quarter worth $288,000. OLD National Bancorp IN increased its stake in Helios Technologies by 13.7% in the 4th quarter. OLD National Bancorp IN now owns 7,264 shares of the company’s stock valued at $329,000 after buying an additional 877 shares during the last quarter. First National Bank of Omaha bought a new position in shares of Helios Technologies during the 4th quarter worth approximately $337,000. Dynamic Technology Lab Private Ltd purchased a new position in shares of Helios Technologies in the 4th quarter worth approximately $428,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Helios Technologies by 95.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,869 shares of the company’s stock valued at $448,000 after acquiring an additional 4,832 shares in the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Stock Performance

Shares of HLIO opened at $47.59 on Wednesday. The stock has a 50 day moving average of $48.76 and a 200 day moving average of $45.45. The company has a market capitalization of $1.58 billion, a price-to-earnings ratio of 47.59 and a beta of 0.85. Helios Technologies, Inc. has a 12 month low of $37.50 and a 12 month high of $67.31. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Wednesday, May 8th. The company reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.45 by $0.08. The firm had revenue of $212.00 million during the quarter, compared to analyst estimates of $205.61 million. Helios Technologies had a return on equity of 8.37% and a net margin of 3.93%. The business’s revenue was down .6% compared to the same quarter last year. During the same period last year, the firm posted $0.72 EPS. As a group, sell-side analysts forecast that Helios Technologies, Inc. will post 2.55 earnings per share for the current year.

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Friday, July 5th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.76%. The ex-dividend date is Friday, July 5th. Helios Technologies’s payout ratio is 36.00%.

Helios Technologies Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.