Rhumbline Advisers Boosts Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Rhumbline Advisers lifted its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 8.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,041 shares of the company’s stock after purchasing an additional 4,026 shares during the quarter. Rhumbline Advisers owned 0.16% of Helios Technologies worth $2,485,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Innealta Capital LLC purchased a new position in Helios Technologies in the 2nd quarter worth about $35,000. SG Americas Securities LLC purchased a new position in Helios Technologies in the 2nd quarter worth about $138,000. EntryPoint Capital LLC purchased a new position in Helios Technologies in the 1st quarter worth about $133,000. PNC Financial Services Group Inc. raised its position in Helios Technologies by 703.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 4,315 shares of the company’s stock worth $196,000 after buying an additional 3,778 shares during the last quarter. Finally, MQS Management LLC purchased a new position in Helios Technologies in the 1st quarter worth about $246,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Analyst Ratings Changes

Separately, KeyCorp lowered Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th.

Helios Technologies Price Performance

Shares of NASDAQ:HLIO opened at $43.38 on Thursday. Helios Technologies, Inc. has a fifty-two week low of $37.50 and a fifty-two week high of $56.42. The business has a 50-day simple moving average of $43.50 and a two-hundred day simple moving average of $45.64. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 43.38 and a beta of 0.83.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $219.90 million during the quarter, compared to the consensus estimate of $215.80 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The business’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 EPS. On average, analysts expect that Helios Technologies, Inc. will post 2.38 earnings per share for the current year.

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.