Helios Technologies, Inc. (NASDAQ:HLIO) Shares Bought by American Century Companies Inc.

American Century Companies Inc. grew its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 46.9% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 24,218 shares of the company’s stock after purchasing an additional 7,730 shares during the quarter. American Century Companies Inc.’s holdings in Helios Technologies were worth $1,156,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of HLIO. Isthmus Partners LLC increased its position in shares of Helios Technologies by 1.1% during the 2nd quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after purchasing an additional 670 shares during the period. Innealta Capital LLC acquired a new position in shares of Helios Technologies during the 2nd quarter valued at $35,000. EntryPoint Capital LLC acquired a new position in shares of Helios Technologies during the 1st quarter valued at $133,000. SG Americas Securities LLC acquired a new position in shares of Helios Technologies during the 2nd quarter valued at $138,000. Finally, PNC Financial Services Group Inc. increased its position in shares of Helios Technologies by 703.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 4,315 shares of the company’s stock valued at $196,000 after purchasing an additional 3,778 shares during the period. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Helios Technologies Stock Performance

Shares of NASDAQ HLIO opened at $47.66 on Tuesday. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $1.58 billion, a price-to-earnings ratio of 47.66 and a beta of 0.83. The stock’s fifty day simple moving average is $43.51 and its 200 day simple moving average is $45.72. Helios Technologies, Inc. has a 52-week low of $37.50 and a 52-week high of $55.80.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $219.90 million for the quarter, compared to analysts’ expectations of $215.80 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company’s quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.81 EPS. As a group, sell-side analysts forecast that Helios Technologies, Inc. will post 2.35 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Stockholders of record on Friday, October 4th will be given a $0.09 dividend. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.76%. Helios Technologies’s dividend payout ratio (DPR) is presently 36.00%.

Helios Technologies Company 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.