Charles Schwab Investment Management Inc. Has $17.81 Million Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Charles Schwab Investment Management Inc. grew its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 9.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 398,899 shares of the company’s stock after purchasing an additional 33,915 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Helios Technologies were worth $17,807,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. US Bancorp DE grew its position in shares of Helios Technologies by 321.2% in the fourth quarter. US Bancorp DE now owns 6,705 shares of the company’s stock valued at $299,000 after purchasing an additional 5,113 shares during the last quarter. Oppenheimer Asset Management Inc. grew its position in shares of Helios Technologies by 2.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,688 shares of the company’s stock valued at $1,415,000 after purchasing an additional 880 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Helios Technologies by 18.5% in the fourth quarter. Bank of New York Mellon Corp now owns 519,531 shares of the company’s stock valued at $23,192,000 after purchasing an additional 81,100 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of Helios Technologies by 20.6% in the fourth quarter. Handelsbanken Fonder AB now owns 9,358 shares of the company’s stock valued at $418,000 after buying an additional 1,600 shares during the period. Finally, Cardinal Capital Management boosted its stake in shares of Helios Technologies by 4.5% in the fourth quarter. Cardinal Capital Management now owns 23,219 shares of the company’s stock valued at $1,036,000 after buying an additional 1,000 shares during the period. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Trading Down 0.5 %

Shares of HLIO stock opened at $34.98 on Thursday. 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 $1.16 billion, a P/E ratio of 30.95 and a beta of 0.90. The stock has a 50 day simple moving average of $41.09 and a 200 day simple moving average of $45.42. Helios Technologies, Inc. has a 1 year low of $34.71 and a 1 year high of $57.29.

Helios Technologies announced that its board has authorized a stock repurchase program on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s board of directors believes its shares are undervalued.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 1.03%. The ex-dividend date is Friday, April 4th. Helios Technologies’s dividend payout ratio (DPR) is currently 30.77%.

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price target on Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a research note on Wednesday, February 26th.

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.