SG Americas Securities LLC Boosts Position in Helios Technologies, Inc. (NASDAQ:HLIO)

SG Americas Securities LLC raised its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 302.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,616 shares of the company’s stock after purchasing an additional 8,729 shares during the period. SG Americas Securities LLC’s holdings in Helios Technologies were worth $554,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Innealta Capital LLC purchased a new position in Helios Technologies during the second quarter worth $35,000. Canada Pension Plan Investment Board acquired a new position in Helios Technologies in the 2nd quarter valued at about $110,000. EntryPoint Capital LLC acquired a new position in Helios Technologies in the 1st quarter valued at about $133,000. PNC Financial Services Group Inc. raised its stake 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 valued at $196,000 after purchasing an additional 3,778 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Helios Technologies during the 2nd quarter worth about $216,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Analysts Set New Price Targets

Separately, KeyCorp downgraded shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th.

Helios Technologies Stock Performance

Helios Technologies stock opened at $49.33 on Wednesday. The stock has a fifty day moving average price of $44.17 and a 200 day moving average price of $46.07. Helios Technologies, Inc. has a 52 week low of $37.50 and a 52 week high of $55.53. The firm has a market capitalization of $1.64 billion, a P/E ratio of 55.27 and a beta of 0.84. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56.

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

Helios Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 21st. Shareholders of record on Friday, October 4th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.73%. The ex-dividend date of this dividend is Friday, October 4th. Helios Technologies’s dividend payout ratio (DPR) is presently 40.00%.

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.