Lazard Asset Management LLC Increases Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Lazard Asset Management LLC lifted its position in Helios Technologies, Inc. (NASDAQ:HLIOGet Rating) by 50.5% in the second quarter, HoldingsChannel.com reports. The firm owned 1,877 shares of the company’s stock after purchasing an additional 630 shares during the quarter. Lazard Asset Management LLC’s holdings in Helios Technologies were worth $124,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Commonwealth Equity Services LLC purchased a new position in Helios Technologies during the first quarter valued at $214,000. Westwood Holdings Group Inc. purchased a new position in Helios Technologies during the first quarter valued at $259,000. Jane Street Group LLC purchased a new position in Helios Technologies during the first quarter valued at $262,000. GSA Capital Partners LLP purchased a new position in Helios Technologies during the first quarter valued at $271,000. Finally, Acuitas Investments LLC purchased a new position in Helios Technologies during the first quarter valued at $281,000. 91.83% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on HLIO. Barrington Research cut their target price on shares of Helios Technologies from $107.00 to $91.00 and set an “outperform” rating for the company in a research note on Wednesday, August 10th. Stifel Nicolaus dropped their price objective on shares of Helios Technologies from $74.00 to $71.00 and set a “buy” rating for the company in a research note on Tuesday, October 11th. Robert W. Baird dropped their price objective on shares of Helios Technologies from $71.00 to $63.00 in a research note on Monday, November 7th. Finally, KeyCorp dropped their price objective on shares of Helios Technologies from $90.00 to $71.00 and set an “overweight” rating for the company in a research note on Friday, September 16th.

Helios Technologies Stock Performance

Shares of NASDAQ:HLIO opened at $55.95 on Wednesday. Helios Technologies, Inc. has a 52 week low of $48.27 and a 52 week high of $110.23. The stock has a market capitalization of $1.82 billion, a P/E ratio of 17.43 and a beta of 1.18. The firm has a fifty day simple moving average of $53.08 and a two-hundred day simple moving average of $60.52. The company has a quick ratio of 1.35, a current ratio of 2.60 and a debt-to-equity ratio of 0.58.

Helios Technologies (NASDAQ:HLIOGet Rating) last released its earnings results on Monday, November 7th. The company reported $0.90 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.08). The firm had revenue of $207.20 million during the quarter, compared to the consensus estimate of $218.12 million. Helios Technologies had a return on equity of 18.86% and a net margin of 11.51%. Helios Technologies’s revenue was down 7.2% compared to the same quarter last year. During the same quarter last year, the business posted $1.07 EPS. On average, analysts expect that Helios Technologies, Inc. will post 3.99 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 20th. Stockholders of record on Wednesday, October 5th were issued a $0.09 dividend. The ex-dividend date of this dividend was Tuesday, October 4th. This represents a $0.36 annualized dividend and a dividend yield of 0.64%. Helios Technologies’s dividend payout ratio (DPR) is presently 11.21%.

Helios Technologies Profile

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Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets 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; quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.

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Institutional Ownership by Quarter for Helios Technologies (NASDAQ:HLIO)

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