Helios Technologies, Inc. (NASDAQ:HLIO) Shares Bought by State of New Jersey Common Pension Fund D

State of New Jersey Common Pension Fund D boosted its holdings in Helios Technologies, Inc. (NASDAQ:HLIOGet Rating) by 16.1% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 39,378 shares of the company’s stock after acquiring an additional 5,465 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Helios Technologies were worth $1,993,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc increased its holdings in shares of Helios Technologies by 1.2% during the second quarter. Legal & General Group Plc now owns 28,336 shares of the company’s stock valued at $1,877,000 after purchasing an additional 346 shares during the period. US Bancorp DE boosted its holdings in shares of Helios Technologies by 6.4% in the third quarter. US Bancorp DE now owns 5,896 shares of the company’s stock valued at $298,000 after acquiring an additional 356 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Helios Technologies by 54.3% during the first quarter. Lazard Asset Management LLC now owns 1,247 shares of the company’s stock valued at $100,000 after acquiring an additional 439 shares during the period. Isthmus Partners LLC raised its holdings in Helios Technologies by 1.5% during the second quarter. Isthmus Partners LLC now owns 31,205 shares of the company’s stock worth $2,067,000 after purchasing an additional 458 shares in the last quarter. Finally, Arizona State Retirement System raised its holdings in Helios Technologies by 5.5% during the second quarter. Arizona State Retirement System now owns 8,781 shares of the company’s stock worth $582,000 after purchasing an additional 460 shares in the last quarter. Institutional investors own 90.75% of the company’s stock.

Wall Street Analyst Weigh In

HLIO has been the topic of several research analyst reports. Robert W. Baird lifted their price target on Helios Technologies from $63.00 to $70.00 in a research report on Tuesday. Stifel Nicolaus dropped their price target on shares of Helios Technologies from $74.00 to $71.00 and set a “buy” rating on the stock in a research report on Tuesday, October 11th.

Helios Technologies Trading Up 2.5 %

Helios Technologies stock opened at $60.48 on Friday. The firm has a market cap of $1.97 billion, a price-to-earnings ratio of 18.84 and a beta of 1.10. Helios Technologies, Inc. has a 1 year low of $48.27 and a 1 year high of $83.47. The firm’s 50 day moving average price is $55.31 and its two-hundred day moving average price is $57.20. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.35 and a current ratio of 2.60.

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

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 20th. Shareholders of record on Thursday, January 5th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.60%. The ex-dividend date of this dividend is Wednesday, January 4th. Helios Technologies’s dividend payout ratio 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.

Further Reading

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

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