Helios Technologies (NASDAQ:HLIO) Trading Down 3.6%

Helios Technologies, Inc. (NASDAQ:HLIO) shares traded down 3.6% on Monday . The stock traded as low as $40.95 and last traded at $41.16. 183,931 shares were traded during mid-day trading, an increase of 33% from the average session volume of 138,642 shares. The stock had previously closed at $42.68.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HLIO shares. Robert W. Baird lowered their price target on Helios Technologies from $73.00 to $63.00 in a research report on Tuesday, August 8th. KeyCorp dropped their price objective on shares of Helios Technologies from $70.00 to $58.00 and set an “overweight” rating on the stock in a research note on Friday, November 3rd. Finally, TheStreet downgraded shares of Helios Technologies from a “b-” rating to a “c” rating in a research note on Friday, November 3rd. Four equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $70.25.

Helios Technologies Trading Down 3.4 %

The company has a current ratio of 3.01, a quick ratio of 1.48 and a debt-to-equity ratio of 0.62. The business has a 50 day simple moving average of $51.34 and a two-hundred day simple moving average of $56.68. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 26.72 and a beta of 1.19.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Thursday, October 5th were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date was Wednesday, October 4th. Helios Technologies’s payout ratio is currently 22.78%.

Institutional Trading of Helios Technologies

Several institutional investors have recently added to or reduced their stakes in the stock. Avalon Trust Co acquired a new position in Helios Technologies during the 1st quarter worth $26,000. Point72 Hong Kong Ltd increased its holdings in Helios Technologies by 417.9% in the second quarter. Point72 Hong Kong Ltd now owns 1,041 shares of the company’s stock valued at $69,000 after buying an additional 840 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in Helios Technologies by 570.6% in the second quarter. Tower Research Capital LLC TRC now owns 1,207 shares of the company’s stock valued at $80,000 after buying an additional 1,027 shares during the last quarter. Lazard Asset Management LLC raised its stake in 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 buying an additional 439 shares in the last quarter. Finally, Ensign Peak Advisors Inc bought a new position in Helios Technologies during the 3rd quarter worth approximately $101,000. 91.66% of the stock is owned by institutional investors and hedge funds.

About Helios Technologies

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; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.