Helios Technologies (NASDAQ:HLIO) Rating Increased to Overweight at KeyCorp

KeyCorp upgraded shares of Helios Technologies (NASDAQ:HLIO) from a sector weight rating to an overweight rating in a research report sent to investors on Thursday morning, MarketBeat reports. KeyCorp currently has $40.00 price target on the stock.

A number of other brokerages also recently issued reports on HLIO. Stifel Nicolaus increased their price objective on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a “buy” rating in a research note on Thursday, May 8th. Robert W. Baird cut their price target on shares of Helios Technologies from $65.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, May 8th.

Helios Technologies Trading Up 3.4%

Shares of NASDAQ:HLIO opened at $32.58 on Thursday. The business’s 50 day simple moving average is $30.63 and its 200 day simple moving average is $36.60. Helios Technologies has a 1 year low of $24.76 and a 1 year high of $57.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The company has a market capitalization of $1.09 billion, a P/E ratio of 28.83 and a beta of 1.25.

Helios Technologies (NASDAQ:HLIO) last released its earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. During the same quarter last year, the company posted $0.53 EPS. The company’s revenue was down 7.8% on a year-over-year basis. On average, research analysts anticipate that Helios Technologies will post 2.06 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 21st. Stockholders of record on Monday, July 7th will be paid a $0.09 dividend. The ex-dividend date is Monday, July 7th. This represents a $0.36 annualized dividend and a dividend yield of 1.10%. Helios Technologies’s payout ratio is 32.43%.

Hedge Funds Weigh In On Helios Technologies

A number of institutional investors have recently modified their holdings of HLIO. KBC Group NV acquired a new stake in Helios Technologies in the first quarter valued at about $26,000. Signaturefd LLC grew its holdings in shares of Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after purchasing an additional 287 shares during the last quarter. Quarry LP increased its position in Helios Technologies by 406.4% during the 1st quarter. Quarry LP now owns 1,023 shares of the company’s stock worth $33,000 after purchasing an additional 821 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Helios Technologies by 7,183.3% in the 1st quarter. Russell Investments Group Ltd. now owns 1,311 shares of the company’s stock valued at $42,000 after purchasing an additional 1,293 shares during the last quarter. Finally, GAMMA Investing LLC boosted its position in Helios Technologies by 2,361.9% in the first quarter. GAMMA Investing LLC now owns 4,653 shares of the company’s stock valued at $145,000 after buying an additional 4,464 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Company 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.