Stifel Nicolaus Lowers Helios Technologies (NASDAQ:HLIO) Price Target to $74.00 – MarketBeat
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Helios Technologies (NASDAQ:HLIO – Get Rating) had its price objective lowered by research analysts at Stifel Nicolaus from $95.00 to $74.00 in a report released on Monday, The Fly reports. Stifel Nicolaus’ price objective suggests a potential upside of 19.64% from the company’s current price.
Other research analysts have also recently issued reports about the stock. Barrington Research assumed coverage on shares of Helios Technologies in a research report on Thursday, March 31st. They set an “outperform” rating and a $107.00 price target for the company. Robert W. Baird decreased their target price on shares of Helios Technologies from $111.00 to $100.00 in a report on Wednesday, May 11th.
Helios Technologies Trading Up 1.4 %
Shares of HLIO opened at $61.85 on Monday. Helios Technologies has a 1-year low of $59.36 and a 1-year high of $114.89. The firm has a market capitalization of $2.01 billion, a price-to-earnings ratio of 17.82, a PEG ratio of 1.13 and a beta of 1.17. The firm’s 50-day moving average price is $66.19 and its 200-day moving average price is $73.86. The company has a current ratio of 2.24, a quick ratio of 1.20 and a debt-to-equity ratio of 0.57.
Helios Technologies (NASDAQ:HLIO – Get Rating) last issued its quarterly earnings results on Monday, May 9th. The company reported $1.18 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.23. Helios Technologies had a net margin of 12.43% and a return on equity of 20.74%. The company had revenue of $240.55 million during the quarter, compared to analysts’ expectations of $221.02 million. During the same period last year, the company posted $0.99 EPS. Helios Technologies’s revenue was up 17.4% on a year-over-year basis. Sell-side analysts anticipate that Helios Technologies will post 4.56 EPS for the current year.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HLIO. Strs Ohio bought a new position in Helios Technologies during the 4th quarter worth about $73,000. Silvant Capital Management LLC bought a new stake in shares of Helios Technologies in the 4th quarter valued at about $76,000. Lazard Asset Management LLC boosted its holdings in shares of Helios Technologies by 54.3% in the 1st 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. Hardy Reed LLC bought a new stake in shares of Helios Technologies in the 1st quarter valued at about $132,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Helios Technologies by 266.3% in the 4th quarter. Fifth Third Bancorp now owns 1,630 shares of the company’s stock valued at $171,000 after buying an additional 1,185 shares in the last quarter. 91.23% of the stock is currently owned by institutional investors.
About Helios Technologies
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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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