Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by Victory Capital Management Inc. – Defense World
Posted by admin on Aug 20th, 2022 
Victory Capital Management Inc. trimmed its holdings in Helios Technologies, Inc. (NASDAQ:HLIO – Get Rating) by 10.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 7,406 shares of the company’s stock after selling 854 shares during the quarter. Victory Capital Management Inc.’s holdings in Helios Technologies were worth $498,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Baird Financial Group Inc. boosted its holdings in Helios Technologies by 11.2% in the fourth quarter. Baird Financial Group Inc. now owns 5,860 shares of the company’s stock valued at $616,000 after purchasing an additional 590 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its holdings in shares of Helios Technologies by 32.4% in the first quarter. State of New Jersey Common Pension Fund D now owns 33,913 shares of the company’s stock valued at $2,722,000 after acquiring an additional 8,299 shares during the period. First Trust Advisors LP boosted its holdings in shares of Helios Technologies by 716.9% in the fourth quarter. First Trust Advisors LP now owns 67,606 shares of the company’s stock valued at $7,110,000 after acquiring an additional 59,330 shares during the period. Lindenwold Advisors acquired a new stake in shares of Helios Technologies in the fourth quarter valued at approximately $274,000. Finally, Stephens Inc. AR acquired a new stake in shares of Helios Technologies in the fourth quarter valued at approximately $212,000. 91.23% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently weighed in on HLIO shares. Robert W. Baird decreased their price objective on Helios Technologies from $100.00 to $75.00 in a report on Tuesday, August 9th. Barrington Research decreased their price objective on Helios Technologies from $107.00 to $91.00 and set an “outperform” rating for the company in a report on Wednesday, August 10th. Finally, Stifel Nicolaus decreased their price objective on Helios Technologies from $95.00 to $74.00 in a report on Monday, July 18th.
Shares of NASDAQ HLIO opened at $65.75 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.40 and a quick ratio of 1.30. The stock has a fifty day moving average price of $65.27 and a 200 day moving average price of $70.29. Helios Technologies, Inc. has a 1-year low of $59.17 and a 1-year high of $114.89. The company has a market cap of $2.14 billion, a PE ratio of 19.11, a P/E/G ratio of 1.27 and a beta of 1.14.
Helios Technologies (NASDAQ:HLIO – Get Rating) last released its quarterly earnings data on Monday, August 8th. The company reported $1.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.18. The firm had revenue of $241.67 million during the quarter, compared to analysts’ expectations of $240.51 million. Helios Technologies had a return on equity of 20.05% and a net margin of 12.11%. Helios Technologies’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 earnings per share. Sell-side analysts forecast that Helios Technologies, Inc. will post 4.37 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Tuesday, July 5th were given a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 0.55%. The ex-dividend date was Friday, July 1st. Helios Technologies’s payout ratio is 10.47%.
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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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