Charles Schwab Investment Management Inc. Raises Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Charles Schwab Investment Management Inc. grew its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 9.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 398,899 shares of the company's stock after purchasing an additional 33,915 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.20% of Helios Technologies worth $17,807,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HLIO. Quest Partners LLC acquired a new position in shares of Helios Technologies in the third quarter valued at about $623,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new stake in Helios Technologies during the third quarter worth about $2,325,000. King Luther Capital Management Corp grew its holdings in Helios Technologies by 1.0% during the third quarter. King Luther Capital Management Corp now owns 70,442 shares of the company's stock worth $3,360,000 after acquiring an additional 704 shares during the period. Intech Investment Management LLC acquired a new stake in Helios Technologies during the third quarter worth about $224,000. Finally, Truvestments Capital LLC acquired a new stake in Helios Technologies during the third quarter worth about $179,000. 94.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their target price on Helios Technologies from $60.00 to $58.00 and set a "buy" rating on the stock in a report on Wednesday, February 26th.

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Helios Technologies Stock Performance

Helios Technologies stock traded down $0.72 during midday trading on Friday, hitting $33.69. 352,100 shares of the company were exchanged, compared to its average volume of 189,430. The firm has a market capitalization of $1.12 billion, a PE ratio of 29.81 and a beta of 0.90. Helios Technologies, Inc. has a fifty-two week low of $33.10 and a fifty-two week high of $57.29. The business has a fifty day simple moving average of $40.65 and a two-hundred day simple moving average of $45.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.07%. Helios Technologies's dividend payout ratio is currently 30.77%.

Helios Technologies declared that its Board of Directors has initiated a share repurchase program on Monday, February 24th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are typically a sign that the company's management believes its stock is undervalued.

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.