Commonwealth Equity Services LLC Makes New $517,000 Investment in Helios Technologies, Inc. (NASDAQ:HLIO)

Commonwealth Equity Services LLC acquired a new stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,577 shares of the company's stock, valued at approximately $517,000.

Several other large investors have also bought and sold shares of the company. King Luther Capital Management Corp raised its position in shares of Helios Technologies by 0.4% during the fourth quarter. King Luther Capital Management Corp now owns 70,733 shares of the company's stock worth $3,158,000 after purchasing an additional 291 shares during the period. Inspire Investing LLC increased its stake in Helios Technologies by 3.5% in the 4th quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock worth $400,000 after purchasing an additional 301 shares in the last quarter. Empower Advisory Group LLC raised its holdings in Helios Technologies by 10.0% during the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock worth $302,000 after buying an additional 615 shares during the period. Rhumbline Advisers lifted its stake in Helios Technologies by 1.5% during the fourth quarter. Rhumbline Advisers now owns 50,612 shares of the company's stock valued at $2,259,000 after buying an additional 726 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. boosted its holdings in shares of Helios Technologies by 2.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,688 shares of the company's stock worth $1,415,000 after buying an additional 880 shares during the period. Institutional investors own 94.72% of the company's stock.

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Wall Street Analysts Forecast Growth

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

Helios Technologies Stock Up 11.8 %

Shares of Helios Technologies stock traded up $3.04 during midday trading on Wednesday, hitting $28.84. The company's stock had a trading volume of 711,608 shares, compared to its average volume of 199,560. The firm has a market capitalization of $960.36 million, a P/E ratio of 25.53 and a beta of 1.03. Helios Technologies, Inc. has a 1-year low of $24.76 and a 1-year high of $57.29. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The stock has a 50-day simple moving average of $37.06 and a 200-day simple moving average of $44.26.

Helios Technologies announced that its board has approved a stock repurchase program on Monday, February 24th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to repurchase up to 7.8% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its stock is undervalued.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be paid a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 annualized dividend and a yield of 1.25%. Helios Technologies's dividend payout ratio (DPR) is presently 30.77%.

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.