Ceredex Value Advisors LLC Has $9.82 Million Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Ceredex Value Advisors LLC raised its position in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 150.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,900 shares of the company's stock after purchasing an additional 132,007 shares during the quarter. Ceredex Value Advisors LLC owned 0.66% of Helios Technologies worth $9,816,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Barclays PLC grew its holdings in Helios Technologies by 6.9% during the 4th quarter. Barclays PLC now owns 61,408 shares of the company's stock worth $2,741,000 after acquiring an additional 3,957 shares during the last quarter. Rockefeller Capital Management L.P. increased its holdings in Helios Technologies by 362.8% in the fourth quarter. Rockefeller Capital Management L.P. now owns 249,738 shares of the company's stock valued at $11,148,000 after purchasing an additional 195,779 shares during the period. Raymond James Financial Inc. bought a new position in Helios Technologies during the 4th quarter worth $7,696,000. Renaissance Technologies LLC acquired a new position in Helios Technologies during the 4th quarter worth about $1,079,000. Finally, Invesco Ltd. grew its position in shares of Helios Technologies by 3.9% in the 4th quarter. Invesco Ltd. now owns 56,699 shares of the company's stock valued at $2,531,000 after buying an additional 2,137 shares during the last quarter. 94.72% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus reduced their target price on Helios Technologies from $58.00 to $35.00 and set a "buy" rating on the stock in a report on Monday, April 14th.

Helios Technologies Trading Up 1.9 %

HLIO stock traded up $0.49 during midday trading on Tuesday, hitting $26.20. The stock had a trading volume of 55,958 shares, compared to its average volume of 199,296. The business has a fifty day moving average price of $33.80 and a two-hundred day moving average price of $42.90. Helios Technologies, Inc. has a 1-year low of $24.76 and a 1-year high of $57.29. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The firm has a market cap of $872.36 million, a P/E ratio of 23.18 and a beta of 1.03.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors 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 1.37%. Helios Technologies's dividend payout ratio is currently 30.77%.

Helios Technologies announced that its Board of Directors 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 buy up to 7.8% of its shares through open market purchases. Shares buyback programs are often an indication that the company's leadership 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.