Envestnet Asset Management Inc. Boosts Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Envestnet Asset Management Inc. lifted its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 165.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 93,463 shares of the company's stock after purchasing an additional 58,282 shares during the period. Envestnet Asset Management Inc. owned 0.28% of Helios Technologies worth $4,172,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Helios Technologies by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company's stock worth $148,568,000 after buying an additional 13,059 shares during the last quarter. Conestoga Capital Advisors LLC boosted its stake in shares of Helios Technologies by 15.5% in the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company's stock worth $88,679,000 after acquiring an additional 266,127 shares during the period. Thrivent Financial for Lutherans grew its stake in Helios Technologies by 1.2% during the fourth quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company's stock valued at $82,219,000 after acquiring an additional 21,683 shares in the last quarter. Sara Bay Financial increased its holdings in shares of Helios Technologies by 25.5% in the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company's stock worth $54,080,000 after purchasing an additional 247,088 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in Helios Technologies by 1.1% during the third quarter. Geode Capital Management LLC now owns 752,544 shares of the company's stock valued at $35,904,000 after purchasing an additional 7,871 shares during the last quarter. Hedge funds and other institutional investors own 94.72% of the company's stock.

Wall Street Analysts Forecast Growth

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

Helios Technologies Stock Performance

HLIO stock traded up $0.01 during trading on Friday, hitting $27.87. 136,056 shares of the company traded hands, compared to its average volume of 200,989. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The stock's 50-day simple moving average is $32.71 and its 200 day simple moving average is $42.40. Helios Technologies, Inc. has a 1 year low of $24.76 and a 1 year high of $57.29. The company has a market cap of $927.99 million, a PE ratio of 24.66 and a beta of 1.03.

Helios Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th were paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies's payout ratio is currently 30.77%.

Helios Technologies declared that its board has authorized a share repurchase program on Monday, February 24th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to reacquire up to 7.8% of its shares through open market purchases. Shares repurchase programs are often 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.