Marshall Wace LLP Lowers Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Marshall Wace LLP lessened its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 23.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 88,470 shares of the company's stock after selling 27,284 shares during the period. Marshall Wace LLP owned 0.27% of Helios Technologies worth $3,949,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HLIO. Ceredex Value Advisors LLC boosted its position in shares of Helios Technologies by 150.2% during the fourth quarter. Ceredex Value Advisors LLC now owns 219,900 shares of the company's stock worth $9,816,000 after buying an additional 132,007 shares during the period. Barclays PLC boosted its holdings in Helios Technologies by 6.9% in the fourth quarter. Barclays PLC now owns 61,408 shares of the company's stock valued at $2,741,000 after purchasing an additional 3,957 shares during the period. Rockefeller Capital Management L.P. boosted 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. purchased a new position in Helios Technologies in the fourth quarter valued at $7,696,000. Finally, Renaissance Technologies LLC purchased a new position in Helios Technologies in the fourth quarter valued at $1,079,000. Hedge funds and other institutional investors own 94.72% of the company's stock.

Helios Technologies Stock Performance

Shares of NASDAQ HLIO traded down $0.17 during midday trading on Tuesday, reaching $27.98. 156,074 shares of the company were exchanged, compared to its average volume of 202,307. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 1 year low of $24.76 and a 1 year high of $57.29. The stock has a fifty day simple moving average of $32.46 and a 200 day simple moving average of $42.19. The stock has a market cap of $932.63 million, a P/E ratio of 24.76 and a beta of 1.03.

Helios Technologies announced that its Board of Directors has approved a stock buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Helios Technologies Announces Dividend

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

Analyst Ratings Changes

Separately, Stifel Nicolaus cut their price target 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 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.