Wellington Management Group LLP Sells 559,459 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Wellington Management Group LLP cut its holdings in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 27.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,463,265 shares of the company's stock after selling 559,459 shares during the quarter. Wellington Management Group LLP owned 4.40% of Helios Technologies worth $65,320,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Signaturefd LLC lifted its stake in Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock valued at $31,000 after buying an additional 287 shares during the period. Intech Investment Management LLC acquired a new position in Helios Technologies in the third quarter valued at approximately $224,000. US Bancorp DE lifted its stake in Helios Technologies by 321.2% in the fourth quarter. US Bancorp DE now owns 6,705 shares of the company's stock valued at $299,000 after buying an additional 5,113 shares during the period. Empower Advisory Group LLC increased its holdings in shares of Helios Technologies by 10.0% during the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after acquiring an additional 615 shares in the last quarter. Finally, Ameritas Advisory Services LLC bought a new stake in shares of Helios Technologies during the fourth quarter valued at approximately $315,000. 94.72% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

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Helios Technologies Stock Down 6.3 %

Shares of NASDAQ HLIO traded down $1.80 during midday trading on Thursday, hitting $26.94. 42,062 shares of the stock traded hands, compared to its average volume of 198,965. The company has a market cap of $896.89 million, a PE ratio of 24.00 and a beta of 1.03. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $57.29. The business has a 50 day moving average price of $36.42 and a two-hundred day moving average price of $44.04. 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 announced that its Board of Directors has initiated a stock buyback program on Monday, February 24th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback programs are usually a sign that the company's management believes its stock is undervalued.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued 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 1.34%. Helios Technologies's dividend payout ratio (DPR) is currently 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.