Intech Investment Management LLC Has $660,000 Stake in Helios Technologies, Inc. (NASDAQ:HLIO)

Intech Investment Management LLC lifted its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 214.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,790 shares of the company's stock after purchasing an additional 10,089 shares during the period. Intech Investment Management LLC's holdings in Helios Technologies were worth $660,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HLIO. Signaturefd LLC raised its holdings in Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after buying an additional 287 shares during the period. Truvestments Capital LLC purchased a new position in shares of Helios Technologies in the third quarter worth approximately $179,000. US Bancorp DE raised its holdings in shares of Helios Technologies by 321.2% during the fourth quarter. US Bancorp DE now owns 6,705 shares of the company's stock valued at $299,000 after acquiring an additional 5,113 shares during the period. Empower Advisory Group LLC lifted its position in shares of Helios Technologies by 10.0% in the 4th 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 acquired a new position in Helios Technologies in the 4th quarter worth approximately $315,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Stock Down 0.3 %

Shares of NASDAQ HLIO traded down $0.10 during mid-day trading on Thursday, reaching $34.01. The company had a trading volume of 136,883 shares, compared to its average volume of 188,411. The stock has a fifty day moving average of $40.05 and a two-hundred day moving average of $45.15. Helios Technologies, Inc. has a 12-month low of $33.10 and a 12-month high of $57.29. The company has a market capitalization of $1.13 billion, a price-to-earnings ratio of 30.09 and a beta of 0.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03.

Remove Ads

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

Helios Technologies Dividend Announcement

The business 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. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date is Friday, April 4th. Helios Technologies's dividend payout ratio (DPR) is currently 30.77%.

Wall Street Analysts Forecast Growth

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

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.