Janus Henderson Group PLC reduced its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 13.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 632,019 shares of the company's stock after selling 95,942 shares during the period. Janus Henderson Group PLC owned approximately 1.90% of Helios Technologies worth $30,147,000 at the end of the most recent reporting period.
Several other hedge funds also recently made changes to their positions in HLIO. Innealta Capital LLC bought a new position in Helios Technologies in the 2nd quarter worth about $35,000. nVerses Capital LLC raised its holdings in shares of Helios Technologies by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company's stock valued at $57,000 after acquiring an additional 800 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Helios Technologies during the 2nd quarter valued at about $110,000. SG Americas Securities LLC purchased a new position in shares of Helios Technologies during the second quarter worth about $138,000. Finally, Truvestments Capital LLC bought a new position in shares of Helios Technologies in the third quarter worth approximately $179,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at Helios Technologies
In other news, Director Diana Sacchi sold 615 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total value of $33,154.65. Following the transaction, the director now owns 3,636 shares in the company, valued at $196,016.76. This represents a 14.47 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.70% of the company's stock.
Analysts Set New Price Targets
Separately, Stifel Nicolaus dropped their target price on shares of Helios Technologies from $64.00 to $63.00 and set a "buy" rating for the company in a research report on Wednesday, October 16th.
Get Our Latest Stock Report on Helios Technologies
Helios Technologies Price Performance
NASDAQ HLIO traded down $1.04 during trading hours on Friday, reaching $51.48. 162,619 shares of the stock traded hands, compared to its average volume of 156,027. Helios Technologies, Inc. has a 1 year low of $39.08 and a 1 year high of $57.29. The stock has a 50 day simple moving average of $49.87 and a two-hundred day simple moving average of $46.94. 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 company has a market cap of $1.71 billion, a price-to-earnings ratio of 45.56 and a beta of 0.85.
Helios Technologies (NASDAQ:HLIO - Get Free Report) last announced its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. During the same quarter last year, the firm posted $0.44 EPS. The business's quarterly revenue was down 3.4% compared to the same quarter last year. On average, analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.
Helios Technologies Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Friday, January 3rd will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.70%. Helios Technologies's payout ratio is 31.86%.
Helios Technologies Company Profile
(
Free Report)
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.
Recommended Stories
![Institutional Ownership by Quarter for Helios Technologies (NASDAQ:HLIO)](https://www.marketbeat.com/scripts/SECFilingChart.ashx?Prefix=NASDAQ&Symbol=HLIO)
Before you consider Helios Technologies, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Helios Technologies wasn't on the list.
While Helios Technologies currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.