JPMorgan Chase & Co. Has $5.16 Million Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

JPMorgan Chase & Co. increased its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 94.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 115,542 shares of the company's stock after buying an additional 56,113 shares during the period. JPMorgan Chase & Co. owned 0.35% of Helios Technologies worth $5,158,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Signaturefd LLC lifted its holdings in shares of 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 purchasing an additional 287 shares in the last quarter. US Bancorp DE boosted 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 worth $299,000 after acquiring an additional 5,113 shares during the period. Empower Advisory Group LLC boosted 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 worth $302,000 after acquiring an additional 615 shares during the period. Ameritas Advisory Services LLC bought a new stake in shares of Helios Technologies in the fourth quarter valued at approximately $315,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of Helios Technologies in the fourth quarter valued at approximately $330,000. 94.72% of the stock is owned by institutional investors.

Helios Technologies Trading Up 2.5 %

Shares of NASDAQ:HLIO traded up $0.68 during midday trading on Thursday, hitting $27.53. 12,971 shares of the stock were exchanged, compared to its average volume of 209,678. The stock has a market capitalization of $916.47 million, a price-to-earnings ratio of 24.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The business's 50-day moving average price is $33.23 and its 200 day moving average price is $42.67. Helios Technologies, Inc. has a 12 month low of $24.76 and a 12 month high of $57.29.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.31%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies's dividend payout ratio is currently 30.77%.

Helios Technologies declared that its board has approved a share buyback program on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

Analysts Set New Price Targets

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

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.