Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. reduced its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 23.7% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 59,429 shares of the company's stock after selling 18,506 shares during the quarter. JPMorgan Chase & Co. owned about 0.18% of Helios Technologies worth $2,835,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of HLIO. American Century Companies Inc. raised its position in shares of Helios Technologies by 46.9% in the 2nd quarter. American Century Companies Inc. now owns 24,218 shares of the company's stock valued at $1,156,000 after purchasing an additional 7,730 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Helios Technologies by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company's stock worth $61,333,000 after buying an additional 54,205 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in Helios Technologies during the 2nd quarter worth approximately $110,000. Sei Investments Co. raised its position in Helios Technologies by 29.1% during the 2nd quarter. Sei Investments Co. now owns 151,105 shares of the company's stock worth $7,215,000 after buying an additional 34,073 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in Helios Technologies during the 2nd quarter worth approximately $42,900,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Helios Technologies

In related news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction 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 sale, the director now owns 3,636 shares of the company's stock, valued at approximately $196,016.76. This trade represents a 14.47 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price target 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.

Helios Technologies Stock Performance

Shares of NASDAQ:HLIO traded up $2.04 during trading on Tuesday, hitting $45.93. 247,716 shares of the stock traded hands, compared to its average volume of 181,451. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The company has a market cap of $1.53 billion, a price-to-earnings ratio of 40.64 and a beta of 0.88. The company has a fifty day moving average price of $48.62 and a two-hundred day moving average price of $46.53. Helios Technologies, Inc. has a 52-week low of $39.08 and a 52-week high of $57.29.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.05. The firm had revenue of $194.50 million during the quarter, compared to analyst estimates of $196.41 million. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The business's quarterly revenue was down 3.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.44 EPS. As a group, equities analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current year.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.78%. Helios Technologies's dividend payout ratio is currently 31.86%.

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.