Conestoga Capital Advisors LLC Cuts Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Conestoga Capital Advisors LLC decreased its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 14.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,720,401 shares of the company's stock after selling 287,885 shares during the period. Conestoga Capital Advisors LLC owned approximately 5.18% of Helios Technologies worth $82,063,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in Helios Technologies by 0.8% in the first quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company's stock worth $144,966,000 after purchasing an additional 24,975 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of Helios Technologies by 4.4% in 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 period. Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Helios Technologies in the 2nd quarter worth about $42,900,000. Bank of New York Mellon Corp lifted its position in Helios Technologies by 24.4% during the 2nd quarter. Bank of New York Mellon Corp now owns 463,657 shares of the company's stock valued at $22,140,000 after acquiring an additional 90,806 shares during the period. Finally, Silvercrest Asset Management Group LLC boosted its stake in Helios Technologies by 24.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company's stock worth $8,264,000 after acquiring an additional 36,676 shares in the last quarter. Institutional investors own 94.72% of the company's stock.

Helios Technologies Stock Up 4.2 %

HLIO traded up $1.96 during trading on Friday, hitting $48.09. 248,372 shares of the company's stock traded hands, compared to its average volume of 205,121. Helios Technologies, Inc. has a 12-month low of $37.50 and a 12-month high of $54.06. The company's 50 day simple moving average is $45.34 and its two-hundred day simple moving average is $46.31. The stock has a market capitalization of $1.60 billion, a price-to-earnings ratio of 53.07 and a beta of 0.84. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its quarterly earnings results on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.61 by $0.03. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The business had revenue of $219.90 million during the quarter, compared to the consensus estimate of $215.80 million. During the same period in the previous year, the company posted $0.81 EPS. The business's quarterly revenue was down 3.4% compared to the same quarter last year. Analysts predict that Helios Technologies, Inc. will post 2.3 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.75%. The ex-dividend date was Friday, October 4th. Helios Technologies's dividend payout ratio is presently 40.00%.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on HLIO. Stifel Nicolaus decreased 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 note on Wednesday, October 16th. KeyCorp cut Helios Technologies from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, July 9th.

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.