Ceredex Value Advisors LLC Has $4.19 Million Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Ceredex Value Advisors LLC decreased its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 53.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 87,893 shares of the company's stock after selling 99,648 shares during the period. Ceredex Value Advisors LLC owned 0.26% of Helios Technologies worth $4,192,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. ProShare Advisors LLC raised its stake in shares of Helios Technologies by 8.6% during the 1st quarter. ProShare Advisors LLC now owns 5,964 shares of the company's stock worth $267,000 after buying an additional 470 shares during the last quarter. Central Pacific Bank Trust Division lifted its position in Helios Technologies by 9.9% during the 3rd quarter. Central Pacific Bank Trust Division now owns 6,498 shares of the company's stock worth $310,000 after acquiring an additional 586 shares in the last quarter. Isthmus Partners LLC boosted its stake in shares of Helios Technologies by 1.1% in the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company's stock valued at $30,000 after purchasing an additional 670 shares during the period. Cardinal Capital Management boosted its position in Helios Technologies by 3.8% in the 2nd quarter. Cardinal Capital Management now owns 19,353 shares of the company's stock valued at $924,000 after buying an additional 702 shares during the last quarter. Finally, Innealta Capital LLC acquired a new stake in Helios Technologies during the 2nd quarter valued at approximately $35,000. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Helios Technologies Stock Performance

HLIO stock traded up $1.82 during trading on Friday, reaching $47.95. 248,372 shares of the company's stock were exchanged, compared to its average volume of 160,057. Helios Technologies, Inc. has a 1-year low of $37.50 and a 1-year high of $54.06. The company's fifty day moving average price is $45.42 and its 200-day moving average price is $46.33. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. The firm has a market cap of $1.59 billion, a PE ratio of 53.28 and a beta of 0.84.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last released its earnings results on Monday, August 5th. The company reported $0.64 EPS for the quarter, beating the consensus estimate of $0.61 by $0.03. The firm had revenue of $219.90 million for the quarter, compared to analysts' expectations of $215.80 million. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. Helios Technologies's quarterly revenue was down 3.4% on a year-over-year basis. During the same quarter last year, the company earned $0.81 EPS. On average, research analysts expect that Helios Technologies, Inc. will post 2.3 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, October 21st. Shareholders of record on Friday, October 4th were given a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.75%. Helios Technologies's dividend payout ratio (DPR) is 40.00%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. KeyCorp cut Helios Technologies from an "overweight" rating to a "sector weight" rating in a research note on Tuesday, July 9th. Stifel Nicolaus reduced 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.

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.