Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 393,323 shares of the company's stock after selling 27,755 shares during the period. New York State Common Retirement Fund owned about 1.18% of Helios Technologies worth $18,762,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Innealta Capital LLC acquired a new stake in Helios Technologies during the second quarter worth approximately $35,000. nVerses Capital LLC increased its position in shares of Helios Technologies by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the company's stock worth $57,000 after acquiring an additional 800 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in Helios Technologies in the second quarter valued at approximately $110,000. SG Americas Securities LLC acquired a new stake in shares of Helios Technologies in the second quarter worth $138,000. Finally, EntryPoint Capital LLC acquired a new position in Helios Technologies during the 1st quarter valued at $133,000. Institutional investors and hedge funds own 94.72% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HLIO. KeyCorp downgraded shares of Helios Technologies from an "overweight" rating to a "sector weight" rating in a research report on Tuesday, July 9th. Stifel Nicolaus lowered their price objective on 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 Stock Performance

HLIO traded up $0.02 during trading hours on Tuesday, hitting $48.99. The stock had a trading volume of 163,248 shares, compared to its average volume of 204,924. The stock has a market cap of $1.63 billion, a PE ratio of 54.41 and a beta of 0.84. 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 company's fifty day simple moving average is $45.53 and its 200 day simple moving average is $46.35. Helios Technologies, Inc. has a 1 year low of $37.50 and a 1 year high of $54.06.

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, topping the consensus estimate of $0.61 by $0.03. The business had revenue of $219.90 million for the quarter, compared to the consensus estimate of $215.80 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company's revenue for the quarter was down 3.4% compared to the same quarter last year. During the same period in the previous year, the company posted $0.81 earnings per share. Equities analysts anticipate that Helios Technologies, Inc. will post 2.3 earnings per share for the current year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Stockholders of record on Friday, October 4th were paid a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.73%. The ex-dividend date was Friday, October 4th. Helios Technologies's payout ratio is 40.00%.

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.