Natixis Advisors LLC Invests $2.46 Million in Helios Technologies, Inc. (NASDAQ:HLIO)

Natixis Advisors LLC purchased a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 55,151 shares of the company's stock, valued at approximately $2,462,000. Natixis Advisors LLC owned approximately 0.17% of Helios Technologies at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the company. King Luther Capital Management Corp lifted its holdings in shares of Helios Technologies by 0.4% in the fourth quarter. King Luther Capital Management Corp now owns 70,733 shares of the company's stock worth $3,158,000 after acquiring an additional 291 shares during the last quarter. Inspire Investing LLC boosted its position in Helios Technologies by 3.5% in the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock valued at $400,000 after buying an additional 301 shares in the last quarter. Empower Advisory Group LLC grew its stake 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 buying an additional 615 shares during the last quarter. Rhumbline Advisers increased its holdings in shares of Helios Technologies by 1.5% during the fourth quarter. Rhumbline Advisers now owns 50,612 shares of the company's stock worth $2,259,000 after buying an additional 726 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. lifted its stake in shares of Helios Technologies by 2.9% in the 4th quarter. Oppenheimer Asset Management Inc. now owns 31,688 shares of the company's stock valued at $1,415,000 after acquiring an additional 880 shares during the last quarter. 94.72% of the stock is owned by institutional investors.

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Analyst Ratings Changes

Separately, Stifel Nicolaus reduced their price objective on Helios Technologies from $60.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th.

Helios Technologies Trading Down 0.3 %

Shares of Helios Technologies stock traded down $0.10 on Thursday, hitting $34.01. The stock had a trading volume of 136,883 shares, compared to its average volume of 188,411. The stock has a 50 day moving average of $40.05 and a 200 day moving average of $45.15. The firm has a market capitalization of $1.13 billion, a P/E ratio of 30.09 and a beta of 0.90. Helios Technologies, Inc. has a twelve month low of $33.10 and a twelve month high of $57.29. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.06%. The ex-dividend date is Friday, April 4th. Helios Technologies's payout ratio is currently 30.77%.

Helios Technologies announced that its board has authorized a share buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 7.8% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued.

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.