Helios Technologies, Inc. (NASDAQ:HLIO) Holdings Increased by Sara Bay Financial

Sara Bay Financial grew its stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 25.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,217,467 shares of the company's stock after acquiring an additional 247,088 shares during the quarter. Helios Technologies comprises approximately 20.0% of Sara Bay Financial's portfolio, making the stock its biggest position. Sara Bay Financial owned approximately 3.66% of Helios Technologies worth $54,080,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently modified their holdings of the company. Barclays PLC lifted its stake in Helios Technologies by 230.1% during the 3rd quarter. Barclays PLC now owns 57,451 shares of the company's stock valued at $2,740,000 after acquiring an additional 40,048 shares during the period. Dimensional Fund Advisors LP lifted its position in Helios Technologies by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company's stock valued at $61,333,000 after purchasing an additional 54,205 shares during the period. Stifel Financial Corp boosted its holdings in Helios Technologies by 46.5% in the third quarter. Stifel Financial Corp now owns 50,547 shares of the company's stock worth $2,411,000 after purchasing an additional 16,041 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Helios Technologies by 11.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company's stock worth $17,410,000 after purchasing an additional 38,307 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC bought a new position in shares of Helios Technologies during the 2nd quarter valued at $42,900,000. Hedge funds and other institutional investors own 94.72% of the company's stock.

Insiders Place Their Bets

In other news, Director Diana Sacchi sold 615 shares of the firm's stock in a transaction dated Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the transaction, the director now owns 3,636 shares in the company, valued at $196,016.76. This trade represents a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus reduced their price objective on 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

NASDAQ HLIO traded down $0.32 during trading hours on Friday, hitting $43.94. 116,988 shares of the company's stock traded hands, compared to its average volume of 130,538. Helios Technologies, Inc. has a 52 week low of $39.08 and a 52 week high of $57.29. The firm has a market capitalization of $1.46 billion, a P/E ratio of 20.56 and a beta of 0.88. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The business's fifty day moving average price is $48.78 and its two-hundred day moving average price is $46.56.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, topping 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 return on equity of 8.22% and a net margin of 4.57%. Helios Technologies's revenue was down 3.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.44 EPS. Equities research analysts predict that Helios Technologies, Inc. will post 2.14 EPS for the current year.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Investors of record on Friday, January 3rd will be issued a $0.09 dividend. The ex-dividend date of this dividend is Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a yield of 0.82%. Helios Technologies's dividend payout ratio is presently 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.