Schroder Investment Management Group Reduces Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Schroder Investment Management Group reduced its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 23.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 246,746 shares of the company's stock after selling 77,559 shares during the period. Schroder Investment Management Group owned 0.74% of Helios Technologies worth $10,960,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Intech Investment Management LLC acquired a new stake in Helios Technologies during the third quarter worth approximately $224,000. Charles Schwab Investment Management Inc. lifted 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 valued at $17,410,000 after acquiring an additional 38,307 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Helios Technologies by 20.1% during the third quarter. BNP Paribas Financial Markets now owns 13,111 shares of the company's stock valued at $625,000 after buying an additional 2,190 shares during the last quarter. Rockefeller Capital Management L.P. raised its holdings in shares of Helios Technologies by 60.1% in the third quarter. Rockefeller Capital Management L.P. now owns 53,959 shares of the company's stock valued at $2,574,000 after purchasing an additional 20,250 shares during the last quarter. Finally, Stifel Financial Corp grew its position in Helios Technologies by 46.5% in the 3rd 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 in the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

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

Helios Technologies Stock Performance

Shares of Helios Technologies stock traded down $1.26 on Friday, reaching $26.45. 606,348 shares of the company traded hands, compared to its average volume of 195,017. Helios Technologies, Inc. has a 52 week low of $24.90 and a 52 week high of $57.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The company has a 50 day moving average of $38.13 and a 200 day moving average of $44.65. The firm has a market capitalization of $880.78 million, a PE ratio of 23.41 and a beta of 1.03.

Helios Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. Helios Technologies's dividend payout ratio is 30.77%.

Helios Technologies declared that its Board of Directors has approved a stock buyback program on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are 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.