Helios Technologies (NASDAQ:HLIO) Given New $35.00 Price Target at Stifel Nicolaus

Helios Technologies (NASDAQ:HLIO - Free Report) had its target price reduced by Stifel Nicolaus from $58.00 to $35.00 in a report released on Monday morning, MarketBeat reports. They currently have a buy rating on the stock.

Helios Technologies Price Performance

HLIO stock traded up $0.43 during midday trading on Monday, reaching $26.39. The company had a trading volume of 209,561 shares, compared to its average volume of 199,558. The company has a market capitalization of $878.71 million, a price-to-earnings ratio of 23.36 and a beta of 1.03. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. Helios Technologies has a 1-year low of $24.76 and a 1-year high of $57.29. The stock has a 50 day moving average price of $34.12 and a 200-day moving average price of $43.11.

Helios Technologies announced that its Board of Directors has authorized a share buyback plan on Monday, February 24th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company's board believes its stock is undervalued.

Helios Technologies Dividend Announcement

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

Hedge Funds Weigh In On Helios Technologies

A number of institutional investors have recently modified their holdings of HLIO. Signaturefd LLC grew its position in Helios Technologies by 71.8% in the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock valued at $31,000 after acquiring an additional 287 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Helios Technologies by 2,361.9% in the 1st quarter. GAMMA Investing LLC now owns 4,653 shares of the company's stock valued at $145,000 after acquiring an additional 4,464 shares during the last quarter. Aquatic Capital Management LLC boosted its holdings in shares of Helios Technologies by 148.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company's stock valued at $167,000 after acquiring an additional 2,232 shares in the last quarter. Dark Forest Capital Management LP bought a new stake in Helios Technologies during the 4th quarter worth $214,000. Finally, US Bancorp DE raised its position in Helios Technologies by 321.2% in the fourth quarter. US Bancorp DE now owns 6,705 shares of the company's stock valued at $299,000 after purchasing an additional 5,113 shares during the last quarter. Institutional investors and hedge funds own 94.72% of the company's stock.

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.