Helios Technologies, Inc. (NASDAQ:HLIO) Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. grew its holdings in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 0.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,328,127 shares of the company's stock after purchasing an additional 13,059 shares during the period. Vanguard Group Inc. owned approximately 10.01% of Helios Technologies worth $148,568,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Signaturefd LLC lifted 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 buying an additional 287 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Helios Technologies by 0.4% in the 4th 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 shares of Helios Technologies by 3.5% during the 4th quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock worth $400,000 after purchasing an additional 301 shares during the period. Empower Advisory Group LLC increased its holdings in Helios Technologies by 10.0% in the 4th quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after purchasing an additional 615 shares during the last quarter. Finally, Rhumbline Advisers raised its position in Helios Technologies by 1.5% in the fourth quarter. Rhumbline Advisers now owns 50,612 shares of the company's stock valued at $2,259,000 after purchasing an additional 726 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

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

Helios Technologies Trading Up 0.6 %

NASDAQ:HLIO traded up $0.15 on Friday, reaching $27.08. 159,470 shares of the company's stock were exchanged, compared to its average volume of 199,089. The business has a fifty day moving average of $35.76 and a 200-day moving average of $43.80. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 52-week low of $24.76 and a 52-week high of $57.29. The firm has a market capitalization of $901.69 million, a price-to-earnings ratio of 23.97 and a beta of 1.03.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.33%. Helios Technologies's dividend payout ratio (DPR) is presently 30.77%.

Helios Technologies announced that its board has authorized a share repurchase program on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to reacquire up to 7.8% of its shares through open market purchases. Shares buyback programs are typically 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.