Wellington Management Group LLP Has $96.48 Million Stock Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Wellington Management Group LLP reduced its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 30.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,022,724 shares of the company's stock after selling 871,824 shares during the period. Wellington Management Group LLP owned about 6.09% of Helios Technologies worth $96,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in HLIO. Isthmus Partners LLC grew its holdings in Helios Technologies by 1.1% during the 2nd quarter. Isthmus Partners LLC now owns 63,669 shares of the company's stock worth $30,000 after acquiring an additional 670 shares during the last quarter. Innealta Capital LLC bought a new stake in shares of Helios Technologies in the second quarter worth $35,000. nVerses Capital LLC increased its holdings in Helios Technologies by 200.0% in the third quarter. nVerses Capital LLC now owns 1,200 shares of the company's stock valued at $57,000 after purchasing an additional 800 shares during the period. Canada Pension Plan Investment Board bought a new position in Helios Technologies during the 2nd quarter worth $110,000. Finally, SG Americas Securities LLC acquired a new position in Helios Technologies during the 2nd quarter worth about $138,000. Institutional investors and hedge funds own 94.72% of the company's stock.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus decreased their price target on Helios Technologies from $64.00 to $63.00 and set a "buy" rating for the company in a research note on Wednesday, October 16th.

Insider Activity

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

Helios Technologies Trading Up 0.9 %

Shares of NASDAQ:HLIO traded up $0.45 during trading on Tuesday, reaching $52.07. The stock had a trading volume of 176,273 shares, compared to its average volume of 202,374. Helios Technologies, Inc. has a 52 week low of $39.08 and a 52 week 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. The firm's fifty day moving average is $49.95 and its 200 day moving average is $46.90. The stock has a market cap of $1.73 billion, a price-to-earnings ratio of 45.68 and a beta of 0.85.

Helios Technologies (NASDAQ:HLIO - Get Free Report) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 EPS for the quarter, beating analysts' consensus estimates of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The business had revenue of $194.50 million for the quarter, compared to analysts' expectations of $196.41 million. During the same quarter in the prior year, the firm posted $0.44 earnings per share. The business's quarterly revenue was down 3.4% compared to the same quarter last year. As a group, equities analysts forecast that Helios Technologies, Inc. will post 2.14 EPS for the current fiscal year.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 20th. Stockholders of record on Friday, January 3rd will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Friday, January 3rd. Helios Technologies's dividend payout ratio (DPR) is 31.86%.

About Helios Technologies

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.