Helios Technologies (NASDAQ:HLIO) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Helios Technologies (NASDAQ:HLIO) from a strong-buy rating to a hold rating in a research report report published on Tuesday, Zacks.com reports.

According to Zacks, “Helios Technologies Inc. is an industrial technology company. It develops and manufactures hydraulic and electronic control solutions. The company’s operating subsidiaries includes Sun Hydraulics, Enovation Controls and Faster Group. Its operating business segment consists of Hydraulics and Electronics. Hydraulics segment includes material handling, construction equipment, agriculture, specialized vehicles and energy. Electronics segment provides electronic control solutions. Helios Technologies Inc., formerly known as Sun Hydraulics Corporation, is based in Sarasota, United States. “

Separately, Morgan Stanley raised their target price on Helios Technologies from $89.00 to $107.00 and gave the company an equal weight rating in a report on Wednesday, November 10th.

Shares of Helios Technologies stock opened at $88.00 on Tuesday. The stock has a market cap of $2.85 billion, a PE ratio of 32.84 and a beta of 1.06. The business has a fifty day simple moving average of $102.23 and a 200-day simple moving average of $89.27. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. Helios Technologies has a 12 month low of $53.53 and a 12 month high of $114.89.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings data on Monday, November 8th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.27. The firm had revenue of $223.20 million during the quarter, compared to analysts’ expectations of $195.93 million. Helios Technologies had a return on equity of 19.28% and a net margin of 10.78%. The business’s revenue for the quarter was up 82.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.53 earnings per share. Analysts expect that Helios Technologies will post 4.08 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 20th. Shareholders of record on Wednesday, January 5th will be issued a dividend of $0.09 per share. The ex-dividend date of this dividend is Tuesday, January 4th. This represents a $0.36 annualized dividend and a yield of 0.41%. Helios Technologies’s dividend payout ratio (DPR) is currently 13.43%.

In other Helios Technologies news, insider Melanie M. Nealis sold 1,000 shares of Helios Technologies stock in a transaction that occurred on Monday, November 8th. The stock was sold at an average price of $100.07, for a total transaction of $100,070.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Melanie M. Nealis sold 5,000 shares of Helios Technologies stock in a transaction that occurred on Wednesday, November 24th. The shares were sold at an average price of $108.92, for a total value of $544,600.00. The disclosure for this sale can be found here. Insiders sold 13,000 shares of company stock worth $1,380,010 over the last quarter. 4.10% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors boosted its holdings in Helios Technologies by 46.4% during the third quarter. Captrust Financial Advisors now owns 511 shares of the company’s stock valued at $42,000 after purchasing an additional 162 shares in the last quarter. Lazard Asset Management LLC acquired a new stake in Helios Technologies during the second quarter valued at approximately $44,000. O Shaughnessy Asset Management LLC boosted its holdings in Helios Technologies by 168.9% during the third quarter. O Shaughnessy Asset Management LLC now owns 1,826 shares of the company’s stock valued at $150,000 after purchasing an additional 1,147 shares in the last quarter. Aurora Investment Counsel acquired a new stake in Helios Technologies during the third quarter valued at approximately $213,000. Finally, Schonfeld Strategic Advisors LLC acquired a new position in shares of Helios Technologies in the 2nd quarter worth approximately $202,000. 90.14% of the stock is currently owned by institutional investors.

About Helios Technologies

Helios Technologies, Inc engages in the development and manufacture of motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. It operates through the Hydraulics and Electronics segments.

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