Conestoga Capital Advisors LLC Sells 287,885 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Conestoga Capital Advisors LLC lowered its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 14.3% in the third quarter, HoldingsChannel.com reports. The fund owned 1,720,401 shares of the company’s stock after selling 287,885 shares during the quarter. Conestoga Capital Advisors LLC owned about 0.05% of Helios Technologies worth $82,063,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of HLIO. Vanguard Group Inc. boosted its holdings in shares of Helios Technologies by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 3,218,839 shares of the company’s stock worth $145,974,000 after purchasing an additional 88,656 shares during the last quarter. Sei Investments Co. boosted its stake in Helios Technologies by 16.1% in the first quarter. Sei Investments Co. now owns 117,032 shares of the company’s stock valued at $5,230,000 after acquiring an additional 16,204 shares in the last quarter. Silvercrest Asset Management Group LLC boosted its stake in shares of Helios Technologies by 24.7% during the first quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company’s stock worth $8,264,000 after buying an additional 36,676 shares during the period. Dimensional Fund Advisors LP lifted its position in Helios Technologies by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock valued at $61,333,000 after purchasing an additional 54,205 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new position in shares of Helios Technologies during the 2nd quarter worth approximately $42,900,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Stifel Nicolaus decreased their price target on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, October 16th. KeyCorp lowered shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th.

Helios Technologies Price Performance

Shares of NASDAQ HLIO traded up $1.63 during trading on Friday, reaching $47.76. The company had a trading volume of 44,713 shares, compared to its average volume of 204,160. Helios Technologies, Inc. has a 52 week low of $37.50 and a 52 week high of $54.06. The stock has a market cap of $1.59 billion, a PE ratio of 51.22 and a beta of 0.84. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.49 and a current ratio of 2.92. The business’s 50 day moving average price is $45.34 and its 200-day moving average price is $46.31.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The business had revenue of $219.90 million for the quarter, compared to analyst estimates of $215.80 million. During the same quarter in the previous year, the firm posted $0.81 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. Analysts expect that Helios Technologies, Inc. will post 2.3 earnings per share for the current year.

Helios Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 21st. Investors of record on Friday, October 4th were issued a $0.09 dividend. The ex-dividend date was Friday, October 4th. This represents a $0.36 dividend on an annualized basis and a yield of 0.75%. Helios Technologies’s dividend payout ratio (DPR) is presently 40.00%.

Helios Technologies 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.