Helios Technologies (NASDAQ:HLIO) Stock Rating Upgraded by KeyCorp

Helios Technologies (NASDAQ:HLIO) was upgraded by equities researchers at KeyCorp from a “sector weight” rating to an “overweight” rating in a research note issued to investors on Thursday,Finviz reports. The brokerage presently has a $40.00 price objective on the stock. KeyCorp’s target price indicates a potential upside of 26.98% from the company’s current price.

Several other equities analysts have also recently commented on HLIO. Stifel Nicolaus raised their price target on shares of Helios Technologies from $35.00 to $39.00 and gave the company a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird decreased their target price on Helios Technologies from $65.00 to $49.00 and set an “outperform” rating for the company in a report on Thursday, May 8th.

Helios Technologies Price Performance

HLIO opened at $31.50 on Thursday. The stock’s 50-day moving average price is $30.51 and its 200 day moving average price is $36.73. Helios Technologies has a 12-month low of $24.76 and a 12-month high of $57.29. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 27.88 and a beta of 1.25. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. During the same quarter in the previous year, the firm earned $0.53 EPS. Helios Technologies’s quarterly revenue was down 7.8% compared to the same quarter last year. As a group, sell-side analysts expect that Helios Technologies will post 2.06 earnings per share for the current year.

Institutional Investors Weigh In On Helios Technologies

Hedge funds and other institutional investors have recently modified their holdings of the company. Ameriprise Financial Inc. grew its stake in shares of Helios Technologies by 16.8% during the fourth quarter. Ameriprise Financial Inc. now owns 157,551 shares of the company’s stock worth $7,033,000 after purchasing an additional 22,680 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Helios Technologies by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock worth $148,568,000 after buying an additional 13,059 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of Helios Technologies by 9.6% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 789,915 shares of the company’s stock worth $25,349,000 after acquiring an additional 68,990 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Helios Technologies in the 4th quarter valued at about $1,079,000. Finally, Ceredex Value Advisors LLC raised its position in shares of Helios Technologies by 150.2% during the 4th quarter. Ceredex Value Advisors LLC now owns 219,900 shares of the company’s stock worth $9,816,000 after acquiring an additional 132,007 shares in the last quarter. 94.72% of the stock is currently owned by institutional investors and hedge funds.

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.