Jennison Associates LLC Acquires New Shares in Helios Technologies, Inc $HLIO

Jennison Associates LLC acquired a new stake in shares of Helios Technologies, Inc (NYSE:HLIO) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 796,101 shares of the company’s stock, valued at approximately $42,583,000. Jennison Associates LLC owned approximately 2.40% of Helios Technologies as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the company. Aberdeen Group plc purchased a new stake in shares of Helios Technologies in the 4th quarter valued at about $13,681,000. Jackson Creek Investment Advisors LLC purchased a new stake in shares of Helios Technologies in the 3rd quarter valued at about $1,334,000. Thrivent Financial for Lutherans raised its holdings in shares of Helios Technologies by 7.9% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock valued at $79,787,000 after acquiring an additional 112,213 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of Helios Technologies by 16.7% in the 3rd quarter. William Blair Investment Management LLC now owns 735,721 shares of the company’s stock valued at $38,353,000 after acquiring an additional 105,334 shares in the last quarter. Finally, Victory Capital Management Inc. purchased a new stake in shares of Helios Technologies in the 3rd quarter valued at about $14,598,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Price Performance

Shares of Helios Technologies stock opened at $66.89 on Friday. The company has a current ratio of 2.90, a quick ratio of 1.58 and a debt-to-equity ratio of 0.39. The firm has a market capitalization of $2.21 billion, a PE ratio of 46.13 and a beta of 1.25. The business’s 50-day moving average price is $68.04 and its 200-day moving average price is $62.07. Helios Technologies, Inc has a 12 month low of $27.12 and a 12 month high of $76.47.

Helios Technologies (NYSE:HLIO) last announced its quarterly earnings data on Monday, March 2nd. The company reported $0.81 EPS for the quarter, beating the consensus estimate of $0.72 by $0.09. The firm had revenue of $210.70 million for the quarter. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.Helios Technologies’s revenue for the quarter was up 17.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.33 earnings per share. Sell-side analysts forecast that Helios Technologies, Inc will post 2.76 EPS for the current fiscal year.

Helios Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Monday, April 13th were given a dividend of $0.12 per share. This is a boost from Helios Technologies’s previous quarterly dividend of $0.09. The ex-dividend date was Monday, April 13th. This represents a $0.48 annualized dividend and a dividend yield of 0.7%. Helios Technologies’s dividend payout ratio is currently 33.10%.

Wall Street Analyst Weigh In

Several analysts have weighed in on HLIO shares. JPMorgan Chase & Co. started coverage on Helios Technologies in a report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price target on the stock. KeyCorp raised their price target on Helios Technologies from $74.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, March 3rd. Wall Street Zen raised Helios Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. Stifel Nicolaus increased their price objective on Helios Technologies from $76.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, April 14th. Finally, Zacks Research lowered Helios Technologies from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $72.75.

About Helios Technologies

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.