Universal Beteiligungs und Servicegesellschaft mbH Takes $540,000 Position in Helios Technologies, Inc $HLIO

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Helios Technologies, Inc (NYSE:HLIO) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 10,103 shares of the company’s stock, valued at approximately $540,000.

A number of other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Helios Technologies by 3.5% during the third quarter. Dimensional Fund Advisors LP now owns 1,626,796 shares of the company’s stock worth $84,806,000 after purchasing an additional 55,206 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Helios Technologies by 7.9% during the third quarter. Thrivent Financial for Lutherans now owns 1,530,525 shares of the company’s stock worth $79,787,000 after purchasing an additional 112,213 shares during the period. Bank of America Corp DE boosted its holdings in shares of Helios Technologies by 7.9% during the second quarter. Bank of America Corp DE now owns 932,366 shares of the company’s stock worth $31,113,000 after purchasing an additional 68,182 shares during the period. Wasatch Advisors LP boosted its holdings in shares of Helios Technologies by 5.4% during the third quarter. Wasatch Advisors LP now owns 854,711 shares of the company’s stock worth $44,556,000 after purchasing an additional 43,567 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Helios Technologies by 28.1% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 775,417 shares of the company’s stock worth $40,422,000 after purchasing an additional 170,050 shares during the period. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Helios Technologies Price Performance

Shares of NYSE HLIO opened at $65.39 on Tuesday. Helios Technologies, Inc has a fifty-two week low of $27.12 and a fifty-two week high of $76.47. The company has a 50 day simple moving average of $68.04 and a two-hundred day simple moving average of $62.25. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 45.09 and a beta of 1.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.58 and a current ratio of 2.90.

Helios Technologies (NYSE:HLIO) last announced its earnings results on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a net margin of 5.78% and a return on equity of 9.36%. The business had revenue of $210.70 million during the quarter. During the same period in the prior year, the business posted $0.33 EPS. Helios Technologies’s revenue for the quarter was up 17.4% on a year-over-year basis. Analysts expect that Helios Technologies, Inc will post 2.76 EPS for the current fiscal year.

Helios Technologies Increases Dividend

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

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.