Jackson Creek Investment Advisors LLC Takes Position in Helios Technologies, Inc. $HLIO

Jackson Creek Investment Advisors LLC acquired a new stake in Helios Technologies, Inc. (NASDAQ:HLIO) during the third quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 25,590 shares of the company’s stock, valued at approximately $1,334,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. CWM LLC grew its stake in Helios Technologies by 1,276.7% in the 2nd quarter. CWM LLC now owns 1,652 shares of the company’s stock valued at $55,000 after buying an additional 1,532 shares during the last quarter. State of Alaska Department of Revenue bought a new position in shares of Helios Technologies in the third quarter worth about $96,000. Tower Research Capital LLC TRC lifted its position in shares of Helios Technologies by 39.3% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock worth $141,000 after purchasing an additional 1,196 shares during the last quarter. AlphaQuest LLC bought a new stake in Helios Technologies during the 2nd quarter valued at approximately $175,000. Finally, Legacy Wealth Asset Management LLC acquired a new stake in Helios Technologies in the 3rd quarter valued at approximately $205,000. Institutional investors own 94.72% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. KeyCorp boosted their target price on shares of Helios Technologies from $64.00 to $74.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. initiated coverage on Helios Technologies in a research report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price objective for the company. Finally, Stifel Nicolaus lifted their price objective on Helios Technologies from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. Four equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $69.25.

Helios Technologies Stock Up 3.8%

Shares of NASDAQ HLIO opened at $67.24 on Tuesday. Helios Technologies, Inc. has a 52-week low of $24.76 and a 52-week high of $68.56. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The business has a fifty day moving average of $58.30 and a two-hundred day moving average of $53.58. The stock has a market cap of $2.23 billion, a PE ratio of 59.51 and a beta of 1.29.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, November 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.06. 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 company posted $0.59 earnings per share. The firm’s quarterly revenue was up 13.3% on a year-over-year basis. As a group, equities research analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Stockholders of record on Wednesday, January 7th were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Wednesday, January 7th. This represents a $0.36 annualized dividend and a dividend yield of 0.5%. Helios Technologies’s dividend payout ratio (DPR) is presently 35.64%.

About Helios Technologies

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.