Helios Technologies (NYSE:HLIO) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Helios Technologies (NYSE:HLIO) from a buy rating to a hold rating in a research report report published on Saturday morning,Wall Street Zen reports.

HLIO has been the subject of a number of other research reports. Weiss Ratings raised shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Robert W. Baird lowered shares of Helios Technologies from an “outperform” rating to a “neutral” rating and dropped their price target for the stock from $90.00 to $65.00 in a research note on Friday. JPMorgan Chase & Co. upped their price target on shares of Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Zacks Research downgraded shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, October 20th. Finally, KeyCorp decreased their price objective on shares of Helios Technologies from $95.00 to $85.00 and set an “overweight” rating for the company in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Helios Technologies has a consensus rating of “Moderate Buy” and an average price target of $76.25.

Helios Technologies Trading Up 4.1%

NYSE HLIO opened at $49.38 on Friday. Helios Technologies has a one year low of $46.95 and a one year high of $95.05. The company’s 50 day moving average price is $67.80 and its 200 day moving average price is $73.24. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.53 and a current ratio of 2.74. The firm has a market capitalization of $1.63 billion, a price-to-earnings ratio of 20.86 and a beta of 1.28.

Helios Technologies (NYSE:HLIO) last released its quarterly earnings data on Thursday, November 5th. The company reported $0.80 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.05. The company had revenue of $229.70 million during the quarter. Helios Technologies had a net margin of 8.01% and a return on equity of 11.43%. Helios Technologies’s revenue was up 4.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.72 EPS. On average, sell-side analysts predict that Helios Technologies will post 3.17 EPS for the current year.

Helios Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 26th. Shareholders of record on Tuesday, October 13th were issued a $0.12 dividend. The ex-dividend date of this dividend was Tuesday, October 13th. This represents a $0.48 annualized dividend and a dividend yield of 1.0%. Helios Technologies’s dividend payout ratio is currently 20.34%.

Institutional Investors Weigh In On Helios Technologies

Large investors have recently modified their holdings of the stock. Russell Investments Group Ltd. grew its holdings in shares of Helios Technologies by 14.4% in the 3rd quarter. Russell Investments Group Ltd. now owns 111,456 shares of the company’s stock worth $7,570,000 after acquiring an additional 14,023 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Helios Technologies by 1.6% during the third quarter. King Luther Capital Management Corp now owns 61,888 shares of the company’s stock valued at $4,203,000 after purchasing an additional 949 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Helios Technologies by 359.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 240,880 shares of the company’s stock valued at $16,594,000 after purchasing an additional 188,503 shares during the last quarter. CenterBook Partners LP purchased a new stake in shares of Helios Technologies during the third quarter valued at $927,000. Finally, Fifth Third Wealth Advisors LLC acquired a new position in shares of Helios Technologies in the 3rd quarter valued at $250,000. 94.72% of the stock is owned by institutional investors.

Helios Technologies Company Profile

Helios Technologies, Inc is a global manufacturer of hydraulic and electronic control technologies. Its products are used by original equipment manufacturers in markets including mobile and industrial equipment, marine, and other specialty vehicles.

Through its hydraulics businesses, the company makes cartridge valves, hydraulic integrated circuits and manifolds, and quick-release couplings. Its electronic controls businesses provide technologies such as control systems, displays, instrumentation, and related products for vehicle and equipment applications.

Based in Sarasota, Florida, Helios serves customers internationally through its operating companies and distribution network.