Helios Technologies, Inc (NYSE:HLIO) Given Consensus Recommendation of “Buy” by Brokerages

Helios Technologies, Inc (NYSE:HLIO) has been assigned a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a hold rating, four have issued a buy rating and two have assigned a strong buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $71.75.

Several brokerages have recently issued reports on HLIO. Stifel Nicolaus upped their price objective on Helios Technologies from $74.00 to $76.00 and gave the company a “buy” rating in a research report on Wednesday, March 4th. Zacks Research raised shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Wall Street Zen upgraded shares of Helios Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 7th. KeyCorp raised their price target on shares of Helios Technologies from $74.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, March 3rd. Finally, CJS Securities upgraded shares of Helios Technologies to a “strong-buy” rating in a report on Thursday, December 11th.

Helios Technologies Stock Performance

NYSE:HLIO traded down $1.94 during mid-day trading on Thursday, reaching $65.71. The stock had a trading volume of 386,324 shares, compared to its average volume of 364,858. Helios Technologies has a twelve month low of $24.76 and a twelve month high of $76.47. The business has a 50 day simple moving average of $67.67 and a 200 day simple moving average of $58.71. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of 45.31 and a beta of 1.26. 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 released its earnings results on Monday, March 2nd. The company reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a return on equity of 9.36% and a net margin of 5.78%.The company’s quarterly revenue was up 17.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.33 earnings per share.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th were issued a $0.09 dividend. The ex-dividend date was Wednesday, January 7th. This represents a $0.36 annualized dividend and a yield of 0.5%. Helios Technologies’s payout ratio is 24.83%.

Institutional Trading of Helios Technologies

A number of institutional investors and hedge funds have recently made changes to their positions in HLIO. CWM LLC boosted its holdings in Helios Technologies by 14.2% in the 3rd quarter. CWM LLC now owns 1,886 shares of the company’s stock worth $98,000 after acquiring an additional 234 shares during the period. Legacy Wealth Asset Management LLC raised its stake in shares of Helios Technologies by 6.2% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,186 shares of the company’s stock valued at $224,000 after purchasing an additional 246 shares during the period. LPL Financial LLC lifted its position in shares of Helios Technologies by 5.1% during the fourth quarter. LPL Financial LLC now owns 5,689 shares of the company’s stock worth $304,000 after purchasing an additional 274 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Helios Technologies by 14.1% during the fourth quarter. Osaic Holdings Inc. now owns 2,942 shares of the company’s stock worth $158,000 after purchasing an additional 363 shares in the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of Helios Technologies by 6.9% in the fourth quarter. ProShare Advisors LLC now owns 6,065 shares of the company’s stock valued at $324,000 after purchasing an additional 391 shares during the period. 94.72% of the stock is currently owned by institutional investors and hedge funds.

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.