Stifel Nicolaus Issues Pessimistic Forecast for Helios Technologies (NASDAQ:HLIO) Stock Price

Helios Technologies (NASDAQ:HLIO) had its target price cut by research analysts at Stifel Nicolaus from $63.00 to $60.00 in a report released on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 36.52% from the company’s current price.

Helios Technologies Price Performance

HLIO stock opened at $43.95 on Friday. 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 firm has a 50 day moving average price of $48.16 and a 200-day moving average price of $46.53. Helios Technologies has a 52-week low of $39.08 and a 52-week high of $57.29. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 38.90 and a beta of 0.88.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. The firm had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The business’s revenue was down 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.44 earnings per share. Equities research analysts forecast that Helios Technologies will post 2.14 EPS for the current fiscal year.

Insider Activity

In other news, Director Diana Sacchi sold 615 shares of the stock in a transaction on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the transaction, the director now directly owns 3,636 shares of the company’s stock, valued at $196,016.76. This represents a 14.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Conestoga Capital Advisors LLC increased its holdings in Helios Technologies by 15.5% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock valued at $88,679,000 after buying an additional 266,127 shares during the last quarter. Inspire Investing LLC lifted its position in Helios Technologies by 3.5% during the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock valued at $400,000 after purchasing an additional 301 shares in the last quarter. SG Americas Securities LLC grew its holdings in Helios Technologies by 16.0% during the fourth quarter. SG Americas Securities LLC now owns 13,479 shares of the company’s stock valued at $602,000 after purchasing an additional 1,863 shares during the period. Ameritas Advisory Services LLC purchased a new stake in Helios Technologies in the fourth quarter worth about $315,000. Finally, Sara Bay Financial raised its stake in shares of Helios Technologies by 25.5% in the fourth quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock worth $54,080,000 after buying an additional 247,088 shares during the period. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Company Profile

Helios Technologies, Inc, together with its subsidiaries, provides engineered motion control and electronic control technology solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Hydraulics and Electronics. The Hydraulics segment offers cartridge valve technology products to control rates and direction of fluid flow, and to regulate and control pressures for industrial and mobile applications; hydraulic quick release coupling solutions for the agriculture, construction equipment, and industrial markets; motion control technology and fluid conveyance technology; cartridge valve technology; engineered solutions for machine users, manufacturers, or designers.