Rhumbline Advisers Purchases 726 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Rhumbline Advisers increased its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 1.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 50,612 shares of the company’s stock after acquiring an additional 726 shares during the quarter. Rhumbline Advisers’ holdings in Helios Technologies were worth $2,259,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in HLIO. Barclays PLC lifted its position in shares of Helios Technologies by 230.1% during the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock valued at $2,740,000 after buying an additional 40,048 shares during the last quarter. Stifel Financial Corp boosted its stake in Helios Technologies by 46.5% during the third quarter. Stifel Financial Corp now owns 50,547 shares of the company’s stock valued at $2,411,000 after buying an additional 16,041 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of Helios Technologies by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock worth $17,410,000 after purchasing an additional 38,307 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in Helios Technologies by 5,804.4% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock worth $32,182,000 after buying an additional 708,715 shares in the last quarter. Finally, Raymond James & Associates increased its stake in Helios Technologies by 31.6% in the third quarter. Raymond James & Associates now owns 73,272 shares of the company’s stock valued at $3,495,000 after acquiring an additional 17,611 shares during the last quarter. 94.72% of the stock is owned by hedge funds and other institutional investors.

Helios Technologies Stock Down 4.8 %

Shares of Helios Technologies stock opened at $37.55 on Tuesday. The company’s 50 day moving average price is $43.37 and its 200-day moving average price is $46.09. Helios Technologies, Inc. has a 52-week low of $37.04 and a 52-week high of $57.29. 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 stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of 33.23 and a beta of 0.87.

Helios Technologies declared that its Board of Directors has approved a stock buyback program on Monday, February 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s management believes its shares are undervalued.

Helios Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Shareholders of record on Friday, January 3rd were given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 0.96%. The ex-dividend date of this dividend was Friday, January 3rd. Helios Technologies’s payout ratio is 30.77%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus reduced their price target on shares of Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a research report on Wednesday, February 26th.

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.