11,577 Shares in Helios Technologies, Inc. (NASDAQ:HLIO) Purchased by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC acquired a new stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) during the fourth quarter, HoldingsChannel.com reports. The firm acquired 11,577 shares of the company’s stock, valued at approximately $517,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Intech Investment Management LLC purchased a new stake in shares of Helios Technologies in the third quarter valued at $224,000. Charles Schwab Investment Management Inc. grew its holdings in Helios Technologies by 11.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock valued at $17,410,000 after purchasing an additional 38,307 shares during the last quarter. BNP Paribas Financial Markets raised its position in Helios Technologies by 20.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 13,111 shares of the company’s stock worth $625,000 after purchasing an additional 2,190 shares during the period. Rockefeller Capital Management L.P. lifted its stake in Helios Technologies by 60.1% in the third quarter. Rockefeller Capital Management L.P. now owns 53,959 shares of the company’s stock worth $2,574,000 after purchasing an additional 20,250 shares during the last quarter. Finally, Stifel Financial Corp boosted its position in shares of 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. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Helios Technologies Stock Down 4.5 %

NASDAQ:HLIO opened at $26.45 on Friday. The company has a market cap of $880.78 million, a price-to-earnings ratio of 23.41 and a beta of 1.03. Helios Technologies, Inc. has a twelve month low of $24.90 and a twelve month high of $57.29. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The stock has a fifty day simple moving average of $38.13 and a 200-day simple moving average of $44.63.

Helios Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. Helios Technologies’s payout ratio is 30.77%.

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

About Helios Technologies

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.