Bank of America Corp DE Sells 6,813 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Bank of America Corp DE cut its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 0.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 784,509 shares of the company’s stock after selling 6,813 shares during the period. Bank of America Corp DE owned 2.36% of Helios Technologies worth $35,020,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Ameriprise Financial Inc. raised its stake in shares of Helios Technologies by 16.8% in the fourth quarter. Ameriprise Financial Inc. now owns 157,551 shares of the company’s stock worth $7,033,000 after acquiring an additional 22,680 shares during the last quarter. Comerica Bank grew its position in shares of Helios Technologies by 1.3% during the 4th quarter. Comerica Bank now owns 161,610 shares of the company’s stock worth $7,214,000 after buying an additional 2,117 shares during the period. Northern Trust Corp grew its position in shares of Helios Technologies by 9.4% during the 4th quarter. Northern Trust Corp now owns 322,472 shares of the company’s stock worth $14,395,000 after buying an additional 27,718 shares during the period. Aquatic Capital Management LLC grew its position in shares of Helios Technologies by 148.8% during the 4th quarter. Aquatic Capital Management LLC now owns 3,732 shares of the company’s stock worth $167,000 after buying an additional 2,232 shares during the period. Finally, Voya Investment Management LLC grew its position in shares of Helios Technologies by 25.1% during the 4th quarter. Voya Investment Management LLC now owns 450,429 shares of the company’s stock worth $20,107,000 after buying an additional 90,362 shares during the period. 94.72% of the stock is owned by institutional investors.

Helios Technologies Stock Down 1.5%

Shares of NASDAQ:HLIO opened at $32.78 on Friday. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 29.01 and a beta of 1.22. The company has a 50 day moving average of $30.24 and a 200-day moving average of $40.64. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $57.29.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Tuesday, May 6th. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.36 by $0.08. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The business’s quarterly revenue was down 7.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.53 earnings per share. On average, sell-side analysts forecast that Helios Technologies, Inc. will post 2.06 earnings per share for the current year.

Helios Technologies declared that its Board of Directors has authorized a share buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 22nd. Investors of record on Friday, April 4th were issued a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.10%. The ex-dividend date of this dividend was Friday, April 4th. Helios Technologies’s dividend payout ratio is currently 32.43%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Helios Technologies from $35.00 to $39.00 and gave the stock a “buy” rating in a research report on Thursday, May 8th. Robert W. Baird lowered their price target on shares of Helios Technologies from $65.00 to $49.00 and set an “outperform” rating for the company in a research report on Thursday, May 8th.

Helios Technologies 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.