Y Intercept Hong Kong Ltd Has $332,000 Stock Position in Helios Technologies, Inc. $HLIO

Y Intercept Hong Kong Ltd cut its stake in Helios Technologies, Inc. (NASDAQ:HLIO) by 74.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 6,374 shares of the company’s stock after selling 19,047 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Helios Technologies were worth $332,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in HLIO. GHP Investment Advisors Inc. raised its position in shares of Helios Technologies by 5.5% during the third quarter. GHP Investment Advisors Inc. now owns 41,370 shares of the company’s stock valued at $2,157,000 after buying an additional 2,155 shares during the last quarter. State of Alaska Department of Revenue acquired a new stake in Helios Technologies during the third quarter worth about $96,000. SG Americas Securities LLC bought a new position in Helios Technologies during the third quarter valued at about $644,000. KLP Kapitalforvaltning AS raised its holdings in Helios Technologies by 17.5% in the 3rd quarter. KLP Kapitalforvaltning AS now owns 7,400 shares of the company’s stock valued at $386,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Helios Technologies by 28.1% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 775,417 shares of the company’s stock valued at $40,422,000 after acquiring an additional 170,050 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Price Performance

Shares of HLIO stock opened at $70.70 on Thursday. The stock’s fifty day simple moving average is $58.94 and its 200 day simple moving average is $53.93. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The firm has a market cap of $2.34 billion, a price-to-earnings ratio of 62.57 and a beta of 1.29. Helios Technologies, Inc. has a one year low of $24.76 and a one year high of $71.86.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings data on Monday, November 3rd. The company reported $0.72 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.66 by $0.06. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%.The firm’s quarterly revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. On average, analysts expect that Helios Technologies, Inc. will post 2.06 earnings per share for the current fiscal year.

Helios Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 21st. Investors of record on Wednesday, January 7th were given a dividend of $0.09 per share. The ex-dividend date was Wednesday, January 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. Helios Technologies’s dividend payout ratio (DPR) is 35.64%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. Stifel Nicolaus lifted their price objective on Helios Technologies from $65.00 to $74.00 and gave the stock a “buy” rating in a report on Friday, January 23rd. JPMorgan Chase & Co. started coverage on shares of Helios Technologies in a research note on Tuesday, January 20th. They set an “overweight” rating and a $80.00 price target on the stock. Finally, KeyCorp increased their price objective on shares of Helios Technologies from $64.00 to $74.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Four equities research analysts have rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target of $69.25.

Helios Technologies Company Profile

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.