Kennedy Capital Management LLC Invests $39.50 Million in Helios Technologies, Inc $HLIO

Kennedy Capital Management LLC acquired a new stake in Helios Technologies, Inc (NYSE:HLIO) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 757,786 shares of the company’s stock, valued at approximately $39,503,000. Helios Technologies makes up 0.9% of Kennedy Capital Management LLC’s portfolio, making the stock its 6th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. State of Alaska Department of Revenue bought a new stake in Helios Technologies in the third quarter valued at $96,000. CWM LLC increased its position in Helios Technologies by 14.2% in the 3rd quarter. CWM LLC now owns 1,886 shares of the company’s stock valued at $98,000 after buying an additional 234 shares in the last quarter. Tower Research Capital LLC TRC increased its position in Helios Technologies by 39.3% in the 2nd quarter. Tower Research Capital LLC TRC now owns 4,239 shares of the company’s stock valued at $141,000 after buying an additional 1,196 shares in the last quarter. Legacy Wealth Asset Management LLC acquired a new position in Helios Technologies during the 3rd quarter worth approximately $205,000. Finally, Inceptionr LLC acquired a new position in Helios Technologies during the 3rd quarter worth approximately $217,000. 94.72% of the stock is owned by institutional investors.

Helios Technologies Stock Performance

NYSE HLIO traded down $0.58 during trading hours on Friday, reaching $65.15. 26,412 shares of the company were exchanged, compared to its average volume of 351,304. The stock has a market capitalization of $2.16 billion, a P/E ratio of 44.89 and a beta of 1.26. The company has a quick ratio of 1.58, a current ratio of 2.90 and a debt-to-equity ratio of 0.39. Helios Technologies, Inc has a 1 year low of $24.76 and a 1 year high of $76.47. The business’s 50 day simple moving average is $67.67 and its 200-day simple moving average is $58.71.

Helios Technologies (NYSE:HLIO) last released its earnings results on Monday, March 2nd. The company reported $0.81 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. Helios Technologies had a net margin of 5.78% and a return on equity of 9.36%. During the same period in the previous year, the business earned $0.33 EPS. The company’s quarterly revenue was up 17.4% compared to the same quarter last year.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th were issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Wednesday, January 7th. Helios Technologies’s dividend payout ratio is 24.83%.

Wall Street Analysts Forecast Growth

HLIO has been the subject of a number of research reports. CJS Securities raised Helios Technologies to a “strong-buy” rating in a research note on Thursday, December 11th. Weiss Ratings reiterated a “hold (c)” rating on shares of Helios Technologies in a report on Monday, December 29th. JPMorgan Chase & Co. initiated coverage on shares of Helios Technologies in a research report on Tuesday, January 20th. They issued an “overweight” rating and a $80.00 price target for the company. Zacks Research upgraded shares of Helios Technologies from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, March 4th. Finally, Stifel Nicolaus raised their price objective on shares of Helios Technologies from $74.00 to $76.00 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Two investment analysts have rated the stock with a Strong Buy rating, four have given a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $71.75.

Helios Technologies Profile

Helios Technologies, Inc develops and manufactures engineered motion control and electronic control products for a wide range of industrial and mobile equipment applications. The company’s Hydraulics segment designs and produces hydraulic cartridge valves, manifold systems, pumps and motors, filtration solutions and off-highway joysticks. Its Electronic Controls segment offers programmable electronic control units, wireless telematics, human-machine interfaces and software to optimize performance, efficiency and safety for equipment OEMs and end users.

Through its global network of manufacturing facilities, service centers and technology centers, Helios Technologies serves markets in agriculture, construction, material handling, mining, municipal and recreational vehicles, as well as industrial automation and infrastructure equipment.