Helios Technologies (NYSE:HLIO) Rating Lowered to Buy at Wall Street Zen

Helios Technologies (NYSE:HLIO) was downgraded by equities researchers at Wall Street Zen from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

A number of other equities research analysts have also weighed in on HLIO. Stifel Nicolaus boosted their price objective on Helios Technologies from $89.00 to $93.00 and gave the stock a “buy” rating in a research report on Monday, July 20th. KeyCorp increased their target price on Helios Technologies from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Monday, July 13th. Zacks Research lowered Helios Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 21st. Robert W. Baird boosted their price target on Helios Technologies from $81.00 to $85.00 and gave the stock an “outperform” rating in a report on Wednesday, May 13th. Finally, JPMorgan Chase & Co. upped their price objective on Helios Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a research note on Tuesday, May 26th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $93.25.

Helios Technologies Stock Performance

Shares of Helios Technologies stock opened at $83.43 on Friday. Helios Technologies has a fifty-two week low of $47.01 and a fifty-two week high of $95.05. The company has a debt-to-equity ratio of 0.37, a current ratio of 2.86 and a quick ratio of 1.58. The firm has a market capitalization of $2.76 billion, a P/E ratio of 45.84 and a beta of 1.27. The company’s 50 day moving average price is $83.16 and its two-hundred day moving average price is $74.77.

Helios Technologies (NYSE:HLIO) last posted its earnings results on Monday, May 11th. The company reported $0.80 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.12. Helios Technologies had a net margin of 6.98% and a return on equity of 10.49%. The firm had revenue of $228.40 million for the quarter. During the same period in the previous year, the firm posted $0.44 EPS. The business’s quarterly revenue was up 16.8% compared to the same quarter last year. On average, equities analysts forecast that Helios Technologies will post 2.9 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Helios Technologies news, insider Matteo Arduini sold 6,027 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $90.42, for a total value of $544,961.34. Following the sale, the insider owned 11,317 shares in the company, valued at approximately $1,023,283.14. The trade was a 34.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Over the last 90 days, insiders sold 13,027 shares of company stock worth $1,134,121. 0.50% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Helios Technologies

A number of hedge funds have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Helios Technologies during the 2nd quarter worth approximately $231,414,000. Wellington Management Group LLP increased its position in shares of Helios Technologies by 114.9% during the fourth quarter. Wellington Management Group LLP now owns 1,997,527 shares of the company’s stock worth $106,848,000 after buying an additional 1,067,846 shares during the period. Jennison Associates LLC acquired a new stake in shares of Helios Technologies during the fourth quarter worth $42,583,000. Arrowstreet Capital Limited Partnership raised its stake in Helios Technologies by 106.6% during the third quarter. Arrowstreet Capital Limited Partnership now owns 594,361 shares of the company’s stock worth $30,984,000 after buying an additional 306,659 shares during the last quarter. Finally, Wasatch Advisors LP lifted its holdings in Helios Technologies by 35.4% in the first quarter. Wasatch Advisors LP now owns 799,008 shares of the company’s stock valued at $51,704,000 after buying an additional 208,823 shares during the period. 94.72% of the stock is currently owned by institutional investors.

Helios Technologies Company 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.