Helios Technologies (NASDAQ:HLIO) Sees Large Volume Increase – What’s Next?

Helios Technologies, Inc. (NASDAQ:HLIO) shares saw strong trading volume on Friday . 109,320 shares traded hands during trading, a decline of 28% from the previous session’s volume of 151,498 shares.The stock last traded at $45.07 and had previously closed at $46.10.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their price objective on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research report on Wednesday, October 16th.

Helios Technologies Stock Performance

The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The firm has a market cap of $1.46 billion, a price-to-earnings ratio of 38.73 and a beta of 0.88. The business’s 50-day simple moving average is $49.64 and its two-hundred day simple moving average is $46.73.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.54 by $0.05. The business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period last year, the firm posted $0.44 earnings per share. As a group, sell-side analysts expect that Helios Technologies, Inc. will post 2.14 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 20th. Investors of record on Friday, January 3rd will be given a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Friday, January 3rd. Helios Technologies’s payout ratio is currently 31.86%.

Insider Buying and Selling at Helios Technologies

In other news, Director Diana Sacchi sold 615 shares of Helios Technologies stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total transaction of $33,154.65. Following the sale, the director now owns 3,636 shares of the company’s stock, valued at approximately $196,016.76. The trade was a 14.47 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Helios Technologies

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. nVerses Capital LLC increased its holdings in Helios Technologies by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock valued at $57,000 after purchasing an additional 800 shares during the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Helios Technologies during the second quarter worth $110,000. Truvestments Capital LLC acquired a new stake in shares of Helios Technologies in the third quarter valued at $179,000. Stephens Inc. AR purchased a new stake in shares of Helios Technologies in the 3rd quarter valued at $205,000. Finally, Squarepoint Ops LLC acquired a new position in Helios Technologies during the 2nd quarter worth about $216,000. Hedge funds and other institutional investors own 94.72% of the company’s stock.

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.