According to Zacks, “Helios Technologies Inc. is an industrial technology company. It develops and manufactures hydraulic and electronic control solutions. The company’s operating subsidiaries includes Sun Hydraulics, Enovation Controls and Faster Group. Its operating business segment consists of Hydraulics and Electronics. Hydraulics segment includes material handling, construction equipment, agriculture, specialized vehicles and energy. Electronics segment provides electronic control solutions. Helios Technologies Inc., formerly known as Sun Hydraulics Corporation, is based in Sarasota, United States. “
Several other research firms also recently weighed in on HLIO. Morgan Stanley lowered their price target on shares of Helios Technologies from $107.00 to $97.00 and set an “equal weight” rating for the company in a research note on Friday, January 14th. Stifel Nicolaus lowered their price target on shares of Helios Technologies from $104.00 to $85.00 in a research note on Wednesday.
Shares of NASDAQ HLIO traded down $1.61 during mid-day trading on Friday, reaching $73.32. 68,632 shares of the company were exchanged, compared to its average volume of 121,187. Helios Technologies has a 52 week low of $67.01 and a 52 week high of $114.89. The company has a quick ratio of 1.32, a current ratio of 2.26 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $2.38 billion, a PE ratio of 22.70 and a beta of 1.18. The company’s 50 day moving average price is $83.90 and its 200 day moving average price is $89.04.
Helios Technologies (NASDAQ:HLIO – Get Rating) last posted its quarterly earnings data on Monday, February 28th. The company reported $1.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.19. Helios Technologies had a net margin of 12.03% and a return on equity of 21.01%. The company had revenue of $217.70 million during the quarter, compared to the consensus estimate of $204.80 million. During the same period in the previous year, the firm posted $0.60 EPS. The firm’s revenue was up 43.6% compared to the same quarter last year. On average, sell-side analysts predict that Helios Technologies will post 4.43 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. BlackRock Inc. increased its position in shares of Helios Technologies by 1.3% during the fourth quarter. BlackRock Inc. now owns 2,067,293 shares of the company’s stock valued at $217,417,000 after buying an additional 26,859 shares during the period. Conestoga Capital Advisors LLC increased its position in shares of Helios Technologies by 8.2% during the fourth quarter. Conestoga Capital Advisors LLC now owns 1,623,676 shares of the company’s stock valued at $170,762,000 after buying an additional 123,555 shares during the period. Sara Bay Financial increased its position in shares of Helios Technologies by 17.0% during the fourth quarter. Sara Bay Financial now owns 1,159,455 shares of the company’s stock valued at $121,940,000 after buying an additional 168,674 shares during the period. State Street Corp increased its position in shares of Helios Technologies by 1.7% during the fourth quarter. State Street Corp now owns 634,665 shares of the company’s stock valued at $66,748,000 after buying an additional 10,571 shares during the period. Finally, Thrivent Financial for Lutherans increased its position in shares of Helios Technologies by 4.6% during the second quarter. Thrivent Financial for Lutherans now owns 602,007 shares of the company’s stock valued at $46,987,000 after buying an additional 26,551 shares during the period. 90.86% of the stock is owned by hedge funds and other institutional investors.
Helios Technologies Company Profile (Get Rating)
Helios Technologies, Inc engages in the development and manufacture of motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. It operates through the Hydraulics and Electronics segments.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]
Before you consider Helios Technologies, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Helios Technologies wasn’t on the list.
While Helios Technologies currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.