HLIO has been the topic of several other research reports. Zacks Investment Research raised Helios Technologies from a sell rating to a hold rating in a report on Tuesday, October 15th. Stifel Nicolaus lowered their price target on Helios Technologies from $48.00 to $46.00 and set a hold rating on the stock in a report on Monday, July 15th. Finally, Morgan Stanley set a $40.00 price target on Helios Technologies and gave the company a hold rating in a report on Friday, August 9th.
HLIO traded down $0.93 during trading on Wednesday, reaching $44.78. 18,892 shares of the company were exchanged, compared to its average volume of 66,998. The company has a 50-day simple moving average of $42.34. The stock has a market cap of $1.46 billion, a P/E ratio of 19.47 and a beta of 1.79. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.40 and a current ratio of 2.57. Helios Technologies has a 12-month low of $30.79 and a 12-month high of $53.60.
Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.03. Helios Technologies had a return on equity of 14.36% and a net margin of 11.08%. The business had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $136.74 million. During the same quarter in the prior year, the firm posted $0.62 EPS. The firm’s quarterly revenue was up 1.6% on a year-over-year basis. Equities analysts predict that Helios Technologies will post 2.26 earnings per share for the current year.
In related news, Director Christine L. Koski sold 6,421 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $45.34, for a total transaction of $291,128.14. Following the transaction, the director now directly owns 58,481 shares of the company’s stock, valued at approximately $2,651,528.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Christine L. Koski sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 10th. The shares were sold at an average price of $44.60, for a total value of $446,000.00. Company insiders own 6.30% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of HLIO. Assetmark Inc. bought a new position in Helios Technologies during the 2nd quarter worth approximately $28,000. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Helios Technologies in the 2nd quarter worth approximately $33,000. Tower Research Capital LLC TRC bought a new stake in shares of Helios Technologies in the 3rd quarter worth approximately $37,000. NumerixS Investment Technologies Inc bought a new stake in shares of Helios Technologies in the 2nd quarter worth approximately $42,000. Finally, Quantamental Technologies LLC bought a new stake in shares of Helios Technologies in the 2nd quarter worth approximately $58,000. Institutional investors and hedge funds own 84.68% of the company’s stock.
About Helios Technologies
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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