Helios Technologies (NASDAQ:HLIO) Sees Unusually-High Trading Volume – What’s Next?

Shares of Helios Technologies, Inc. (NASDAQ:HLIO) saw unusually-strong trading volume on Friday . Approximately 109,320 shares traded hands during mid-day 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 Ratings Changes

Separately, Stifel Nicolaus lowered their target price on shares of Helios Technologies from $64.00 to $63.00 and set a “buy” rating for the company in a report on Wednesday, October 16th.

Helios Technologies Price Performance

The stock has a market cap of $1.46 billion, a PE ratio of 38.99 and a beta of 0.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The business has a 50 day moving average price of $49.56 and a two-hundred day moving average price of $46.69.

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

Helios Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Friday, January 3rd will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Friday, January 3rd. Helios Technologies’s payout ratio is 31.86%.

Insider Transactions at Helios Technologies

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in HLIO. Barrow Hanley Mewhinney & Strauss LLC bought a new stake in shares of Helios Technologies in the second quarter valued at approximately $42,900,000. Thrivent Financial for Lutherans grew its stake in Helios Technologies by 30.8% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,820,140 shares of the company’s stock valued at $86,821,000 after buying an additional 428,110 shares in the last quarter. Diamond Hill Capital Management Inc. bought a new stake in Helios Technologies during the 3rd quarter valued at $13,633,000. Royce & Associates LP boosted its holdings in shares of Helios Technologies by 34.1% in the third quarter. Royce & Associates LP now owns 388,659 shares of the company’s stock worth $18,539,000 after acquiring an additional 98,900 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Helios Technologies by 4.4% in the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock worth $61,333,000 after acquiring an additional 54,205 shares during the period. Institutional investors own 94.72% of the company’s stock.

Helios Technologies Company Profile

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.