Helios Technologies (NASDAQ:HLIO) Downgraded to “Sector Weight” at KeyCorp

KeyCorp cut shares of Helios Technologies (NASDAQ:HLIO) from an overweight rating to a sector weight rating in a research report released on Tuesday morning, MarketBeat reports. KeyCorp also issued estimates for Helios Technologies’ Q2 2024 earnings at $0.59 EPS, Q3 2024 earnings at $0.69 EPS, Q4 2024 earnings at $0.62 EPS, FY2024 earnings at $2.42 EPS and FY2025 earnings at $2.87 EPS.

Helios Technologies Stock Up 0.0 %

NASDAQ HLIO opened at $43.99 on Tuesday. The company has a current ratio of 2.83, a quick ratio of 1.35 and a debt-to-equity ratio of 0.58. The stock’s 50 day moving average is $48.62 and its two-hundred day moving average is $45.45. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 43.99 and a beta of 0.85. Helios Technologies has a 1-year low of $37.50 and a 1-year high of $67.31.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Wednesday, May 8th. The company reported $0.53 EPS for the quarter, topping the consensus estimate of $0.45 by $0.08. The business had revenue of $212.00 million for the quarter, compared to the consensus estimate of $205.61 million. Helios Technologies had a return on equity of 8.37% and a net margin of 3.93%. Helios Technologies’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.72 EPS. Equities analysts forecast that Helios Technologies will post 2.49 earnings per share for the current fiscal year.

Helios Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Friday, July 5th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.82%. The ex-dividend date of this dividend is Friday, July 5th. Helios Technologies’s payout ratio is currently 36.00%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wasatch Advisors LP raised its position in Helios Technologies by 8.7% in the 1st quarter. Wasatch Advisors LP now owns 4,169,735 shares of the company’s stock worth $186,345,000 after purchasing an additional 334,606 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Helios Technologies by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock valued at $144,966,000 after acquiring an additional 24,975 shares during the last quarter. Brown Capital Management LLC raised its position in shares of Helios Technologies by 7.0% during the 4th quarter. Brown Capital Management LLC now owns 3,114,144 shares of the company’s stock valued at $141,226,000 after acquiring an additional 204,613 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Helios Technologies by 125.6% during the 4th quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock valued at $114,465,000 after acquiring an additional 1,405,098 shares during the last quarter. Finally, Conestoga Capital Advisors LLC raised its position in shares of Helios Technologies by 3.3% during the 4th quarter. Conestoga Capital Advisors LLC now owns 2,007,758 shares of the company’s stock valued at $91,052,000 after acquiring an additional 64,712 shares during the last quarter. 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.