Helios Technologies (NASDAQ:HLIO) Given New $60.00 Price Target at Stifel Nicolaus

Helios Technologies (NASDAQ:HLIO) had its price objective dropped by stock analysts at Stifel Nicolaus from $63.00 to $60.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target indicates a potential upside of 35.04% from the stock’s current price.

Helios Technologies Price Performance

Helios Technologies stock traded down $0.42 during trading hours on Friday, reaching $44.43. 19,091 shares of the stock were exchanged, compared to its average volume of 164,684. The company has a market cap of $1.48 billion, a P/E ratio of 39.30 and a beta of 0.88. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. Helios Technologies has a twelve month low of $39.08 and a twelve month high of $57.29. The stock has a 50 day moving average of $48.39 and a two-hundred day moving average of $46.52.

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, topping analysts’ consensus estimates of $0.54 by $0.05. The firm 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 business’s revenue for the quarter was down 3.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.44 earnings per share. Equities analysts expect that Helios Technologies will post 2.14 EPS for the current fiscal year.

Insider Activity at Helios Technologies

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. nVerses Capital LLC lifted its position in shares of Helios Technologies by 200.0% in the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock worth $57,000 after purchasing an additional 800 shares during the period. Canada Pension Plan Investment Board acquired a new position in shares of Helios Technologies in the 2nd quarter worth approximately $110,000. Truvestments Capital LLC acquired a new position in shares of Helios Technologies in the 3rd quarter worth approximately $179,000. Stephens Inc. AR acquired a new position in shares of Helios Technologies in the 3rd quarter worth approximately $205,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Helios Technologies during the 2nd quarter valued at $216,000. Institutional investors and hedge funds 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.