Helios Technologies (NASDAQ:HLIO) Hits New 12-Month High – What’s Next?

by · The Cerbat Gem

Helios Technologies, Inc. (NASDAQ:HLIOGet Free Report)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $73.88 and last traded at $73.72, with a volume of 39539 shares changing hands. The stock had previously closed at $72.52.

Analysts Set New Price Targets

HLIO has been the topic of several recent research reports. KeyCorp raised their price objective on shares of Helios Technologies from $64.00 to $74.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. JPMorgan Chase & Co. initiated coverage on shares of Helios Technologies in a report on Tuesday, January 20th. They set an “overweight” rating and a $80.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Helios Technologies from $65.00 to $74.00 and gave the company a “buy” rating in a research note on Friday, January 23rd. Four analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Helios Technologies has a consensus rating of “Buy” and an average price target of $69.25.

Read Our Latest Stock Analysis on Helios Technologies

Helios Technologies Stock Performance

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 firm has a 50 day moving average of $60.81 and a two-hundred day moving average of $55.17. The stock has a market cap of $2.45 billion, a P/E ratio of 65.42 and a beta of 1.30.

Helios Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 21st. Shareholders of record on Wednesday, January 7th were given a $0.09 dividend. The ex-dividend date was Wednesday, January 7th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.5%. Helios Technologies’s dividend payout ratio (DPR) is currently 35.64%.

Institutional Investors Weigh In On Helios Technologies

Institutional investors have recently bought and sold shares of the business. Jennison Associates LLC bought a new position in shares of Helios Technologies during the 4th quarter worth about $42,583,000. Kennedy Capital Management LLC acquired a new stake in Helios Technologies during the third quarter valued at approximately $39,503,000. William Blair Investment Management LLC bought a new stake in shares of Helios Technologies in the 2nd quarter valued at approximately $21,036,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Helios Technologies by 106.6% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 594,361 shares of the company’s stock worth $30,984,000 after buying an additional 306,659 shares in the last quarter. Finally, Victory Capital Management Inc. bought a new position in shares of Helios Technologies during the 3rd quarter worth approximately $14,598,000. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Company Profile

(Get Free Report)

Helios Technologies, Inc is a global designer, manufacturer and distributor of highly engineered motion and electronic controls solutions. Headquartered in Sarasota, Florida, the company serves original equipment manufacturers (OEMs) across mobile and industrial end markets, including agriculture, construction, material handling, oil and gas, and renewable energy. Established in 2018 through a carve-out of established hydraulic and electronic control businesses, Helios has rapidly built scale through strategic acquisitions, broadening its product portfolio and geographic reach.

The company’s Motion Technologies segment offers a comprehensive suite of hydraulic products, including gear pumps, piston pumps and motors, directional and proportional valves, cylinders, reservoirs, filtration systems and accumulators.

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