Dynamic Technology Lab Private Ltd Takes $905,000 Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Dynamic Technology Lab Private Ltd bought a new position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) in the fourth quarter, Holdings Channel reports. The institutional investor bought 20,280 shares of the company’s stock, valued at approximately $905,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its holdings in Helios Technologies by 43.2% during the 4th quarter. Wells Fargo & Company MN now owns 17,055 shares of the company’s stock valued at $761,000 after purchasing an additional 5,147 shares in the last quarter. Trexquant Investment LP acquired a new position in Helios Technologies during the 4th quarter worth about $779,000. Norges Bank bought a new stake in Helios Technologies during the 4th quarter worth about $3,852,000. JPMorgan Chase & Co. grew its holdings in Helios Technologies by 94.4% during the 4th quarter. JPMorgan Chase & Co. now owns 115,542 shares of the company’s stock worth $5,158,000 after acquiring an additional 56,113 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Helios Technologies by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock worth $148,568,000 after acquiring an additional 13,059 shares during the last quarter. 94.72% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price target on shares of Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a research note on Wednesday, February 26th.

Helios Technologies Trading Down 4.5 %

HLIO stock opened at $26.45 on Monday. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a twelve month low of $24.90 and a twelve month high of $57.29. The company has a market cap of $880.78 million, a P/E ratio of 23.41 and a beta of 1.03. The business has a fifty day moving average of $38.13 and a 200-day moving average of $44.66.

Helios Technologies announced that its board has authorized a share buyback program on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to purchase up to 7.8% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

Helios Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Shareholders of record on Friday, April 4th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a yield of 1.36%. Helios Technologies’s payout ratio is presently 30.77%.

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.