Helios Technologies (NASDAQ:HLIO) Director Douglas Britt sold 2,000 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of $45.50, for a total value of $91,000.00. Following the completion of the sale, the director now directly owns 9,500 shares of the company’s stock, valued at approximately $432,250. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.
HLIO stock traded down $0.97 during trading hours on Friday, hitting $44.93. 68,944 shares of the stock were exchanged, compared to its average volume of 61,763. The company has a current ratio of 2.57, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. Helios Technologies has a 12 month low of $32.49 and a 12 month high of $53.60. The firm has a market capitalization of $1.47 billion, a P/E ratio of 19.53 and a beta of 1.82. The company has a 50-day simple moving average of $45.43 and a two-hundred day simple moving average of $43.47.
Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings results on Tuesday, November 5th. The company reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.58 by $0.03. Helios Technologies had a return on equity of 14.36% and a net margin of 11.08%. The company had revenue of $138.00 million for the quarter, compared to analysts’ expectations of $136.74 million. During the same quarter last year, the business earned $0.62 earnings per share. Helios Technologies’s revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Helios Technologies will post 2.26 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, January 20th. Investors of record on Sunday, January 5th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date is Thursday, January 2nd. Helios Technologies’s payout ratio is currently 15.65%.
Several hedge funds and other institutional investors have recently modified their holdings of HLIO. Assetmark Inc. bought a new position in Helios Technologies in the second quarter valued at about $28,000. Kayne Anderson Rudnick Investment Management LLC bought a new position in Helios Technologies in the second quarter valued at about $33,000. Tower Research Capital LLC TRC bought a new position in Helios Technologies in the third quarter valued at about $37,000. NumerixS Investment Technologies Inc bought a new position in Helios Technologies in the second quarter valued at about $42,000. Finally, Quantamental Technologies LLC bought a new position in Helios Technologies in the second quarter valued at about $58,000. Institutional investors own 84.68% of the company’s stock.
Several brokerages have issued reports on HLIO. ValuEngine downgraded Helios Technologies from a “hold” rating to a “sell” rating in a report on Tuesday, December 24th. SunTrust Banks began coverage on Helios Technologies in a report on Tuesday, December 17th. They set a “hold” rating and a $48.00 price target for the company. Finally, Zacks Investment Research raised Helios Technologies from a “sell” rating to a “hold” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $44.67.
Helios Technologies Company Profile
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.