Rhumbline Advisers Purchases 4,026 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Rhumbline Advisers raised its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 8.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 52,041 shares of the company’s stock after purchasing an additional 4,026 shares during the quarter. Rhumbline Advisers’ holdings in Helios Technologies were worth $2,485,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Helios Technologies by 2.8% during the 4th quarter. Vanguard Group Inc. now owns 3,218,839 shares of the company’s stock valued at $145,974,000 after acquiring an additional 88,656 shares during the period. Sei Investments Co. grew its stake in shares of Helios Technologies by 16.1% during the 1st quarter. Sei Investments Co. now owns 117,032 shares of the company’s stock valued at $5,230,000 after acquiring an additional 16,204 shares during the period. Cardinal Capital Management bought a new position in shares of Helios Technologies during the 1st quarter valued at approximately $834,000. Brown Capital Management LLC grew its stake 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 period. Finally, Silvercrest Asset Management Group LLC grew its stake in shares of Helios Technologies by 24.7% during the 1st quarter. Silvercrest Asset Management Group LLC now owns 184,915 shares of the company’s stock valued at $8,264,000 after acquiring an additional 36,676 shares during the period. 94.72% of the stock is currently owned by institutional investors.

Helios Technologies Trading Up 1.6 %

Shares of NASDAQ:HLIO opened at $43.38 on Thursday. The stock has a 50 day moving average of $43.50 and a 200 day moving average of $45.64. The company has a market cap of $1.44 billion, a PE ratio of 43.38 and a beta of 0.83. The company has a current ratio of 2.92, a quick ratio of 1.49 and a debt-to-equity ratio of 0.56. Helios Technologies, Inc. has a 12-month low of $37.50 and a 12-month high of $56.42.

Helios Technologies (NASDAQ:HLIO) last announced its quarterly earnings data on Monday, August 5th. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The business had revenue of $219.90 million during the quarter, compared to analyst estimates of $215.80 million. During the same period last year, the firm posted $0.81 EPS. The company’s revenue was down 3.4% on a year-over-year basis. As a group, equities research analysts expect that Helios Technologies, Inc. will post 2.38 EPS for the current year.

Wall Street Analyst Weigh In

Separately, KeyCorp downgraded Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th.

Helios Technologies 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.