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

Helios Technologies (NASDAQ:HLIO) had its price target cut by equities researchers at Stifel Nicolaus from $63.00 to $60.00 in a note issued to investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Stifel Nicolaus’ price target suggests a potential upside of 35.04% from the company’s current price.

Helios Technologies Trading Down 0.9 %

Shares of HLIO traded down $0.42 on Friday, reaching $44.43. 19,091 shares of the company’s stock were exchanged, compared to its average volume of 164,684. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. The stock has a market capitalization of $1.48 billion, a P/E ratio of 39.30 and a beta of 0.88. The business has a 50 day moving average price of $48.39 and a two-hundred day moving average price of $46.52. Helios Technologies has a 12 month low of $39.08 and a 12 month high of $57.29.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.05. The firm had revenue of $194.50 million during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the company earned $0.44 earnings per share. Research analysts anticipate that Helios Technologies will post 2.14 earnings per share for the current year.

Insider Activity

In related news, Director Diana Sacchi sold 615 shares of the stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the transaction, the director now owns 3,636 shares in the company, valued at approximately $196,016.76. This represents a 14.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

Institutional Trading of Helios Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in HLIO. nVerses Capital LLC raised its position in Helios Technologies by 200.0% during the third quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock worth $57,000 after acquiring an additional 800 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in Helios Technologies during the second quarter worth $110,000. Truvestments Capital LLC bought a new stake in Helios Technologies during the third quarter worth $179,000. Stephens Inc. AR bought a new stake in Helios Technologies during the third quarter worth $205,000. Finally, Squarepoint Ops LLC bought a new stake in Helios Technologies during the second quarter worth $216,000. 94.72% of the stock is owned by institutional investors.

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.