Intech Investment Management LLC Grows Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Intech Investment Management LLC raised its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 214.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,790 shares of the company’s stock after acquiring an additional 10,089 shares during the quarter. Intech Investment Management LLC’s holdings in Helios Technologies were worth $660,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in HLIO. Signaturefd LLC grew its holdings in Helios Technologies by 71.8% during the 4th quarter. Signaturefd LLC now owns 687 shares of the company’s stock valued at $31,000 after purchasing an additional 287 shares in the last quarter. King Luther Capital Management Corp boosted its position in Helios Technologies by 0.4% in the 4th quarter. King Luther Capital Management Corp now owns 70,733 shares of the company’s stock valued at $3,158,000 after buying an additional 291 shares during the last quarter. Inspire Investing LLC grew its stake in shares of Helios Technologies by 3.5% during the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock valued at $400,000 after acquiring an additional 301 shares in the last quarter. Empower Advisory Group LLC increased its position in shares of Helios Technologies by 10.0% during the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock worth $302,000 after acquiring an additional 615 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of Helios Technologies by 1.5% in the fourth quarter. Rhumbline Advisers now owns 50,612 shares of the company’s stock worth $2,259,000 after acquiring an additional 726 shares in the last quarter. Hedge funds and other institutional investors own 94.72% of the company’s stock.

Helios Technologies Trading Down 2.1 %

NASDAQ HLIO opened at $33.69 on Monday. The company’s fifty day moving average price is $40.65 and its two-hundred day moving average price is $45.32. The company has a market capitalization of $1.12 billion, a price-to-earnings ratio of 29.81 and a beta of 0.90. Helios Technologies, Inc. has a 12 month low of $33.10 and a 12 month high of $57.29. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54.

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

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be issued a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Friday, April 4th. Helios Technologies’s dividend payout ratio is currently 30.77%.

Wall Street Analyst Weigh In

Separately, Stifel Nicolaus dropped their price objective on Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th.

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.