1 week Ago By ABMN Staff
Norges Bank purchased a new position in Helios Technologies, Inc. ( NASDAQ:HLIO – Free Report ) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 86,297 shares of the company’s stock, valued at approximately $3,852,000.
Other large investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Helios Technologies by 0.
4% in the fourth quarter. Vanguard Group Inc. now owns 3,328,127 shares of the company’s stock valued at $148,568,000 after acquiring an additional 13,059 shares in the last quarter.
Conestoga Capital Advisors LLC increased its position in shares of Helios Technologies by 15.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock valued at $88,679,000 after purchasing an additional 266,127 shares during the last quarter.
Thrivent Financial for Lutherans increased its position in shares of Helios Technologies by 1.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 1,841,823 shares of the company’s stock valued at $82,219,000 after purchasing an additional 21,683 shares during the last quarter.
Sara Bay Financial raised its holdings in shares of Helios Technologies by 25.5% in the 4th quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock valued at $54,080,000 after purchasing an additional 247,088 shares in the last quarter.
Finally, State Street Corp lifted its position in shares of Helios Technologies by 0.6% during the 3rd quarter. State Street Corp now owns 773,777 shares of the company’s stock worth $36,909,000 after purchasing an additional 4,699 shares during the last quarter.
Hedge funds and other institutional investors own 94.72% of the company’s stock. Helios Technologies Price Performance Shares of NASDAQ HLIO opened at $26.
92 on Friday. The stock’s 50-day simple moving average is $36.09 and its 200-day simple moving average is $43.
92. The firm has a market capitalization of $896.36 million, a PE ratio of 23.
82 and a beta of 1.03. Helios Technologies, Inc.
has a fifty-two week low of $24.76 and a fifty-two week high of $57.29.
The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.
03. Helios Technologies Dividend Announcement Helios Technologies declared that its board has approved a share buyback plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in outstanding shares.
This repurchase authorization authorizes the company to purchase up to 7.8% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its stock is undervalued.
Analyst Upgrades and Downgrades Separately, Stifel Nicolaus dropped their target price on Helios Technologies from $60.00 to $58.00 and set a “buy” rating on the stock in a report on Wednesday, February 26th.
View Our Latest Research Report on HLIO About Helios Technologies ( Free Report ) 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.
Recommended Stories Want to see what other hedge funds are holding HLIO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Helios Technologies, Inc. ( NASDAQ:HLIO – Free Report ).
Receive News & Ratings for Helios Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Helios Technologies and related companies with MarketBeat.com's FREE daily email newsletter ..
