Stifel Nicolaus Has Lowered Expectations for Helios Technologies (NASDAQ:HLIO) Stock Price

Helios Technologies (NASDAQ:HLIO) had its price target dropped by analysts at Stifel Nicolaus from $63.00 to $60.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Stifel Nicolaus’ price target would suggest a potential upside of 36.52% from the stock’s previous close.

Helios Technologies Stock Down 2.0 %

Shares of NASDAQ HLIO opened at $43.95 on Friday. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. Helios Technologies has a 12-month low of $39.08 and a 12-month high of $57.29. The firm’s 50-day moving average price is $48.16 and its 200-day moving average price is $46.53. The stock has a market capitalization of $1.46 billion, a price-to-earnings ratio of 38.90 and a beta of 0.88.

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 business had revenue of $194.50 million for the quarter, compared to the consensus estimate of $196.41 million. Helios Technologies had a return on equity of 8.22% and a net margin of 4.57%. The company’s quarterly revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the business posted $0.44 earnings per share. On average, equities research analysts anticipate that Helios Technologies will post 2.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Diana Sacchi sold 615 shares of the firm’s stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $53.91, for a total transaction of $33,154.65. Following the completion of the sale, the director now directly owns 3,636 shares of the company’s stock, valued at approximately $196,016.76. This trade represents a 14.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by corporate insiders.

Institutional Trading of Helios Technologies

Several institutional investors and hedge funds have recently made changes to their positions in the business. Inspire Investing LLC increased its stake in Helios Technologies by 3.5% in the 4th quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock worth $400,000 after buying an additional 301 shares during the period. Central Pacific Bank Trust Division grew its stake in Helios Technologies by 9.9% in the 3rd quarter. Central Pacific Bank Trust Division now owns 6,498 shares of the company’s stock worth $310,000 after acquiring an additional 586 shares in the last quarter. King Luther Capital Management Corp increased its position in shares of Helios Technologies by 1.0% during the third quarter. King Luther Capital Management Corp now owns 70,442 shares of the company’s stock worth $3,360,000 after acquiring an additional 704 shares during the period. nVerses Capital LLC increased its position in shares of 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 during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Helios Technologies by 13.1% during the third quarter. Handelsbanken Fonder AB now owns 7,758 shares of the company’s stock valued at $370,000 after acquiring an additional 900 shares in the last quarter. 94.72% of the stock is currently 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.