Royal Bank of Canada Buys Shares of 515,721 Helios Technologies (NASDAQ:HLIO)

Royal Bank of Canada bought a new stake in shares of Helios Technologies (NASDAQ:HLIO) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 515,721 shares of the company’s stock, valued at approximately $23,934,000. Royal Bank of Canada owned 1.61% of Helios Technologies at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Xact Kapitalforvaltning AB acquired a new position in shares of Helios Technologies in the 2nd quarter worth approximately $249,000. Nisa Investment Advisors LLC bought a new position in Helios Technologies during the second quarter valued at approximately $558,000. Truvestments Capital LLC bought a new position in Helios Technologies during the second quarter valued at approximately $174,000. Allred Capital Management LLC bought a new position in Helios Technologies during the second quarter valued at approximately $229,000. Finally, Baldwin Brothers Inc. MA bought a new position in Helios Technologies during the second quarter valued at approximately $470,000. 84.53% of the stock is currently owned by hedge funds and other institutional investors.

A number of research firms have recently commented on HLIO. Morgan Stanley set a $40.00 price target on shares of Helios Technologies and gave the company a “hold” rating in a research report on Friday, August 9th. Stifel Nicolaus dropped their price target on shares of Helios Technologies from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. Zacks Investment Research lowered shares of Helios Technologies from a “hold” rating to a “sell” rating in a research report on Thursday, August 15th. Finally, ValuEngine lowered shares of Helios Technologies from a “hold” rating to a “sell” rating in a research report on Tuesday.

HLIO stock traded down $0.39 on Friday, reaching $37.43. 481 shares of the company were exchanged, compared to its average volume of 89,013. Helios Technologies has a 12 month low of $30.79 and a 12 month high of $54.35. The company has a fifty day simple moving average of $41.73. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 16.28 and a beta of 1.81. The company has a quick ratio of 1.34, a current ratio of 2.51 and a debt-to-equity ratio of 0.61.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, August 5th. The company reported $0.65 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.64 by $0.01. Helios Technologies had a net margin of 10.91% and a return on equity of 13.56%. The business had revenue of $143.84 million for the quarter, compared to analyst estimates of $146.64 million. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Helios Technologies’s revenue was up 5.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Helios Technologies will post 2.42 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Stockholders of record on Saturday, October 5th will be paid a $0.09 dividend. The ex-dividend date of this dividend is Thursday, October 3rd. This represents a $0.36 annualized dividend and a dividend yield of 0.96%. Helios Technologies’s dividend payout ratio is presently 15.65%.

In related news, Director Christine L. Koski sold 5,000 shares of the company’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $48.00, for a total transaction of $240,000.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Christine L. Koski sold 3,100 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $49.03, for a total transaction of $151,993.00. The disclosure for this sale can be found here. Insiders sold a total of 18,100 shares of company stock worth $837,993 in the last 90 days. 6.30% of the stock is owned by corporate insiders.

Helios Technologies Company Profile

Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.

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Institutional Ownership by Quarter for Helios Technologies (NASDAQ:HLIO)

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