Stifel Nicolaus Cuts Helios Technologies (NASDAQ:HLIO) Price Target to $63.00

Helios Technologies (NASDAQ:HLIO) had its target price decreased by investment analysts at Stifel Nicolaus from $64.00 to $63.00 in a note issued to investors on Wednesday, Benzinga reports. The firm currently has a “buy” rating on the stock. Stifel Nicolaus’ price target points to a potential upside of 27.89% from the company’s current price.

Separately, KeyCorp downgraded Helios Technologies from an “overweight” rating to a “sector weight” rating in a report on Tuesday, July 9th.

Helios Technologies Stock Down 0.1 %

Shares of NASDAQ HLIO traded down $0.07 during mid-day trading on Wednesday, reaching $49.26. 4,487 shares of the company were exchanged, compared to its average volume of 206,590. Helios Technologies has a 1 year low of $37.50 and a 1 year high of $55.53. The firm has a 50-day moving average of $44.27 and a 200 day moving average of $46.11. The stock has a market cap of $1.64 billion, a price-to-earnings ratio of 54.73 and a beta of 0.84. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, August 5th. The company reported $0.64 EPS for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The business had revenue of $219.90 million during the quarter, compared to the consensus estimate of $215.80 million. During the same period in the previous year, the company posted $0.81 earnings per share. The firm’s revenue was down 3.4% on a year-over-year basis. On average, research analysts expect that Helios Technologies will post 2.35 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Wasatch Advisors LP lifted its holdings in shares of Helios Technologies by 8.7% during the first quarter. Wasatch Advisors LP now owns 4,169,735 shares of the company’s stock worth $186,345,000 after purchasing an additional 334,606 shares during the period. Vanguard Group Inc. increased its holdings in Helios Technologies by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 3,243,814 shares of the company’s stock worth $144,966,000 after buying an additional 24,975 shares during the period. Wellington Management Group LLP raised its position in Helios Technologies by 125.6% during the 4th quarter. Wellington Management Group LLP now owns 2,524,041 shares of the company’s stock worth $114,465,000 after buying an additional 1,405,098 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in Helios Technologies by 4.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock valued at $61,333,000 after acquiring an additional 54,205 shares during the period. Finally, Barrow Hanley Mewhinney & Strauss LLC purchased a new stake in shares of Helios Technologies in the 2nd quarter valued at $42,900,000. 94.72% of the stock is owned by institutional investors and hedge funds.

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.