Renaissance Technologies LLC Cuts Holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Renaissance Technologies LLC trimmed its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 16.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 46,575 shares of the company’s stock after selling 9,100 shares during the quarter. Renaissance Technologies LLC’s holdings in Helios Technologies were worth $2,224,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in HLIO. Norges Bank purchased a new stake in Helios Technologies during the 4th quarter valued at $10,884,000. Aristides Capital LLC purchased a new stake in Helios Technologies during the 4th quarter valued at $288,000. First National Bank of Omaha purchased a new stake in Helios Technologies during the 4th quarter valued at $337,000. Intrepid Capital Management Inc. purchased a new position in shares of Helios Technologies in the 4th quarter worth $912,000. Finally, Brown Capital Management LLC boosted its stake in shares of Helios Technologies by 7.0% in the 4th quarter. Brown Capital Management LLC now owns 3,114,144 shares of the company’s stock worth $141,226,000 after buying an additional 204,613 shares during the last quarter. 94.72% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Helios Technologies Stock Performance

HLIO stock opened at $47.79 on Thursday. The company has a market cap of $1.59 billion, a P/E ratio of 47.79 and a beta of 0.83. Helios Technologies, Inc. has a 1 year low of $37.50 and a 1 year high of $55.80. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.92 and a quick ratio of 1.49. The stock’s fifty day moving average price is $43.54 and its 200-day moving average price is $45.79.

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

Helios Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 21st. Investors of record on Friday, October 4th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, October 4th. This represents a $0.36 annualized dividend and a yield of 0.75%. Helios Technologies’s dividend payout ratio (DPR) is presently 36.00%.

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.