Helios Technologies, Inc. (NASDAQ:HLIO) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. lowered its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 23.7% during the third quarter, Holdings Channel reports. The firm owned 59,429 shares of the company’s stock after selling 18,506 shares during the quarter. JPMorgan Chase & Co.’s holdings in Helios Technologies were worth $2,835,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in HLIO. nVerses Capital LLC boosted its stake in Helios Technologies by 200.0% during the 3rd quarter. nVerses Capital LLC now owns 1,200 shares of the company’s stock worth $57,000 after purchasing an additional 800 shares during the period. Canada Pension Plan Investment Board acquired a new stake in shares of Helios Technologies during the second quarter worth about $110,000. Truvestments Capital LLC acquired a new stake in shares of Helios Technologies during the third quarter worth about $179,000. Stephens Inc. AR purchased a new position in shares of Helios Technologies during the third quarter worth about $205,000. Finally, Squarepoint Ops LLC acquired a new position in Helios Technologies in the 2nd quarter valued at about $216,000. 94.72% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Diana Sacchi sold 615 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $53.91, for a total transaction of $33,154.65. Following the sale, the director now owns 3,636 shares of the company’s stock, valued at approximately $196,016.76. The trade was a 14.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by corporate insiders.

Helios Technologies Stock Down 0.7 %

Shares of Helios Technologies stock opened at $43.94 on Tuesday. Helios Technologies, Inc. has a one year low of $39.08 and a one year high of $57.29. The company has a market cap of $1.46 billion, a P/E ratio of 38.88 and a beta of 0.88. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03. The firm has a fifty day moving average of $48.62 and a two-hundred day moving average of $46.53.

Helios Technologies (NASDAQ:HLIO) last posted its quarterly earnings results on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm had revenue of $194.50 million during the quarter, compared to analysts’ expectations of $196.41 million. During the same period in the prior year, the company posted $0.44 earnings per share. The firm’s revenue for the quarter was down 3.4% on a year-over-year basis. On average, analysts forecast that Helios Technologies, Inc. will post 2.14 earnings per share for the current year.

Helios Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were paid a $0.09 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.36 dividend on an annualized basis and a dividend yield of 0.82%. Helios Technologies’s dividend payout ratio (DPR) is presently 31.86%.

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus lowered their target price on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Helios Technologies Company Profile

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.