Helios Technologies (NASDAQ:HLIO – Get Rating) had its target price decreased by research analysts at Barrington Research from $107.00 to $91.00 in a research note issued on Wednesday, Benzinga reports. The firm presently has an "outperform" rating on the stock. Barrington Research's price target would indicate a potential upside of 36.60% from the company's current price.
Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus decreased their target price on Helios Technologies from $95.00 to $74.00 in a research report on Monday, July 18th. Robert W. Baird reduced their price target on Helios Technologies from $100.00 to $75.00 in a report on Tuesday.
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Shares of NASDAQ HLIO opened at $66.62 on Wednesday. Helios Technologies has a 1-year low of $59.17 and a 1-year high of $114.89. The business has a 50-day moving average of $65.74 and a 200-day moving average of $70.63. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.24 and a quick ratio of 1.20. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.37, a PEG ratio of 1.12 and a beta of 1.14.
Helios Technologies (NASDAQ:HLIO – Get Rating) last issued its earnings results on Monday, August 8th. The company reported $1.18 earnings per share for the quarter, hitting the consensus estimate of $1.18. Helios Technologies had a return on equity of 20.30% and a net margin of 12.11%. The company had revenue of $241.67 million during the quarter, compared to the consensus estimate of $240.51 million. During the same quarter in the prior year, the business earned $1.20 earnings per share. The company's revenue was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that Helios Technologies will post 4.55 EPS for the current fiscal year.Institutional Trading of Helios Technologies
Institutional investors and hedge funds have recently bought and sold shares of the company. Baird Financial Group Inc. raised its stake in Helios Technologies by 11.2% during the fourth quarter. Baird Financial Group Inc. now owns 5,860 shares of the company's stock valued at $616,000 after buying an additional 590 shares in the last quarter. GW&K Investment Management LLC raised its stake in Helios Technologies by 5.1% during the first quarter. GW&K Investment Management LLC now owns 691,967 shares of the company's stock valued at $55,530,000 after buying an additional 33,338 shares in the last quarter. State of New Jersey Common Pension Fund D raised its stake in Helios Technologies by 32.4% during the first quarter. State of New Jersey Common Pension Fund D now owns 33,913 shares of the company's stock valued at $2,722,000 after buying an additional 8,299 shares in the last quarter. First Trust Advisors LP raised its stake in Helios Technologies by 716.9% during the fourth quarter. First Trust Advisors LP now owns 67,606 shares of the company's stock valued at $7,110,000 after buying an additional 59,330 shares in the last quarter. Finally, Wesbanco Bank Inc. raised its stake in Helios Technologies by 9.1% during the fourth quarter. Wesbanco Bank Inc. now owns 2,865 shares of the company's stock valued at $301,000 after buying an additional 240 shares in the last quarter. Institutional investors and hedge funds own 91.23% of the company's stock.
About Helios Technologies
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Helios Technologies, Inc, together with its subsidiaries, develops, manufactures, and sells solutions for the hydraulics and electronics markets 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; quick release coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic system design that provides engineered solutions for machine users, manufacturers, or designers.
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