Wrapmanager Inc. Sells 1,767 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Wrapmanager Inc. reduced its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 21.4% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,502 shares of the company’s stock after selling 1,767 shares during the quarter. Wrapmanager Inc.’s holdings in Helios Technologies were worth $290,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Barclays PLC grew its stake in shares of Helios Technologies by 230.1% in the 3rd quarter. Barclays PLC now owns 57,451 shares of the company’s stock worth $2,740,000 after buying an additional 40,048 shares in the last quarter. Stifel Financial Corp lifted its holdings in shares of Helios Technologies by 46.5% in the 3rd quarter. Stifel Financial Corp now owns 50,547 shares of the company’s stock valued at $2,411,000 after acquiring an additional 16,041 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Helios Technologies by 11.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock worth $17,410,000 after acquiring an additional 38,307 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in Helios Technologies by 5,804.4% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 720,925 shares of the company’s stock worth $32,182,000 after acquiring an additional 708,715 shares during the last quarter. Finally, Raymond James & Associates raised its position in Helios Technologies by 31.6% during the third quarter. Raymond James & Associates now owns 73,272 shares of the company’s stock valued at $3,495,000 after purchasing an additional 17,611 shares during the period. 94.72% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Stifel Nicolaus dropped their target price on Helios Technologies from $63.00 to $60.00 and set a “buy” rating for the company in a report on Friday, January 24th.

Helios Technologies Trading Up 7.2 %

HLIO stock opened at $41.60 on Wednesday. Helios Technologies, Inc. has a twelve month low of $38.52 and a twelve month high of $57.29. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of 36.82 and a beta of 0.87. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. The firm’s fifty day simple moving average is $43.79 and its two-hundred day simple moving average is $46.16.

Helios Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 20th. Investors of record on Friday, January 3rd were issued a dividend of $0.09 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a $0.36 annualized dividend and a yield of 0.87%. Helios Technologies’s payout ratio is 31.86%.

Helios Technologies declared that its Board of Directors has initiated a stock buyback plan on Monday, February 24th that allows the company to buyback $100.00 million in shares. This buyback authorization allows the company to reacquire up to 7.8% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Helios Technologies 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.