Helios Technologies (NASDAQ:HLIO) Sets New 52-Week Low – Should You Sell?

Helios Technologies, Inc. (NASDAQ:HLIO) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as $32.67 and last traded at $32.67, with a volume of 25725 shares traded. The stock had previously closed at $34.03.

Analysts Set New Price Targets

Separately, Stifel Nicolaus decreased their price objective on Helios Technologies from $60.00 to $58.00 and set a “buy” rating for the company in a report on Wednesday, February 26th.

Helios Technologies Trading Down 5.3 %

The company’s fifty day moving average is $39.61 and its 200-day moving average is $45.04. The company has a debt-to-equity ratio of 0.52, a current ratio of 3.03 and a quick ratio of 1.54. The company has a market capitalization of $1.07 billion, a PE ratio of 28.50 and a beta of 0.90.

Helios Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Investors of record on Friday, April 4th will be given a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, April 4th. Helios Technologies’s payout ratio is currently 30.77%.

Helios Technologies declared that its Board of Directors has approved a share buyback program on Monday, February 24th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the company to purchase up to 7.8% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

Institutional Trading of Helios Technologies

A number of institutional investors have recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. lifted its position 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 valued at $32,182,000 after acquiring an additional 708,715 shares during the last quarter. Conestoga Capital Advisors LLC boosted its position in shares of Helios Technologies by 15.5% in the 4th quarter. Conestoga Capital Advisors LLC now owns 1,986,528 shares of the company’s stock worth $88,679,000 after purchasing an additional 266,127 shares in the last quarter. Sara Bay Financial grew its stake in Helios Technologies by 25.5% during the 4th quarter. Sara Bay Financial now owns 1,217,467 shares of the company’s stock worth $54,080,000 after buying an additional 247,088 shares during the last quarter. Rockefeller Capital Management L.P. increased its position in Helios Technologies by 362.8% during the 4th quarter. Rockefeller Capital Management L.P. now owns 249,738 shares of the company’s stock valued at $11,148,000 after buying an additional 195,779 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Helios Technologies in the fourth quarter valued at about $7,696,000. 94.72% of the stock is currently owned by institutional investors.

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.