Natixis Advisors LLC Takes Position in Helios Technologies, Inc. (NASDAQ:HLIO)

Natixis Advisors LLC acquired a new stake in shares of Helios Technologies, Inc. (NASDAQ:HLIO) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 55,151 shares of the company’s stock, valued at approximately $2,462,000.

A number of other large investors have also made changes to their positions in HLIO. King Luther Capital Management Corp raised its position in Helios Technologies by 0.4% in the fourth quarter. King Luther Capital Management Corp now owns 70,733 shares of the company’s stock worth $3,158,000 after purchasing an additional 291 shares in the last quarter. Inspire Investing LLC raised its position in Helios Technologies by 3.5% in the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company’s stock worth $400,000 after purchasing an additional 301 shares in the last quarter. Empower Advisory Group LLC raised its position in Helios Technologies by 10.0% in the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company’s stock worth $302,000 after purchasing an additional 615 shares in the last quarter. Rhumbline Advisers raised its position in Helios Technologies by 1.5% in the fourth quarter. Rhumbline Advisers now owns 50,612 shares of the company’s stock worth $2,259,000 after purchasing an additional 726 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. raised its position in Helios Technologies by 2.9% in the fourth quarter. Oppenheimer Asset Management Inc. now owns 31,688 shares of the company’s stock worth $1,415,000 after purchasing an additional 880 shares in the last quarter. Institutional investors and hedge funds own 94.72% of the company’s stock.

Helios Technologies Stock Performance

NASDAQ HLIO opened at $33.69 on Monday. The firm has a market cap of $1.12 billion, a price-to-earnings ratio of 29.81 and a beta of 0.90. The company has a 50 day moving average of $40.65 and a 200-day moving average of $45.32. The company has a current ratio of 3.03, a quick ratio of 1.54 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 1-year low of $33.10 and a 1-year high of $57.29.

Helios Technologies announced that its board has approved a stock buyback plan on Monday, February 24th that authorizes the company to buyback $100.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 7.8% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Friday, April 4th. Helios Technologies’s payout ratio is 30.77%.

Wall Street Analysts Forecast Growth

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

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.