Shares of Helios Technologies (NASDAQ:HLIO) have received an average broker rating score of 2.60 (Hold) from the five brokers that cover the company, Zacks Investment Research reports. Four analysts have rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Analysts have set a twelve-month consensus target price of $44.67 for the company and are forecasting that the company will post $0.37 EPS for the current quarter, according to Zacks. Zacks has also given Helios Technologies an industry rank of 196 out of 255 based on the ratings given to related companies.
Several equities research analysts recently weighed in on HLIO shares. Zacks Investment Research raised shares of Helios Technologies from a “sell” rating to a “hold” rating in a research note on Tuesday, October 15th. ValuEngine downgraded shares of Helios Technologies from a “hold” rating to a “sell” rating in a research note on Wednesday, November 6th. Finally, Morgan Stanley set a $40.00 price objective on Helios Technologies and gave the stock a “hold” rating in a research report on Friday, August 9th.
Helios Technologies (NASDAQ:HLIO) last released its earnings results on Tuesday, November 5th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.58 by $0.03. The company had revenue of $138.00 million during the quarter, compared to the consensus estimate of $136.74 million. Helios Technologies had a return on equity of 14.36% and a net margin of 11.08%. Helios Technologies’s revenue was up 1.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.62 EPS. Sell-side analysts predict that Helios Technologies will post 2.26 EPS for the current fiscal year.
In other Helios Technologies news, Director Christine L. Koski sold 10,000 shares of Helios Technologies stock in a transaction dated Tuesday, September 10th. The stock was sold at an average price of $44.60, for a total transaction of $446,000.00. Also, Director Christine L. Koski sold 6,421 shares of the company’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $45.34, for a total value of $291,128.14. Following the transaction, the director now directly owns 58,481 shares of the company’s stock, valued at $2,651,528.54. The disclosure for this sale can be found here. 6.30% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. Brown Capital Management LLC acquired a new stake in shares of Helios Technologies during the second quarter worth about $268,031,000. Wasatch Advisors Inc. purchased a new position in Helios Technologies during the 2nd quarter worth approximately $144,383,000. Vanguard Group Inc. acquired a new position in Helios Technologies during the second quarter worth approximately $121,001,000. Price T Rowe Associates Inc. MD acquired a new position in Helios Technologies during the second quarter worth approximately $107,061,000. Finally, BlackRock Inc. purchased a new stake in Helios Technologies in the second quarter valued at approximately $94,148,000. 84.68% of the stock is currently owned by institutional investors and hedge funds.
About Helios Technologies
Helios Technologies, Inc develops, manufactures, and sells solutions for the hydraulics and electronics markets. The company operates through two segments, Hydraulics and Electronics. The Hydraulics segment offers screw-in hydraulic cartridge valves, electro-hydraulics, manifolds, and integrated package solutions for the industrial and mobile hydraulics markets; quick release hydraulic coupling solutions for the agriculture, construction equipment, and industrial markets; and hydraulic, pneumatic, electronic, and instrumentation solutions to a range of industries, including agriculture, industrial, mining, and material handling.
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