Helios Technologies (NASDAQ:HLIO) Downgraded by Zacks Investment Research to “Sell”

Zacks Investment Research downgraded shares of Helios Technologies (NASDAQ:HLIO) from a hold rating to a sell rating in a research report report published on Wednesday morning, Zacks.com reports.

According to Zacks, “Helios Technologies Inc. is an industrial technology company. It develops and manufactures hydraulic and electronic control solutions. The company’s operating subsidiaries includes Sun Hydraulics, Enovation Controls and Faster Group. Its operating business segment consists of Hydraulics and Electronics. Hydraulics segment includes material handling, construction equipment, agriculture, specialized vehicles and energy. Electronics segment provides electronic control solutions. Helios Technologies Inc., formerly known as Sun Hydraulics Corporation, is based in Sarasota, United States. “

Separately, ValuEngine upgraded Zuora from a hold rating to a buy rating in a research note on Saturday, July 6th.

Shares of HLIO opened at $46.72 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. Helios Technologies has a 12 month low of $30.79 and a 12 month high of $58.13. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 20.31 and a beta of 1.85.

Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings results on Monday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.63. The firm had revenue of $146.85 million for the quarter, compared to the consensus estimate of $151.91 million. Helios Technologies had a return on equity of 12.57% and a net margin of 9.19%. On average, equities research analysts expect that Helios Technologies will post 2.57 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, July 5th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Wednesday, July 3rd. This represents a $0.36 annualized dividend and a yield of 0.77%. Helios Technologies’s dividend payout ratio (DPR) is presently 15.65%.

In related news, major shareholder Robert C. Koski sold 2,500 shares of Helios Technologies stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $44.32, for a total transaction of $110,800.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Christine L. Koski sold 5,000 shares of Helios Technologies stock in a transaction on Friday, June 21st. The shares were sold at an average price of $47.03, for a total value of $235,150.00. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock worth $460,250 over the last quarter. 6.30% of the stock is owned by company insiders.

An institutional investor recently bought a new position in Helios Technologies stock. Nisa Investment Advisors LLC bought a new stake in shares of Helios Technologies (NASDAQ:HLIO) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 12,020 shares of the company’s stock, valued at approximately $558,000. 84.56% of the stock is owned by institutional investors.

Helios Technologies Company Profile

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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