Helios Technologies (NASDAQ:HLIO) Trading Up 11.6% Following Better-Than-Expected Earnings

Helios Technologies (NASDAQ:HLIO) shares were up 11.6% on Tuesday following a better than expected earnings announcement. The stock traded as high as $45.69 and last traded at $45.02, approximately 150,500 shares traded hands during mid-day trading. An increase of 40% from the average daily volume of 107,588 shares. The stock had previously closed at $40.33.

The company reported $0.65 EPS for the quarter, beating the consensus estimate of $0.64 by $0.01. The company had revenue of $143.84 million during the quarter, compared to analysts’ expectations of $146.64 million. Helios Technologies had a net margin of 9.19% and a return on equity of 12.57%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

The company also recently declared a quarterly dividend, which was paid on Saturday, July 20th. Stockholders of record on Friday, July 5th were issued a $0.09 dividend. This represents a $0.36 annualized dividend and a dividend yield of 0.80%. The ex-dividend date of this dividend was Wednesday, July 3rd. Helios Technologies’s dividend payout ratio (DPR) is 15.65%.

Several brokerages have recently issued reports on HLIO. Zacks Investment Research lowered shares of Helios Technologies from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. Stifel Nicolaus decreased their price target on shares of Helios Technologies from $48.00 to $46.00 and set a “hold” rating for the company in a report on Monday, July 15th. Morgan Stanley boosted their price target on shares of Helios Technologies from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, July 10th. Finally, ValuEngine lowered shares of Helios Technologies from a “hold” rating to a “sell” rating in a report on Tuesday.

In other Helios Technologies news, Director Christine L. Koski sold 5,000 shares of the business’s stock in a transaction dated Wednesday, July 24th. The shares were sold at an average price of $48.00, for a total transaction of $240,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Robert C. Koski sold 2,500 shares of the business’s stock in a transaction dated Thursday, June 27th. The stock was sold at an average price of $44.32, for a total transaction of $110,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 18,100 shares of company stock valued at $852,243. Company insiders own 6.30% of the company’s stock.

A number of large investors have recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank bought a new stake in shares of Helios Technologies in the 2nd quarter valued at about $87,000. SG Americas Securities LLC acquired a new position in shares of Helios Technologies during the 2nd quarter worth approximately $139,000. Truvestments Capital LLC acquired a new position in shares of Helios Technologies during the 2nd quarter worth approximately $174,000. Allred Capital Management LLC acquired a new position in shares of Helios Technologies during the 2nd quarter worth approximately $229,000. Finally, Xact Kapitalforvaltning AB acquired a new position in shares of Helios Technologies during the 2nd quarter worth approximately $249,000. 84.60% of the stock is currently owned by hedge funds and other institutional investors.

The stock has a market capitalization of $1.41 billion, a PE ratio of 19.57 and a beta of 1.82. 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 Company Profile (NASDAQ:HLIO)

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.

Further Reading: Quick Ratio

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