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

Zacks Investment Research lowered shares of Helios Technologies (NASDAQ:HLIO) from a hold rating to a sell rating in a report released on Wednesday, 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 raised Zuora from a hold rating to a buy rating in a research note on Saturday, July 6th.

Shares of NASDAQ 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 1-year low of $30.79 and a 1-year high of $58.13. The company 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 issued its quarterly earnings data on Monday, May 6th. The company reported $0.63 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.63. Helios Technologies had a return on equity of 12.57% and a net margin of 9.19%. The company had revenue of $146.85 million for the quarter, compared to analysts’ expectations of $151.91 million. As a group, analysts predict that Helios Technologies will post 2.57 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders 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 dividend yield of 0.77%. Helios Technologies’s dividend payout ratio (DPR) is presently 15.65%.

In other Helios Technologies news, Director Christine L. Koski sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, June 21st. The stock was sold at an average price of $47.03, for a total transaction of $235,150.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Robert C. Koski sold 2,500 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $44.32, for a total value of $110,800.00. The disclosure for this sale can be found here. Insiders have sold 10,000 shares of company stock valued at $460,250 in the last 90 days. Company insiders own 6.30% of the company’s stock.

An institutional investor recently bought a new position in Helios Technologies stock. Xact Kapitalforvaltning AB acquired a new position in shares of Helios Technologies (NASDAQ:HLIO) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,358 shares of the company’s stock, valued at approximately $249,000. Institutional investors own 84.56% of the company’s stock.

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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