Jacobs Levy Equity Management Inc. Sells 8,115 Shares of Helios Technologies, Inc. (NASDAQ:HLIO)

Jacobs Levy Equity Management Inc. cut its holdings in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 32.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,561 shares of the company’s stock after selling 8,115 shares during the quarter. Jacobs Levy Equity Management Inc.’s holdings in Helios Technologies were worth $790,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Dimensional Fund Advisors LP increased its holdings in Helios Technologies by 4.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,284,429 shares of the company’s stock worth $61,333,000 after buying an additional 54,205 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Helios Technologies during the 2nd quarter worth about $42,900,000. Raymond James & Associates raised its holdings in shares of Helios Technologies by 31.6% in the 3rd quarter. Raymond James & Associates now owns 73,272 shares of the company’s stock valued at $3,495,000 after purchasing an additional 17,611 shares during the period. Quantbot Technologies LP acquired a new stake in Helios Technologies in the 3rd quarter valued at about $494,000. Finally, Charles Schwab Investment Management Inc. grew its holdings in Helios Technologies by 11.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 364,984 shares of the company’s stock worth $17,410,000 after purchasing an additional 38,307 shares during the period. 94.72% of the stock is currently owned by institutional investors and hedge funds.

Helios Technologies Stock Performance

NASDAQ HLIO opened at $51.62 on Tuesday. Helios Technologies, Inc. has a 52-week low of $39.08 and a 52-week high of $57.29. The stock has a market cap of $1.72 billion, a PE ratio of 45.68 and a beta of 0.85. The firm has a 50-day moving average of $49.95 and a 200-day moving average of $46.90. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.54 and a current ratio of 3.03.

Helios Technologies (NASDAQ:HLIO) last issued its quarterly earnings data on Tuesday, November 5th. The company reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.05. Helios Technologies had a net margin of 4.57% and a return on equity of 8.22%. The firm had revenue of $194.50 million during the quarter, compared to the consensus estimate of $196.41 million. During the same period last year, the business posted $0.44 earnings per share. The business’s revenue for the quarter was down 3.4% compared to the same quarter last year. On average, sell-side analysts anticipate that Helios Technologies, Inc. will post 2.14 EPS for the current year.

Helios Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 20th. Shareholders of record on Friday, January 3rd will be issued a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date is Friday, January 3rd. Helios Technologies’s dividend payout ratio is 31.86%.

Insiders Place Their Bets

In other Helios Technologies news, Director Diana Sacchi sold 615 shares of the business’s stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $53.91, for a total value of $33,154.65. Following the completion of the sale, the director now owns 3,636 shares of the company’s stock, valued at $196,016.76. The trade was a 14.47 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus dropped their price objective on Helios Technologies from $64.00 to $63.00 and set a “buy” rating on the stock in a research note on Wednesday, October 16th.

Helios Technologies Company Profile

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.