Stifel Nicolaus Cuts Helios Technologies (NASDAQ:HLIO) Price Target to $35.00

Helios Technologies (NASDAQ:HLIO) had its price objective lowered by investment analysts at Stifel Nicolaus from $58.00 to $35.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm presently has a “buy” rating on the stock. Stifel Nicolaus’ price objective indicates a potential upside of 30.78% from the company’s current price.

Helios Technologies Price Performance

NASDAQ:HLIO traded down $0.34 during trading hours on Monday, reaching $26.76. The stock had a trading volume of 10,610 shares, compared to its average volume of 197,731. The stock has a market capitalization of $891.07 million, a PE ratio of 23.91 and a beta of 1.03. Helios Technologies has a 52 week low of $24.76 and a 52 week high of $57.29. The company has a 50 day moving average price of $35.76 and a two-hundred day moving average price of $43.79. 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 declared that its Board of Directors has approved a share repurchase program on Monday, February 24th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the company to repurchase up to 7.8% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Institutional Trading of Helios Technologies

A number of large investors have recently made changes to their positions in the business. Procyon Advisors LLC grew its position in Helios Technologies by 8.4% in the first quarter. Procyon Advisors LLC now owns 10,267 shares of the company’s stock worth $329,000 after acquiring an additional 799 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Helios Technologies by 2,361.9% in the 1st quarter. GAMMA Investing LLC now owns 4,653 shares of the company’s stock valued at $145,000 after purchasing an additional 4,464 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Helios Technologies by 0.9% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 61,895 shares of the company’s stock worth $2,763,000 after purchasing an additional 543 shares during the period. ProShare Advisors LLC increased its position in shares of Helios Technologies by 49.0% during the 4th quarter. ProShare Advisors LLC now owns 9,364 shares of the company’s stock valued at $418,000 after purchasing an additional 3,081 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Helios Technologies by 3.6% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,909 shares of the company’s stock valued at $844,000 after buying an additional 649 shares during the period. 94.72% of the stock is currently owned by institutional investors.

About Helios Technologies

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.