Helios Technologies (NASDAQ:HLIO) Rating Lowered to Sell at ValuEngine

Helios Technologies (NASDAQ:HLIO) was downgraded by equities researchers at ValuEngine from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday, ValuEngine reports.

Other analysts have also issued research reports about the stock. Morgan Stanley raised their target price on shares of Helios Technologies from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, July 10th. Stifel Nicolaus cut their target price on shares of Helios Technologies from $48.00 to $46.00 and set a “hold” rating on the stock in a research report on Monday, July 15th. Finally, Zacks Investment Research lowered shares of Helios Technologies from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th.

NASDAQ HLIO opened at $43.58 on Tuesday. Helios Technologies has a 1 year low of $30.79 and a 1 year high of $58.13. The company has a current ratio of 2.03, a quick ratio of 1.13 and a debt-to-equity ratio of 0.61. The company has a market cap of $1.29 billion, a P/E ratio of 18.95 and a beta of 1.82.

Helios Technologies (NASDAQ:HLIO) last issued its earnings results on Monday, August 5th. The company reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. Helios Technologies had a net margin of 10.91% and a return on equity of 13.72%. The firm had revenue of $143.84 million for the quarter, compared to analyst estimates of $146.64 million. During the same quarter last year, the business posted $0.43 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities analysts expect that Helios Technologies will post 2.46 EPS for the current year.

In other news, major shareholder Robert C. Koski sold 2,500 shares of the firm’s stock in a transaction on Thursday, June 27th. The shares were 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Christine L. Koski sold 5,000 shares of the firm’s stock in a transaction on Friday, June 21st. The shares were sold at an average price of $47.03, for a total transaction of $235,150.00. The disclosure for this sale can be found here. Insiders sold 18,100 shares of company stock worth $852,243 in the last 90 days. Company insiders own 6.30% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in HLIO. Wasatch Advisors Inc. bought a new position in shares of Helios Technologies during the second quarter valued at $144,383,000. Conestoga Capital Advisors LLC bought a new position in shares of Helios Technologies during the second quarter valued at $71,105,000. GW&K Investment Management LLC bought a new position in shares of Helios Technologies during the second quarter valued at $22,408,000. Swiss National Bank bought a new position in shares of Helios Technologies during the second quarter valued at $2,483,000. Finally, First Trust Advisors LP bought a new position in shares of Helios Technologies during the second quarter valued at $2,372,000. 84.60% of the stock is owned by hedge funds and other 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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