Isthmus Partners LLC reduced its position in Helios Technologies, Inc. (NASDAQ:HLIO) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 30,456 shares of the company’s stock after selling 288 shares during the quarter. Isthmus Partners LLC’s holdings in Helios Technologies were worth $2,377,000 as of its most recent filing with the SEC.
Several other large investors have also recently bought and sold shares of the company. The PNC Financial Services Group Inc. boosted its stake in shares of Helios Technologies by 3.7% in the 1st quarter. The PNC Financial Services Group Inc. now owns 4,189 shares of the company’s stock valued at $306,000 after purchasing an additional 151 shares during the last quarter. Glenmede Trust Co. NA boosted its stake in Helios Technologies by 2.5% during the first quarter. Glenmede Trust Co. NA now owns 6,310 shares of the company’s stock worth $459,000 after acquiring an additional 155 shares in the last quarter. Captrust Financial Advisors boosted its stake in Helios Technologies by 119.8% during the first quarter. Captrust Financial Advisors now owns 356 shares of the company’s stock worth $26,000 after acquiring an additional 194 shares in the last quarter. Hillsdale Investment Management Inc. boosted its stake in Helios Technologies by 1.3% during the second quarter. Hillsdale Investment Management Inc. now owns 15,100 shares of the company’s stock worth $1,179,000 after acquiring an additional 200 shares in the last quarter. Finally, Stifel Financial Corp boosted its stake in Helios Technologies by 0.6% during the first quarter. Stifel Financial Corp now owns 33,350 shares of the company’s stock worth $2,430,000 after acquiring an additional 212 shares in the last quarter. 88.77% of the stock is currently owned by institutional investors.
In other news, CFO Tricia L. Fulton sold 1,000 shares of the stock in a transaction dated Tuesday, August 10th. The shares were sold at an average price of $85.00, for a total value of $85,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.
Helios Technologies (NASDAQ:HLIO) last released its quarterly earnings data on Monday, August 9th. The company reported $1.20 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.34. Helios Technologies had a net margin of 10.22% and a return on equity of 17.18%. The firm had revenue of $223.40 million for the quarter, compared to the consensus estimate of $187.17 million. During the same quarter in the prior year, the company posted $0.55 earnings per share. The business’s revenue was up 87.3% on a year-over-year basis. On average, sell-side analysts forecast that Helios Technologies, Inc. will post 3.82 earnings per share for the current year.
HLIO has been the topic of several research analyst reports. Zacks Investment Research raised shares of Helios Technologies from a “hold” rating to a “buy” rating and set a $94.00 target price on the stock in a research note on Friday, August 13th. Robert W. Baird initiated coverage on shares of Helios Technologies in a research note on Thursday, September 2nd. They set a “buy” rating and a $100.00 target price on the stock. Finally, Morgan Stanley increased their target price on shares of Helios Technologies from $81.00 to $89.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 12th.
Helios Technologies Company Profile
Helios Technologies, Inc engages in the development and manufacture of motion control and electronic controls technology for diverse end markets, including construction, material handling, agriculture, energy, recreational vehicles, marine, health and wellness. It operates through the Hydraulics and Electronics segments.
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