Oppenheimer Asset Management Inc. increases holdings in Helios Technologies, Inc. (NASDAQ:HLIO)

Oppenheimer Asset Management Inc. increased its stake in Helios Technologies, Inc. (NASDAQ:HLIO – Free Report) by 51.8% during the second quarter, HoldingsChannel.com reports. The fund owned 25,048 shares of the company’s stock after purchasing an additional 8,546 shares during the quarter. The holdings of Oppenheimer Asset Management Inc. holdings in Helios Technologies were worth $1,196,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets increased its position in shares of Helios Technologies by 51.2% in the 4th quarter. BNP Paribas Financial Markets now owns 42,785 shares of the company’s stock worth $1,940,000 after acquiring an additional 14,496 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Helios Technologies by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,198,815 shares of the company’s stock worth $54,365,000 after buying an additional 58,010 shares during the last quarter. Norges Bank acquired a new stake in shares of Helios Technologies during the fourth quarter valued at approximately $10,884,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Helios Technologies in the 4th quarter valued at about $428,000. Finally, Isthmus Partners LLC raised its position in shares of Helios Technologies by 9.3% in the 4th quarter. Isthmus Partners LLC now owns 38,226 shares of the company’s stock worth $1,734,000 after buying an additional 3,237 shares in the last quarter. 94.72% of the shares are currently held by hedge funds and other institutional investors.

Analyst upgrades and downgrades

Separately, KeyCorp cut shares of Helios Technologies from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, July 9th.

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Helios Technologies stock up 5.4%

Shares of HLIO stock opened at $45.72 on Friday. The stock’s fifty-day moving average price is $43.53, and its 200-day moving average price is $45.64. Helios Technologies, Inc. has a 1 year low of $37.50 and a 1 year high of $56.42. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 45.72 and a beta of 0.83. The company has a debt-to-equity ratio of 0.56, a current ratio of 2.92, and a quick ratio of 1.49.

Helios Technologies (NASDAQ:HLIO – Get Your Free Report ) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates of $0.61 by $0.03. The business had revenue of $219.90 million for the quarter, compared to analyst estimates of $215.80 million. Helios Technologies had a return on equity of 7.71% and a net margin of 3.58%. The company’s revenue fell 3.4% year over year. In the same quarter last year, the company earned $0.81 per share. On average, research analysts expect that Helios Technologies, Inc. to post 2.38 earnings per share for the current fiscal year.

Helios Technologies profile

(Free report)

Helios Technologies, Inc, together with its subsidiaries, provides motion control and electronic control technology solutions in the Americas, Europe, Middle East, Africa and Asia Pacific. The company operates in two segments, hydraulics and electronics. The Hydraulics segment offers cartridge valve technology products to control fluid flow rates and direction and to regulate and control pressures for industrial and mobile applications; quick coupler hydraulic solutions for agriculture, construction equipment and industrial markets; motion control technology and fluid transport technology; cartridge valve technology; solutions designed for machine users, manufacturers or designers.

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