American Century Companies Inc. Has $2.67 Million Stock Position in Helios Technologies, Inc. (NASDAQ:HLIO)
American Century Companies Inc. lifted its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
American Century Companies Inc. lifted its stake in Helios Technologies, Inc. (NASDAQ:HLIO - Free Report) by 23.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,816 shares of the company's stock after buying an additional 11,383 shares during the period. American Century Companies Inc. owned about 0.18% of Helios Technologies worth $2,670,000 at the end of the most recent reporting period.
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Several other hedge funds and other institutional investors have also modified their holdings of the stock. Signaturefd LLC raised its stake in Helios Technologies by 71.8% during the fourth quarter. Signaturefd LLC now owns 687 shares of the company's stock worth $31,000 after acquiring an additional 287 shares in the last quarter. US Bancorp DE lifted its holdings in Helios Technologies by 321.2% during the 4th quarter. US Bancorp DE now owns 6,705 shares of the company's stock valued at $299,000 after purchasing an additional 5,113 shares during the last quarter. Empower Advisory Group LLC boosted its position in Helios Technologies by 10.0% in the fourth quarter. Empower Advisory Group LLC now owns 6,765 shares of the company's stock valued at $302,000 after buying an additional 615 shares in the last quarter. Ameritas Advisory Services LLC bought a new stake in Helios Technologies during the fourth quarter worth about $315,000. Finally, Inspire Investing LLC increased its holdings in shares of Helios Technologies by 3.5% during the fourth quarter. Inspire Investing LLC now owns 8,955 shares of the company's stock worth $400,000 after buying an additional 301 shares in the last quarter. Institutional investors own 94.72% of the company's stock.
Helios Technologies Stock Performance
Helios Technologies stock opened at $25.98 on Tuesday. The stock has a 50-day simple moving average of $37.78 and a 200 day simple moving average of $44.52. The stock has a market capitalization of $864.96 million, a price-to-earnings ratio of 22.99 and a beta of 1.03. The company has a quick ratio of 1.54, a current ratio of 3.03 and a debt-to-equity ratio of 0.52. Helios Technologies, Inc. has a 12-month low of $24.76 and a 12-month high of $57.29.
Helios Technologies announced that its Board of Directors has authorized a share repurchase plan on Monday, February 24th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to buy up to 7.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board of directors believes its stock is undervalued.
Helios Technologies Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 22nd. Stockholders of record on Friday, April 4th will be given a dividend of $0.09 per share. The ex-dividend date of this dividend is Friday, April 4th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.39%. Helios Technologies's payout ratio is 30.77%.
Wall Street Analyst Weigh In
Separately, Stifel Nicolaus decreased their price target on Helios Technologies from $60.00 to $58.00 and set a "buy" rating on the stock in a research report on Wednesday, February 26th.
Get Our Latest Stock Report on HLIO
Helios Technologies Profile
(Free Report)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.
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