The Vanguard Group, Inc. has recently announced that it has increased stake in Helios Technologies Inc. (NYSE:HLIO) by 0.69%. After grabbing 2.95 million shares, the institutional investor is now in possession of 20109.0 shares of the Industrials Company. The new investment brought the stake of investor firm to 9.08% having worth around $160.87 million. Moreover, Brown Capital Management LLC increased its share by 73829.0 to have a control over 2.94 million shares. And T. Rowe Price Investment Manageme raised its holdings to 2.64 million shares by acquiring 2.64 million shares or 8.10% of the stake.
Helios Technologies Inc. (HLIO) concluded trading on 01/19/23 at a closing price of $60.48, with 0.22 million shares of worth about $13.58 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -3.95% during that period and on Thursday the price saw a gain of about 2.54%. Currently the company’s common shares owned by public are about 32.54M shares, out of which, 32.01M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 4 analysts are covering the HLIO stock and their offered price forecasts bring an average price target of $72.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $80.00 and could fall to a lowest price of $68.00. The stock’s current price level is 11.38% above of average price target set by the analysts, while a rise to estimated low would result in gain of 11.06% for the stock. However, touching the estimated high of $80.00 would mean a gain of 24.4% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 37 times over the past 12 months. They bought 43,211 shares in 20 of the transactions. In 17 selling transactions, insiders dumped 14,893 shares.
Brown Capital Management – Small, Conestoga Small Cap Fund, and Wasatch Core Growth Fund are the top 3 mutual funds which are holding stakes in Helios Technologies Inc. Brown Capital Management – Small is currently holding 1.6 million shares of worth totaling $86.94 million. The company recently came buying 65661.0 shares which brought its stake up to 4.91% of the company’s outstanding shares. Wasatch Core Growth Fund, after buying 0.99 million shares, have now control over 3.04% of the stake in the company. It holds 0.0 shares of worth $53.95 million.
Helios Technologies Inc. (NYSE: HLIO) started trading at $58.89, below -$0.09 from concluding price of the previous day. However, the stock later moved at a day high price of 60.78, or with a gain of 2.54%. Stock saw a price change of 3.58% in past 5 days and over the past one month there was a price change of 16.42%. Year-to-date (YTD), HLIO shares are showing a performance of 11.09% which decreased to -29.20% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $48.27 but also hit the highest price of $86.34 during that period. The average intraday trading volume for Helios Technologies Inc. shares is 138.50K. The stock is currently trading 7.75% above its 20-day simple moving average (SMA20), while that difference is up 10.21% for SMA50 and it goes to -0.83% lower than SMA200.
The Vanguard Group, Inc. acquired 2.95 million shares of Helios Technologies Inc. having value of about $160.87 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 20109.0 shares in the company valued at close to $1216192.32, or have control over 0.69% stake in the company. Helios Technologies Inc. (NYSE: HLIO) currently have 32.54M outstanding shares and institutions hold larger chunk of about 92.90% of that. Holding of mutual funds in the company is about 55.23% while other institutional holders and individual stake holders have control over 7.33% and 37.53% of the stake respectively.
The stock has a current market capitalization of $1.96B and its 3Y-monthly beta is at 1.13. PE ratio of stock for trailing 12 months is 18.89, while it has posted earnings per share of $3.20 in the same period. Its PEG reads 4.72 and has Quick Ratio of 1.30 while making debt-to-equity ratio of 0.61. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for HLIO, volatility over the week remained 4.23% while standing at 3.10% over the month.
Analysts are in expectations that Helios Technologies Inc. (HLIO) stock would likely to be making an EPS of $0.99 in the current quarter, while forecast for next quarter EPS is $1.01 and it is $4.15 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.93 which is $1.01 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $1.07 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 626.90% while it is estimated to decrease by -14.01% in next year. EPS is likely to shrink at an annualized rate of 4.00% for next 5-years, compared to annual growth of 30.00% made by the stock over the past 5-years.
Analysts at 4 brokerage firms have issued recommendations for the Helios Technologies Inc. (HLIO)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.20. Out of those 4 Wall Street analysts, 3 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Barrington Research on March 31, 2022 offering an Outperform rating for the stock and assigned a target price of $107 to it. Coverage by Stifel stated Helios Technologies Inc. (HLIO) stock as a Buy in their note to investors on March 22, 2022, suggesting a price target of $95 for the stock. On March 14, 2022, KeyBanc Capital Markets Upgrade their recommendations, while on October 12, 2020, Robert W. Baird Upgrade their ratings for the stock with a price target of $55. Stock get an Equal-weight rating from Morgan Stanley on May 29, 2020.
