Helios Technologies, Inc. (NASDAQ:HLIO) Stock Position Decreased by Wrapmanager Inc.

Wrapmanager Inc. trimmed its position in shares of Helios Technologies, Inc. (NASDAQ:HLIO) by 12.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,919 shares of the company’s stock after selling 1,303 shares during the quarter. Wrapmanager Inc.’s holdings in Helios Technologies were worth $426,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also made changes to their positions in the company. Isthmus Partners LLC lifted its stake in Helios Technologies by 1.1% in the second quarter. Isthmus Partners LLC now owns 63,669 shares of the company’s stock valued at $30,000 after acquiring an additional 670 shares during the last quarter. Innealta Capital LLC bought a new stake in Helios Technologies in the second quarter worth $35,000. EntryPoint Capital LLC bought a new stake in Helios Technologies in the first quarter worth $133,000. SG Americas Securities LLC acquired a new position in Helios Technologies during the second quarter worth $138,000. Finally, PNC Financial Services Group Inc. raised its holdings in Helios Technologies by 703.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 4,315 shares of the company’s stock valued at $196,000 after buying an additional 3,778 shares in the last quarter. Institutional investors own 94.72% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, KeyCorp downgraded Helios Technologies from an “overweight” rating to a “sector weight” rating in a research note on Tuesday, July 9th.

Helios Technologies Trading Up 1.7 %

NASDAQ:HLIO opened at $41.10 on Friday. The company’s 50 day moving average is $43.56 and its 200-day moving average is $45.68. The company has a quick ratio of 1.49, a current ratio of 2.92 and a debt-to-equity ratio of 0.56. Helios Technologies, Inc. has a 12 month low of $37.50 and a 12 month high of $57.30. The firm has a market cap of $1.36 billion, a price-to-earnings ratio of 41.10 and a beta of 0.83.

Helios Technologies (NASDAQ:HLIO) last announced its earnings results on Monday, August 5th. The company reported $0.64 EPS for the quarter, topping the consensus estimate of $0.61 by $0.03. Helios Technologies had a net margin of 3.58% and a return on equity of 7.71%. The firm had revenue of $219.90 million for the quarter, compared to the consensus estimate of $215.80 million. During the same quarter last year, the firm posted $0.81 EPS. The business’s quarterly revenue was down 3.4% on a year-over-year basis. Equities analysts anticipate that Helios Technologies, Inc. will post 2.38 EPS for the current year.

Helios Technologies Profile

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.