Helios Technologies (NYSE:HLIO) Stock Price Target Lowered at KeyCorp

Helios Technologies (NYSE:HLIO) had its price objective reduced by equities researchers at KeyCorp from $95.00 to $85.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp‘s price objective would suggest a potential upside of 57.60% from the stock’s previous close.

Several other analysts also recently commented on the stock. Zacks Research downgraded shares of Helios Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, October 20th. Wall Street Zen cut shares of Helios Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday, August 8th. Weiss Ratings raised shares of Helios Technologies from a “hold (c)” rating to a “hold (c+)” rating in a research report on Thursday, October 8th. Robert W. Baird downgraded shares of Helios Technologies from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $90.00 to $65.00 in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price objective on shares of Helios Technologies from $100.00 to $110.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, Helios Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $88.75.

Helios Technologies Trading Down 10.2%

Shares of Helios Technologies stock opened at $53.94 on Friday. The company has a market capitalization of $1.78 billion, a P/E ratio of 24.82 and a beta of 1.28. The stock has a fifty day simple moving average of $68.82 and a 200 day simple moving average of $73.42. Helios Technologies has a 12-month low of $49.86 and a 12-month high of $95.05. The company has a current ratio of 2.74, a quick ratio of 1.53 and a debt-to-equity ratio of 0.35.

Helios Technologies (NYSE:HLIO) last issued its quarterly earnings data on Thursday, November 5th. The company reported $0.80 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.05. The business had revenue of $229.70 million for the quarter. Helios Technologies had a return on equity of 11.43% and a net margin of 8.01%. Helios Technologies’s revenue was up 4.3% on a year-over-year basis. During the same quarter last year, the business posted $0.72 earnings per share. On average, sell-side analysts anticipate that Helios Technologies will post 3.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. King Luther Capital Management Corp raised its stake in shares of Helios Technologies by 1.6% during the 3rd quarter. King Luther Capital Management Corp now owns 61,888 shares of the company’s stock worth $4,203,000 after purchasing an additional 949 shares during the period. Allspring Global Investments Holdings LLC boosted its holdings in shares of Helios Technologies by 359.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 240,880 shares of the company’s stock worth $16,594,000 after buying an additional 188,503 shares during the last quarter. CenterBook Partners LP purchased a new position in shares of Helios Technologies in the 3rd quarter worth about $927,000. Fifth Third Wealth Advisors LLC purchased a new position in shares of Helios Technologies in the 3rd quarter worth about $250,000. Finally, Inspire Investing LLC grew its position in Helios Technologies by 23.2% during the third quarter. Inspire Investing LLC now owns 9,389 shares of the company’s stock valued at $638,000 after buying an additional 1,771 shares during the period. Institutional investors own 94.72% of the company’s stock.

About Helios Technologies

Helios Technologies, Inc develops and manufactures industrial technology products for the hydraulics and electronics markets. Its offerings include hydraulic cartridge valves, manifolds and electro-hydraulic controls, as well as electronic control systems, displays, instrumentation and related connectivity solutions used in mobile equipment, industrial machinery and other specialized applications.

The company serves original equipment manufacturers and other industrial customers through a portfolio that has included the Sun Hydraulics and Enovation Controls brands.