HEICO Co. (NYSE:HEI) Shares Sold by Essex LLC

Essex LLC lowered its position in shares of HEICO Co. (NYSE:HEI) by 8.0% during the fourth quarter, Holdings Channel reports. The fund owned 980 shares of the aerospace company’s stock after selling 85 shares during the quarter. Essex LLC’s holdings in HEICO were worth $233,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. EULAV Asset Management lifted its stake in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after purchasing an additional 51,500 shares during the period. Two Sigma Advisers LP lifted its position in HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after buying an additional 13,100 shares during the period. Vantage Investment Partners LLC boosted its stake in HEICO by 31.0% in the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock worth $38,127,000 after buying an additional 37,943 shares during the last quarter. Carderock Capital Management Inc. increased its stake in shares of HEICO by 2.7% during the 3rd quarter. Carderock Capital Management Inc. now owns 37,261 shares of the aerospace company’s stock valued at $9,743,000 after acquiring an additional 969 shares during the last quarter. Finally, MinichMacGregor Wealth Management LLC boosted its position in shares of HEICO by 5.3% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 34,764 shares of the aerospace company’s stock worth $8,265,000 after acquiring an additional 1,746 shares during the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

HEI has been the subject of several research reports. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Truist Financial boosted their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th. UBS Group started coverage on shares of HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating for the company. Finally, Morgan Stanley boosted their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a research report on Friday, October 18th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $270.20.

HEICO Stock Up 1.0 %

HEI stock opened at $234.80 on Friday. The firm has a fifty day moving average price of $241.83 and a two-hundred day moving average price of $250.13. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO Co. has a 1-year low of $182.47 and a 1-year high of $283.60. The firm has a market cap of $32.60 billion, a price-to-earnings ratio of 64.15, a PEG ratio of 3.19 and a beta of 1.29.

HEICO (NYSE:HEI) last issued its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The firm had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. HEICO’s revenue was up 8.2% on a year-over-year basis. During the same quarter last year, the company posted $0.74 earnings per share. Research analysts predict that HEICO Co. will post 4.2 EPS for the current year.

HEICO Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s payout ratio is 6.01%.

HEICO Company Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.