Jennison Associates LLC Has $50.95 Million Stock Position in HEICO Co. (NYSE:HEI)

Jennison Associates LLC reduced its position in HEICO Co. (NYSE:HEI) by 0.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 284,852 shares of the aerospace company’s stock after selling 137 shares during the period. Jennison Associates LLC’s holdings in HEICO were worth $50,951,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Moody Lynn & Lieberson LLC lifted its position in shares of HEICO by 2.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock worth $428,000 after buying an additional 60 shares during the period. Ieq Capital LLC increased its holdings in HEICO by 4.2% in the third quarter. Ieq Capital LLC now owns 2,628 shares of the aerospace company’s stock valued at $426,000 after purchasing an additional 106 shares during the last quarter. Desjardins Global Asset Management Inc. increased its holdings in HEICO by 7.9% in the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,465 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 107 shares during the last quarter. Roundview Capital LLC grew its stake in HEICO by 1.0% in the third quarter. Roundview Capital LLC now owns 11,120 shares of the aerospace company’s stock valued at $1,801,000 after acquiring an additional 112 shares during the period. Finally, Wendell David Associates Inc. grew its stake in HEICO by 6.3% in the third quarter. Wendell David Associates Inc. now owns 2,110 shares of the aerospace company’s stock valued at $342,000 after acquiring an additional 125 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Trading Up 2.7 %

Shares of NYSE:HEI opened at $204.80 on Wednesday. The business’s 50 day simple moving average is $192.03 and its 200 day simple moving average is $179.99. The company has a market capitalization of $28.34 billion, a P/E ratio of 66.93, a P/E/G ratio of 3.26 and a beta of 1.16. HEICO Co. has a 1 year low of $153.63 and a 1 year high of $206.34. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40.

HEICO (NYSE:HEI) last released its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, beating the consensus estimate of $0.74 by $0.08. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The company had revenue of $896.36 million for the quarter, compared to the consensus estimate of $891.32 million. During the same quarter last year, the business posted $0.67 EPS. HEICO’s revenue for the quarter was up 44.4% on a year-over-year basis. On average, research analysts anticipate that HEICO Co. will post 3.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on HEI shares. Royal Bank of Canada upped their price objective on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price objective on the stock in a research note on Thursday, January 25th. Finally, Stifel Nicolaus increased their target price on HEICO from $210.00 to $215.00 and gave the stock a “buy” rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $204.50.

Insider Buying and Selling

In other news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the transaction, the director now directly owns 155,862 shares of the company’s stock, valued at approximately $29,953,559.16. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other HEICO news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the transaction, the director now owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

HEICO 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.