Calamos Advisors LLC Lowers Holdings in HEICO Co. (NYSE:HEI)

Calamos Advisors LLC lessened its holdings in HEICO Co. (NYSE:HEI) by 66.4% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 2,744 shares of the aerospace company’s stock after selling 5,419 shares during the quarter. Calamos Advisors LLC’s holdings in HEICO were worth $652,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Trust Point Inc. boosted its holdings in HEICO by 408.3% in the fourth quarter. Trust Point Inc. now owns 5,149 shares of the aerospace company’s stock valued at $1,224,000 after purchasing an additional 4,136 shares during the period. New England Research & Management Inc. purchased a new position in shares of HEICO in the 4th quarter valued at about $767,000. Robeco Institutional Asset Management B.V. boosted its stake in shares of HEICO by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 10,800 shares of the aerospace company’s stock valued at $2,568,000 after buying an additional 138 shares during the period. Vantage Investment Partners LLC boosted its stake in shares of HEICO by 31.0% in the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after buying an additional 37,943 shares during the period. Finally, Moody Lynn & Lieberson LLC boosted its stake in shares of HEICO by 1.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock valued at $1,011,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Up 1.0 %

HEICO stock opened at $236.54 on Thursday. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The company has a market capitalization of $32.84 billion, a P/E ratio of 64.63, a PEG ratio of 3.28 and a beta of 1.29. The stock has a 50-day simple moving average of $243.39 and a 200-day simple moving average of $250.06.

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

HEICO Announces Dividend

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

Analysts Set New Price Targets

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

About HEICO

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.