HEICO Co. (NYSE:HEI) Short Interest Update

HEICO Co. (NYSE:HEI) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 2,380,000 shares, a growth of 9.2% from the January 15th total of 2,180,000 shares. Based on an average trading volume of 538,200 shares, the days-to-cover ratio is presently 4.4 days. Currently, 5.6% of the company’s shares are short sold.

HEICO Trading Down 1.9 %

Shares of HEI opened at $220.45 on Tuesday. The stock’s 50-day moving average is $237.12 and its two-hundred day moving average is $249.84. The stock has a market cap of $30.60 billion, a PE ratio of 60.23, a P/E/G ratio of 3.19 and a beta of 1.29. HEICO has a 12 month low of $182.47 and a 12 month high of $283.60. 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 (NYSE:HEI) last issued its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.74 earnings per share. Equities analysts forecast that HEICO will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their target price on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. KeyCorp assumed coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.20.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Wealthfront Advisers LLC lifted its stake in shares of HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares in the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in shares of HEICO in the fourth quarter worth about $110,503,000. EULAV Asset Management lifted its stake in shares of HEICO by 12.8% in the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after acquiring an additional 51,500 shares in the last quarter. Fisher Asset Management LLC lifted its stake in shares of HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock worth $98,791,000 after acquiring an additional 66,583 shares in the last quarter. Finally, Two Sigma Advisers LP lifted its stake in shares of HEICO by 2.3% in the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company’s stock worth $88,244,000 after acquiring an additional 8,300 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.