HEICO Co. (NYSE:HEI) Shares Acquired by K.J. Harrison & Partners Inc

K.J. Harrison & Partners Inc increased its holdings in shares of HEICO Co. (NYSE:HEI) by 11.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 19,540 shares of the aerospace company’s stock after purchasing an additional 2,000 shares during the quarter. K.J. Harrison & Partners Inc’s holdings in HEICO were worth $4,635,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the business. EULAV Asset Management increased its position 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. Vantage Investment Partners LLC boosted its position in HEICO by 31.0% during the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock worth $38,127,000 after purchasing an additional 37,943 shares during the period. Assenagon Asset Management S.A. acquired a new stake in HEICO in the 3rd quarter valued at $4,502,000. Quantbot Technologies LP raised its position in HEICO by 424.1% in the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock valued at $4,916,000 after purchasing an additional 15,214 shares during the period. Finally, Integrated Investment Consultants LLC lifted its stake in shares of HEICO by 734.2% during the third quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company’s stock worth $4,430,000 after purchasing an additional 14,911 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on HEI. Deutsche Bank Aktiengesellschaft lowered their target price on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. KeyCorp started coverage on shares of HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, HEICO presently has an average rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Price Performance

HEI stock opened at $227.92 on Thursday. The stock’s 50 day moving average is $232.93 and its two-hundred day moving average is $249.45. HEICO Co. has a 52-week low of $182.47 and a 52-week high of $283.60. The company has a market capitalization of $31.64 billion, a PE ratio of 62.27, a P/E/G ratio of 3.10 and a beta of 1.29. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. Analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The business also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid 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 dividend payout ratio (DPR) is presently 6.01%.

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.