Advisors Asset Management Inc. Buys 1,924 Shares of HEICO Co. (NYSE:HEI)

Advisors Asset Management Inc. grew its stake in HEICO Co. (NYSE:HEI) by 10.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,258 shares of the aerospace company’s stock after acquiring an additional 1,924 shares during the quarter. Advisors Asset Management Inc.’s holdings in HEICO were worth $4,816,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC increased its stake in HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock valued at $5,285,970,000 after purchasing an additional 22,224,106 shares in the last quarter. River Global Investors LLP acquired a new position in shares of HEICO in the 4th quarter valued at $16,073,000. Fisher Asset Management LLC increased its position in shares of HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after buying an additional 66,583 shares in the last quarter. EULAV Asset Management raised its stake in 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 buying an additional 51,500 shares during the period. Finally, Vantage Investment Partners LLC lifted its holdings in HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock worth $38,127,000 after acquiring an additional 37,943 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of research analyst reports. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Truist Financial lifted their price target on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $271.40.

HEICO Stock Up 1.5 %

Shares of HEI stock opened at $264.63 on Thursday. The firm’s fifty day moving average price is $240.09 and its two-hundred day moving average price is $251.19. HEICO Co. has a 1 year low of $185.03 and a 1 year high of $283.60. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $36.77 billion, a P/E ratio of 72.30, a PEG ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last announced its quarterly earnings data 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 return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. On average, equities analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

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.