Qtron Investments LLC Purchases 625 Shares of HEICO Co. (NYSE:HEI)

Qtron Investments LLC increased its position in HEICO Co. (NYSE:HEI) by 21.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,520 shares of the aerospace company’s stock after acquiring an additional 625 shares during the quarter. Qtron Investments LLC’s holdings in HEICO were worth $837,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Compass Financial Services Inc bought a new stake in shares of HEICO in the fourth quarter valued at approximately $26,000. Berbice Capital Management LLC acquired a new position in HEICO during the 4th quarter valued at $95,000. SBI Securities Co. Ltd. bought a new stake in HEICO in the 4th quarter valued at $135,000. Householder Group Estate & Retirement Specialist LLC grew its position in HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 543 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd increased its holdings in shares of HEICO by 252.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 475 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Up 0.2 %

Shares of NYSE:HEI opened at $250.00 on Friday. The company has a market capitalization of $34.74 billion, a PE ratio of 68.31, a P/E/G ratio of 3.10 and a beta of 1.07. 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’s fifty day moving average is $248.76 and its 200-day moving average is $251.14. HEICO Co. has a 52 week low of $191.07 and a 52 week high of $283.60.

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

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HEI shares. Truist Financial lifted their target price on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. William Blair reissued an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft cut 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. Finally, 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 analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.40.

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.