Capital International Ltd. CA Raises Stock Position in HEICO Co. (NYSE:HEI)

Capital International Ltd. CA grew its holdings in shares of HEICO Co. (NYSE:HEI) by 9.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,333 shares of the aerospace company’s stock after buying an additional 4,348 shares during the quarter. Capital International Ltd. CA’s holdings in HEICO were worth $12,204,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Wealthfront Advisers LLC lifted its stake in shares of HEICO by 219,129.4% in the 4th 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 during the last quarter. River Global Investors LLP bought a new stake in HEICO in the fourth quarter worth $16,073,000. Fisher Asset Management LLC boosted its stake in HEICO by 19.1% during the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock worth $98,791,000 after buying an additional 66,583 shares during the period. EULAV Asset Management increased its position in HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after acquiring an additional 51,500 shares during the last quarter. Finally, Vantage Investment Partners LLC raised its stake in shares of HEICO by 31.0% in the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after acquiring an additional 37,943 shares during the period. Institutional investors own 27.12% of the company’s stock.

HEICO Stock Down 1.0 %

HEICO stock opened at $244.58 on Friday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The firm has a market cap of $33.98 billion, a P/E ratio of 66.83, a P/E/G ratio of 3.10 and a beta of 1.07. The business has a fifty day moving average of $249.94 and a two-hundred day moving average of $250.89. HEICO Co. has a twelve month low of $196.38 and a twelve month 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, beating analysts’ consensus estimates of $0.93 by $0.27. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, analysts forecast that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently commented on HEI. Wells Fargo & Company assumed coverage on shares of HEICO in a research note on Tuesday. They set an “equal weight” rating and a $244.00 price target for the company. Truist Financial cut their target price on HEICO from $294.00 to $277.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft cut their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, William Blair reiterated an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $267.36.

HEICO Company 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.