ClearAlpha Technologies LP Makes New $360,000 Investment in HEICO Co. (NYSE:HEI)

ClearAlpha Technologies LP acquired a new stake in shares of HEICO Co. (NYSE:HEI) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,516 shares of the aerospace company’s stock, valued at approximately $360,000.

Several other large investors also recently modified their holdings of HEI. Wealthfront Advisers LLC increased its position in HEICO by 219,129.4% during 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 buying an additional 22,224,106 shares in the last quarter. EULAV Asset Management raised its position in shares of HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after purchasing an additional 51,500 shares during the last quarter. Fisher Asset Management LLC boosted its stake in HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock worth $98,791,000 after purchasing an additional 66,583 shares in the last quarter. Vantage Investment Partners LLC grew 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 valued at $38,127,000 after purchasing an additional 37,943 shares during the last quarter. Finally, Azimuth Capital Investment Management LLC increased its stake in HEICO by 0.7% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 100,810 shares of the aerospace company’s stock valued at $23,967,000 after purchasing an additional 718 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

HEICO Trading Down 1.0 %

HEI stock opened at $244.58 on Monday. HEICO Co. has a fifty-two week low of $197.98 and a fifty-two week high of $283.60. 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 firm has a fifty day moving average price of $250.19 and a 200 day moving average price of $250.59. The firm has a market cap of $33.98 billion, a PE ratio of 66.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

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

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of recent analyst reports. KeyCorp began coverage on shares of HEICO in a report on Thursday, January 16th. They set a “sector weight” rating on the stock. Wells Fargo & Company initiated coverage on HEICO in a research note on Tuesday, April 15th. They set an “equal weight” rating and a $244.00 target price on the stock. Truist Financial decreased their price target on HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a research note on Thursday. Finally, William Blair restated an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, HEICO presently has an average rating of “Moderate Buy” and an average price target of $267.36.

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.