Fieldview Capital Management LLC Raises Stake in Heico Corporation $HEI

Fieldview Capital Management LLC lifted its position in shares of Heico Corporation (NYSE:HEI) by 232.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,939 shares of the aerospace company’s stock after buying an additional 2,754 shares during the quarter. Fieldview Capital Management LLC’s holdings in Heico were worth $1,275,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. IFC & Insurance Marketing Inc. purchased a new stake in Heico in the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC grew its holdings in Heico by 1,000.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares during the period. V Square Quantitative Management LLC purchased a new stake in Heico in the fourth quarter valued at approximately $37,000. FNY Investment Advisers LLC grew its holdings in Heico by 862.5% in the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 138 shares during the period. Finally, Flagship Harbor Advisors LLC acquired a new position in Heico during the fourth quarter valued at approximately $65,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on HEI. Jefferies Financial Group reissued a “buy” rating and issued a $410.00 target price (up from $375.00) on shares of Heico in a research note on Thursday, May 28th. BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Citigroup reissued a “buy” rating and issued a $403.00 target price (up from $323.00) on shares of Heico in a research note on Monday, June 1st. Susquehanna raised their target price on shares of Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Finally, UBS Group reissued a “neutral” rating and set a $390.00 target price (up from $371.00) on shares of Heico in a research report on Monday, June 1st. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.63.

Insider Buying and Selling at Heico

In related news, CAO Bradley K. Rowen sold 1,326 shares of the company’s stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.86% of the company’s stock.

Heico Trading Up 0.0%

NYSE:HEI opened at $331.65 on Monday. Heico Corporation has a twelve month low of $256.11 and a twelve month high of $361.69. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. The business has a 50 day moving average price of $297.61 and a two-hundred day moving average price of $312.70. The company has a market cap of $46.32 billion, a P/E ratio of 59.22, a price-to-earnings-growth ratio of 3.53 and a beta of 1.03.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 EPS for the quarter, beating the consensus estimate of $1.33 by $0.33. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 EPS. As a group, analysts expect that Heico Corporation will post 5.78 EPS for the current fiscal year.

About Heico

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.