Private Advisor Group LLC Has $2.65 Million Stock Holdings in HEICO Co. (NYSE:HEI)

Private Advisor Group LLC lowered its stake in HEICO Co. (NYSE:HEI) by 6.7% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 11,154 shares of the aerospace company’s stock after selling 799 shares during the period. Private Advisor Group LLC’s holdings in HEICO were worth $2,652,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Fortress Financial Solutions LLC acquired a new position in shares of HEICO in the fourth quarter valued at approximately $263,000. Compass Financial Services Inc bought a new stake in HEICO in the 4th quarter valued at $26,000. EULAV Asset Management grew its holdings in HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after buying an additional 51,500 shares in the last quarter. Barrett & Company Inc. increased its position in HEICO by 12.2% during the 4th quarter. Barrett & Company Inc. now owns 3,141 shares of the aerospace company’s stock worth $747,000 after buying an additional 341 shares during the period. Finally, Longboard Asset Management LP acquired a new stake in shares of HEICO during the fourth quarter worth $242,000. 27.12% of the stock is owned by institutional investors.

HEICO Stock Performance

NYSE HEI opened at $229.63 on Tuesday. The firm’s 50 day simple moving average is $233.76 and its 200 day simple moving average is $249.66. The firm has a market capitalization of $31.88 billion, a price-to-earnings ratio of 62.74, a P/E/G ratio of 3.10 and a beta of 1.29. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO Co. has a 1 year low of $182.47 and a 1 year high of $283.60.

HEICO (NYSE:HEI) last issued its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the business posted $0.74 EPS. The company’s revenue was up 8.2% compared to the same quarter last year. As a group, research analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a dividend of $0.11 per share. This represents a yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s payout ratio is 6.01%.

Analyst Upgrades and Downgrades

HEI has been the topic of several research reports. KeyCorp started coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft decreased their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $270.20.

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.