Indivisible Partners Invests $5.88 Million in Heico Corporation $HEI

Indivisible Partners acquired a new position in shares of Heico Corporation (NYSE:HEI) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 18,179 shares of the aerospace company’s stock, valued at approximately $5,883,000.

A number of other institutional investors have also modified their holdings of the business. Westside Investment Management Inc. boosted its stake in Heico by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 43 shares during the period. Greykasell Wealth Strategies Inc. acquired a new stake in Heico during the 3rd quarter worth $29,000. Hazlett Burt & Watson Inc. acquired a new stake in Heico during the 3rd quarter worth $31,000. V Square Quantitative Management LLC acquired a new stake in Heico during the 4th quarter worth $37,000. Finally, FNY Investment Advisers LLC boosted its stake in Heico by 862.5% during the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 138 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a research note on Friday, May 1st. Wells Fargo & Company assumed coverage on shares of Heico in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price target for the company. Susquehanna assumed coverage on shares of Heico in a research note on Friday, January 23rd. They set a “neutral” rating and a $385.00 price target for the company. Finally, Weiss Ratings cut shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $358.71.

Insider Activity at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 4.86% of the company’s stock.

Heico Stock Performance

Shares of HEI opened at $277.19 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06. The stock has a market capitalization of $38.67 billion, a P/E ratio of 54.78, a P/E/G ratio of 3.30 and a beta of 0.95. The company’s fifty day moving average is $290.50 and its two-hundred day moving average is $313.14. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $361.69.

Heico (NYSE:HEI) last issued its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.26 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business’s revenue was up 14.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.20 EPS. On average, sell-side analysts predict that Heico Corporation will post 5.56 earnings per share for the current 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.