Qtron Investments LLC Buys 625 Shares of HEICO Co. (NYSE:HEI)

Qtron Investments LLC grew its stake in HEICO Co. (NYSE:HEI) by 21.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,520 shares of the aerospace company’s stock after acquiring an additional 625 shares during the period. Qtron Investments LLC’s holdings in HEICO were worth $837,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of HEI. West Oak Capital LLC lifted its holdings in HEICO by 2,400.0% during the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock worth $654,000 after buying an additional 2,640 shares in the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of HEICO during the fourth quarter worth $263,000. Hennion & Walsh Asset Management Inc. lifted its stake in shares of HEICO by 43.9% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock valued at $1,057,000 after acquiring an additional 1,355 shares during the period. EntryPoint Capital LLC bought a new position in HEICO in the fourth quarter valued at about $220,000. Finally, Fisher Asset Management LLC increased its position in HEICO by 19.1% in the fourth 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 during the period. 27.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on HEI shares. William Blair reaffirmed an “outperform” rating on shares of HEICO in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Truist Financial upped their target price on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $271.40.

HEICO Price Performance

HEI opened at $250.00 on Friday. The company has a fifty day simple moving average of $248.76 and a 200 day simple moving average of $251.14. 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 stock has a market cap of $34.74 billion, a P/E ratio of 68.31, a P/E/G ratio of 3.10 and a beta of 1.07. HEICO Co. has a 12 month low of $191.07 and a 12 month high of $283.60.

HEICO (NYSE:HEI) last released its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. On average, research analysts expect that HEICO Co. will post 4.2 EPS for the current year.

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.