Capital International Ltd. CA Grows Stock Position in HEICO Co. (NYSE:HEI)

Capital International Ltd. CA lifted its holdings in shares of HEICO Co. (NYSE:HEI) by 9.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 51,333 shares of the aerospace company’s stock after acquiring an additional 4,348 shares during the period. Capital International Ltd. CA’s holdings in HEICO were worth $12,204,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Capital Group Investment Management PTE. LTD. increased its stake in HEICO by 2.1% during the 4th quarter. Capital Group Investment Management PTE. LTD. now owns 10,116 shares of the aerospace company’s stock valued at $2,405,000 after purchasing an additional 207 shares in the last quarter. NewEdge Advisors LLC raised its stake in HEICO by 6.7% in the 4th quarter. NewEdge Advisors LLC now owns 1,542 shares of the aerospace company’s stock worth $367,000 after acquiring an additional 97 shares during the last quarter. United Capital Financial Advisors LLC lifted its position in HEICO by 5.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company’s stock worth $248,000 after acquiring an additional 56 shares during the period. Belpointe Asset Management LLC grew its stake in HEICO by 97.3% during the 4th quarter. Belpointe Asset Management LLC now owns 4,215 shares of the aerospace company’s stock valued at $1,081,000 after purchasing an additional 2,079 shares during the last quarter. Finally, Qtron Investments LLC increased its holdings in shares of HEICO by 21.6% in the fourth quarter. Qtron Investments LLC now owns 3,520 shares of the aerospace company’s stock valued at $837,000 after purchasing an additional 625 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on HEI shares. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Wells Fargo & Company started coverage on shares of HEICO in a research note on Tuesday. They issued an “equal weight” rating and a $244.00 price objective on the stock. Truist Financial decreased their target price on shares of HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a research report on Thursday. Deutsche Bank Aktiengesellschaft cut their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Finally, William Blair reissued an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and an average target price of $267.36.

HEICO Trading Down 1.0 %

Shares of HEI stock opened at $244.58 on Friday. The stock has a 50 day simple moving average of $249.94 and a 200-day simple moving average of $250.89. HEICO Co. has a 1-year low of $196.38 and a 1-year high of $283.60. The company has a market cap of $33.98 billion, a price-to-earnings ratio of 66.83, a PEG ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

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

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.