Baader Bank Aktiengesellschaft Sells 1,860 Shares of HEICO Co. (NYSE:HEI)

Baader Bank Aktiengesellschaft lessened its stake in HEICO Co. (NYSE:HEI) by 9.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 17,650 shares of the aerospace company’s stock after selling 1,860 shares during the quarter. Baader Bank Aktiengesellschaft’s holdings in HEICO were worth $4,196,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. EULAV Asset Management raised its stake in shares of HEICO by 5.0% in the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after buying an additional 19,200 shares during the period. Two Sigma Advisers LP raised its stake in HEICO by 3.7% in the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after acquiring an additional 13,100 shares during the period. Vantage Investment Partners LLC lifted its holdings in HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after purchasing an additional 37,943 shares during the last quarter. Carderock Capital Management Inc. boosted its position in HEICO by 2.7% during the third quarter. Carderock Capital Management Inc. now owns 37,261 shares of the aerospace company’s stock worth $9,743,000 after purchasing an additional 969 shares during the period. Finally, MinichMacGregor Wealth Management LLC increased its stake in shares of HEICO by 5.3% in the fourth quarter. MinichMacGregor Wealth Management LLC now owns 34,764 shares of the aerospace company’s stock worth $8,265,000 after purchasing an additional 1,746 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Down 0.3 %

Shares of HEICO stock opened at $234.49 on Thursday. The company has a 50-day simple moving average of $247.22 and a two-hundred day simple moving average of $249.64. The stock has a market capitalization of $32.55 billion, a PE ratio of 64.07, a price-to-earnings-growth ratio of 3.32 and a beta of 1.28. HEICO Co. has a 52-week low of $178.20 and a 52-week high of $283.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI) last released its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. The business had revenue of $1.01 billion for the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm’s quarterly revenue was up 8.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.74 EPS. On average, analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. UBS Group assumed coverage on shares of HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price target on the stock. KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Morgan Stanley lifted their price target on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Truist Financial increased their price objective on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price 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.