HEICO Co. (NYSE:HEI) Shares Sold by Riverbridge Partners LLC

Riverbridge Partners LLC trimmed its position in shares of HEICO Co. (NYSE:HEI) by 4.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 866,925 shares of the aerospace company’s stock after selling 45,005 shares during the period. HEICO makes up about 2.8% of Riverbridge Partners LLC’s holdings, making the stock its 5th largest holding. Riverbridge Partners LLC’s holdings in HEICO were worth $206,103,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. EULAV Asset Management raised its holdings in shares of HEICO by 5.0% in the 3rd 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 increased its stake in HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after purchasing an additional 13,100 shares during the period. Driehaus Capital Management LLC increased its stake in HEICO by 66.0% during the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after purchasing an additional 77,067 shares during the period. Vantage Investment Partners LLC lifted its position in shares of HEICO by 1.4% during the third quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock worth $32,013,000 after purchasing an additional 1,717 shares in the last quarter. Finally, AXA S.A. grew its holdings in shares of HEICO by 11.0% in the second quarter. AXA S.A. now owns 101,980 shares of the aerospace company’s stock valued at $22,804,000 after purchasing an additional 10,143 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group started coverage on shares of HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. Deutsche Bank Aktiengesellschaft decreased 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. Morgan Stanley upped their price target on HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. KeyCorp initiated coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Finally, Truist Financial upped their target price on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research note on Friday, October 18th. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and a consensus price target of $270.20.

HEICO Stock Up 0.5 %

HEI stock opened at $241.38 on Thursday. The stock has a market cap of $33.51 billion, a P/E ratio of 65.95, a PEG ratio of 3.29 and a beta of 1.28. 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 twelve month low of $178.20 and a twelve month high of $283.60. The company’s 50 day moving average is $251.00 and its two-hundred day moving average is $249.31.

HEICO (NYSE:HEI) last announced its quarterly 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. The firm had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. HEICO’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the company earned $0.74 earnings per share. Research analysts expect that HEICO Co. will post 4.21 earnings per share for the current fiscal year.

HEICO Announces Dividend

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

HEICO 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.