1,050 Shares in HEICO Co. (NYSE:HEI) Acquired by Simon Quick Advisors LLC

Simon Quick Advisors LLC bought a new stake in shares of HEICO Co. (NYSE:HEI) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 1,050 shares of the aerospace company’s stock, valued at approximately $250,000.

Other institutional investors have also added to or reduced their stakes in the company. Marshall Wace LLP purchased a new stake in shares of HEICO in the 2nd quarter worth $2,037,000. AXA S.A. grew its holdings in HEICO by 11.0% during 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 during the period. Scientech Research LLC purchased a new stake in HEICO in the second quarter worth about $534,000. Security National Bank of SO Dak bought a new position in shares of HEICO in the second quarter worth about $206,000. Finally, Driehaus Capital Management LLC lifted its position in shares of HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after buying an additional 77,067 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

HEICO Price Performance

Shares of HEICO stock opened at $235.42 on Friday. The firm has a market cap of $32.68 billion, a PE ratio of 64.32, a PEG ratio of 3.32 and a beta of 1.28. The stock has a 50 day moving average of $249.52 and a 200 day moving average of $249.28. 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 12 month low of $178.20 and a 12 month high of $283.60.

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

HEICO Announces Dividend

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

Wall Street Analyst Weigh In

HEI has been the topic of a number of recent analyst reports. KeyCorp started coverage on shares of HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Morgan Stanley lifted their target price on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. UBS Group assumed coverage on HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price objective 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, Truist Financial increased their target price on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.