Groupama Asset Managment Acquires 1,321 Shares of HEICO Co. (NYSE:HEI)

Groupama Asset Managment increased its holdings in shares of HEICO Co. (NYSE:HEI) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 14,367 shares of the aerospace company’s stock after buying an additional 1,321 shares during the quarter. Groupama Asset Managment’s holdings in HEICO were worth $3,444,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Morse Asset Management Inc raised its stake in shares of HEICO by 0.6% during the 3rd quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock worth $1,623,000 after purchasing an additional 38 shares during the period. Sequoia Financial Advisors LLC increased its holdings in HEICO by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company’s stock worth $231,000 after buying an additional 46 shares during the last quarter. Moran Wealth Management LLC raised its position in HEICO by 1.9% in the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company’s stock worth $639,000 after acquiring an additional 51 shares during the period. Moody Lynn & Lieberson LLC boosted its stake in HEICO by 1.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock valued at $1,011,000 after acquiring an additional 65 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its position in shares of HEICO by 2.4% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company’s stock valued at $667,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on HEI shares. Truist Financial lifted their price target on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft dropped 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. KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Finally, William Blair reaffirmed an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $271.40.

HEICO Stock Up 1.0 %

HEI stock opened at $269.80 on Wednesday. The stock has a 50-day simple moving average of $246.43 and a two-hundred day simple moving average of $252.00. HEICO Co. has a twelve month low of $185.03 and a twelve month high of $283.60. The firm has a market capitalization of $37.49 billion, a PE ratio of 73.72, a PEG ratio of 3.10 and a beta of 1.26. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.03 billion during the quarter, compared to analysts’ expectations of $983.10 million. On average, equities analysts predict 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.