Federated Hermes Inc. lifted its holdings in shares of HEICO Co. (NYSE:HEI – Free Report) by 8.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 567,103 shares of the aerospace company’s stock after purchasing an additional 43,509 shares during the period. Federated Hermes Inc. owned 0.41% of HEICO worth $101,438,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC boosted its holdings in HEICO by 2.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock worth $428,000 after acquiring an additional 60 shares in the last quarter. Essex LLC boosted its holdings in HEICO by 5.4% in the third quarter. Essex LLC now owns 1,265 shares of the aerospace company’s stock worth $205,000 after acquiring an additional 65 shares in the last quarter. Janiczek Wealth Management LLC boosted its holdings in HEICO by 18.3% in the third quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company’s stock worth $72,000 after acquiring an additional 69 shares in the last quarter. Sunbelt Securities Inc. boosted its holdings in HEICO by 13.4% in the second quarter. Sunbelt Securities Inc. now owns 729 shares of the aerospace company’s stock worth $129,000 after acquiring an additional 86 shares in the last quarter. Finally, Harbour Investments Inc. boosted its holdings in HEICO by 41.5% in the second quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company’s stock worth $60,000 after acquiring an additional 100 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.
Analyst Ratings Changes
A number of research analysts have recently weighed in on HEI shares. Stifel Nicolaus raised their target price on HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a report on Tuesday, April 9th. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, January 25th. Finally, Royal Bank of Canada raised their target price on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a report on Monday, February 26th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $204.50.
Check Out Our Latest Stock Report on HEICO
HEICO Price Performance
NYSE HEI traded up $0.68 during trading on Friday, reaching $197.34. The company’s stock had a trading volume of 40,492 shares, compared to its average volume of 371,298. The stock has a market capitalization of $27.30 billion, a PE ratio of 64.26, a P/E/G ratio of 3.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. The firm has a fifty day moving average of $191.28 and a 200 day moving average of $178.88. HEICO Co. has a one year low of $153.63 and a one year high of $200.64.
HEICO (NYSE:HEI – Get Free Report) last announced its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The business had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The company’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.67 EPS. Analysts expect that HEICO Co. will post 3.47 EPS for the current fiscal year.
Insider Activity
In other news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the transaction, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company’s stock.
HEICO Profile
(Free Report)
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.
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