Advisors Asset Management Inc. Grows Stock Position in HEICO Co. (NYSE:HEI)

Advisors Asset Management Inc. lifted its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 10.5% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 20,258 shares of the aerospace company's stock after acquiring an additional 1,924 shares during the period. Advisors Asset Management Inc.'s holdings in HEICO were worth $4,816,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Compass Financial Services Inc acquired a new stake in HEICO in the 4th quarter worth approximately $26,000. Berbice Capital Management LLC acquired a new stake in shares of HEICO during the fourth quarter worth $95,000. Brooklyn Investment Group purchased a new stake in shares of HEICO during the third quarter valued at $128,000. SBI Securities Co. Ltd. acquired a new position in shares of HEICO in the 4th quarter valued at $135,000. Finally, Householder Group Estate & Retirement Specialist LLC raised its stake in HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock worth $156,000 after acquiring an additional 543 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

HEICO Price Performance

HEI stock traded up $6.22 during mid-day trading on Monday, reaching $267.72. 402,619 shares of the company's stock were exchanged, compared to its average volume of 430,711. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO Co. has a 12-month low of $185.03 and a 12-month high of $283.60. The stock's 50 day moving average is $241.49 and its 200 day moving average is $251.31. The company has a market cap of $37.20 billion, a price-to-earnings ratio of 73.15, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26.

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HEICO (NYSE:HEI - Get Free Report) last announced its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, research analysts expect that HEICO Co. will post 4.2 EPS for the current year.

Wall Street Analyst Weigh In

HEI has been the topic of several research analyst reports. 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 note on Thursday, December 19th. Truist Financial upped their target price on HEICO from $282.00 to $294.00 and gave the company a "buy" rating in a research report on Wednesday, March 5th. Finally, KeyCorp started coverage on shares of HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $271.40.

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.