AIA Group Ltd Purchases 3,281 Shares of HEICO Co. (NYSE:HEI)

AIA Group Ltd boosted its stake in HEICO Co. (NYSE:HEI - Free Report) by 26.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,662 shares of the aerospace company's stock after acquiring an additional 3,281 shares during the quarter. AIA Group Ltd's holdings in HEICO were worth $3,723,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of HEI. Atom Investors LP acquired a new stake in HEICO during the 3rd quarter valued at approximately $1,129,000. Benjamin Edwards Inc. grew its holdings in HEICO by 388.3% during the 3rd quarter. Benjamin Edwards Inc. now owns 5,752 shares of the aerospace company's stock worth $1,504,000 after acquiring an additional 4,574 shares in the last quarter. Centiva Capital LP increased its position in shares of HEICO by 149.3% in the 3rd quarter. Centiva Capital LP now owns 9,113 shares of the aerospace company's stock worth $2,383,000 after purchasing an additional 5,457 shares during the last quarter. Holocene Advisors LP raised its stake in shares of HEICO by 5.8% in the 3rd quarter. Holocene Advisors LP now owns 4,821 shares of the aerospace company's stock valued at $1,261,000 after purchasing an additional 263 shares in the last quarter. Finally, Hilltop Holdings Inc. bought a new stake in HEICO in the third quarter valued at about $699,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Analyst Ratings Changes

A number of analysts have weighed in on HEI shares. William Blair reissued an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Truist Financial raised their price target on 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 objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Finally, KeyCorp began coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating on the stock. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $271.40.

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HEICO Stock Performance

Shares of HEI stock traded down $10.71 on Thursday, hitting $259.39. The company's stock had a trading volume of 384,884 shares, compared to its average volume of 557,972. The stock's 50 day moving average is $247.00 and its 200-day moving average is $252.13. HEICO Co. has a fifty-two week low of $185.03 and a fifty-two week high of $283.60. The company has a market capitalization of $36.04 billion, a PE ratio of 70.87, a PEG ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

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