Baader Bank Aktiengesellschaft Sells 1,860 Shares of HEICO Co. (NYSE:HEI)

Baader Bank Aktiengesellschaft trimmed its holdings in HEICO Co. (NYSE:HEI - Free Report) by 9.5% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,650 shares of the aerospace company's stock after selling 1,860 shares during the quarter. Baader Bank Aktiengesellschaft's holdings in HEICO were worth $4,196,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of HEI. Vantage Investment Partners LLC lifted its stake in HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock valued at $38,127,000 after buying an additional 37,943 shares in the last quarter. EULAV Asset Management lifted its stake in HEICO by 5.0% during the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company's stock valued at $105,165,000 after buying an additional 19,200 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in HEICO during the third quarter valued at about $4,502,000. Quantbot Technologies LP lifted its stake in HEICO by 424.1% during the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company's stock valued at $4,916,000 after buying an additional 15,214 shares in the last quarter. Finally, Integrated Investment Consultants LLC lifted its stake in HEICO by 734.2% during the third quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company's stock valued at $4,430,000 after buying an additional 14,911 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on HEI shares. Morgan Stanley upped their price objective 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. KeyCorp began coverage on shares of HEICO in a research report on Thursday, January 16th. They issued a "sector weight" rating for the company. Truist Financial increased their price target on shares of HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a research report on Friday, October 18th. UBS Group began coverage on shares of HEICO in a research report on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, HEICO has an average rating of "Moderate Buy" and an average target price of $270.20.

HEICO Stock Up 1.6 %

NYSE:HEI traded up $3.67 during mid-day trading on Thursday, reaching $237.82. The stock had a trading volume of 109,883 shares, compared to its average volume of 612,607. The business's 50 day moving average is $247.22 and its 200 day moving average is $249.64. HEICO Co. has a fifty-two week low of $178.20 and a fifty-two week high of $283.60. The stock has a market cap of $33.02 billion, a P/E ratio of 64.94, a PEG ratio of 3.32 and a beta of 1.28. 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 (NYSE:HEI - Get Free Report) last announced its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter last year, the company posted $0.74 earnings per share. The company's revenue for the quarter was up 8.2% compared to the same quarter last year. As a group, sell-side analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Announces Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO's dividend payout ratio is 6.01%.

HEICO 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.