HEICO Co. (NYSE:HEI) Shares Purchased by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich grew its stake in HEICO Co. (NYSE:HEI - Free Report) by 13.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 70,852 shares of the aerospace company's stock after purchasing an additional 8,628 shares during the period. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.05% of HEICO worth $17,692,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. E Fund Management Co. Ltd. purchased a new stake in HEICO in the 4th quarter valued at $428,000. Cookson Peirce & Co. Inc. grew its holdings in shares of HEICO by 59.8% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 3,056 shares of the aerospace company's stock valued at $727,000 after purchasing an additional 1,144 shares during the period. Snider Financial Group increased its position in HEICO by 0.6% during the fourth quarter. Snider Financial Group now owns 11,438 shares of the aerospace company's stock worth $2,719,000 after purchasing an additional 71 shares during the last quarter. SBI Securities Co. Ltd. acquired a new stake in HEICO during the fourth quarter worth about $135,000. Finally, Williamson Legacy Group LLC raised its stake in HEICO by 11.2% during the fourth quarter. Williamson Legacy Group LLC now owns 3,104 shares of the aerospace company's stock worth $738,000 after purchasing an additional 313 shares during the period. Institutional investors and hedge funds own 27.12% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft lowered their price objective on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating on the stock. Finally, Truist Financial raised their price objective on HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, HEICO currently has an average rating of "Moderate Buy" and a consensus price target of $271.40.

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HEICO Stock Down 0.2 %

NYSE HEI traded down $0.43 during trading hours on Wednesday, hitting $252.68. 661,211 shares of the company were exchanged, compared to its average volume of 430,196. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The firm has a market cap of $35.11 billion, a price-to-earnings ratio of 69.04, a PEG ratio of 3.10 and a beta of 1.26. The company has a 50 day moving average of $237.07 and a two-hundred day moving average of $250.91. HEICO Co. has a 52-week low of $182.47 and a 52-week high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results 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 net margin of 13.33% and a return on equity of 14.63%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. Equities research analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Dividend Announcement

The company also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.11 per share. The ex-dividend date of this dividend was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO's payout ratio is currently 5.45%.

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.