Capital Fund Management S.A. Makes New Investment in HEICO Co. (NYSE:HEI)

Capital Fund Management S.A. bought a new position in HEICO Co. (NYSE:HEI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 13,324 shares of the aerospace company's stock, valued at approximately $3,168,000.

Other large investors have also made changes to their positions in the company. Azimuth Capital Investment Management LLC raised its stake in HEICO by 0.7% during the 4th quarter. Azimuth Capital Investment Management LLC now owns 100,810 shares of the aerospace company's stock valued at $23,967,000 after purchasing an additional 718 shares during the period. Aster Capital Management DIFC Ltd grew its stake in HEICO by 252.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock valued at $158,000 after acquiring an additional 475 shares in the last quarter. Motley Fool Asset Management LLC increased its holdings in shares of HEICO by 7.8% in the 4th quarter. Motley Fool Asset Management LLC now owns 1,776 shares of the aerospace company's stock valued at $422,000 after purchasing an additional 129 shares during the period. World Investment Advisors boosted its holdings in shares of HEICO by 31.1% during the fourth quarter. World Investment Advisors now owns 1,581 shares of the aerospace company's stock worth $376,000 after purchasing an additional 375 shares during the period. Finally, Cinctive Capital Management LP acquired a new position in HEICO in the 4th quarter valued at approximately $404,000. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Stock Performance

HEI stock traded down $2.57 during mid-day trading on Friday, reaching $244.58. 548,199 shares of the stock traded hands, compared to its average volume of 460,022. 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 business has a 50-day moving average of $249.94 and a two-hundred day moving average of $250.89. The firm has a market capitalization of $33.98 billion, a PE ratio of 66.83, a P/E/G ratio of 3.10 and a beta of 1.07. HEICO Co. has a 52 week low of $196.38 and a 52 week high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. As a group, equities analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently commented on HEI. KeyCorp initiated coverage on shares of HEICO in a report on Thursday, January 16th. They set a "sector weight" rating on the stock. Wells Fargo & Company started coverage on HEICO in a research note on Tuesday. They issued an "equal weight" rating and a $244.00 price target for the company. Deutsche Bank Aktiengesellschaft cut their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a research report on Thursday, December 19th. William Blair reissued an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Finally, Truist Financial cut their price target on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $267.36.

HEICO Company 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.