Capital International Ltd. CA Acquires 4,348 Shares of HEICO Co. (NYSE:HEI)

Capital International Ltd. CA lifted its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 51,333 shares of the aerospace company's stock after purchasing an additional 4,348 shares during the period. Capital International Ltd. CA's holdings in HEICO were worth $12,204,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Wealthfront Advisers LLC raised its position in HEICO by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after purchasing an additional 22,224,106 shares during the last quarter. River Global Investors LLP purchased a new stake in HEICO during the 4th quarter valued at approximately $16,073,000. Fisher Asset Management LLC grew its stake in shares of HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares during the last quarter. EULAV Asset Management increased its holdings in shares of HEICO by 12.8% in the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after purchasing an additional 51,500 shares during the period. Finally, Vantage Investment Partners LLC lifted its holdings in shares of HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock worth $38,127,000 after purchasing an additional 37,943 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Price Performance

HEI traded up $2.12 during trading on Wednesday, reaching $243.10. The stock had a trading volume of 246,336 shares, compared to its average volume of 461,462. HEICO Co. has a 1-year low of $199.94 and a 1-year high of $283.60. The firm has a market capitalization of $33.78 billion, a price-to-earnings ratio of 66.42, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The stock has a 50 day moving average of $250.72 and a two-hundred day moving average of $250.36. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS 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 business had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. As a group, equities analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HEI shares. KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They issued a "sector weight" rating on the stock. Wells Fargo & Company initiated coverage on shares of HEICO in a report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price target for the company. William Blair reissued an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Finally, Truist Financial reduced their price target on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, HEICO presently 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.