E Fund Management Co. Ltd. Acquires Shares of 1,800 HEICO Co. (NYSE:HEI)

E Fund Management Co. Ltd. purchased a new stake in HEICO Co. (NYSE:HEI - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 1,800 shares of the aerospace company's stock, valued at approximately $428,000.

Several other institutional investors and hedge funds have also recently modified their holdings of HEI. Fisher Asset Management LLC boosted its holdings in shares of HEICO by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after purchasing an additional 66,583 shares during the last quarter. EULAV Asset Management boosted its holdings in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock worth $107,861,000 after purchasing an additional 51,500 shares during the last quarter. Vantage Investment Partners LLC boosted its holdings in shares of HEICO by 31.0% during the 4th 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 last quarter. Quantbot Technologies LP boosted its holdings in shares of HEICO by 424.1% during the 3rd quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company's stock worth $4,916,000 after purchasing an additional 15,214 shares during the last quarter. Finally, Integrated Investment Consultants LLC boosted its holdings in shares of HEICO by 734.2% during the 3rd quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company's stock worth $4,430,000 after purchasing an additional 14,911 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

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HEICO Stock Performance

Shares of HEI stock traded down $7.34 during mid-day trading on Monday, hitting $255.39. 307,880 shares of the stock were exchanged, compared to its average volume of 427,723. The stock's fifty day simple moving average is $236.41 and its two-hundred day simple moving average is $250.79. The stock has a market capitalization of $35.48 billion, a price-to-earnings ratio of 69.83, a P/E/G ratio of 3.10 and a beta of 1.26. HEICO Co. has a 12-month low of $182.47 and a 12-month high of $283.60. 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 (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, analysts forecast that HEICO Co. will post 4.2 EPS for the current year.

HEICO Dividend Announcement

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

Analyst Upgrades and Downgrades

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

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.