HEICO Co. (NYSE:HEI) Shares Sold by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC lowered its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 43.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,681 shares of the aerospace company's stock after selling 23,985 shares during the quarter. Gateway Investment Advisers LLC's holdings in HEICO were worth $7,294,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HEI. West Oak Capital LLC grew its holdings in shares of HEICO by 2,400.0% during the fourth quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company's stock worth $654,000 after purchasing an additional 2,640 shares during the last quarter. Two Sigma Advisers LP lifted its stake in HEICO by 3.7% in the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company's stock valued at $94,885,000 after buying an additional 13,100 shares during the last quarter. Driehaus Capital Management LLC lifted its stake in HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company's stock valued at $43,357,000 after buying an additional 77,067 shares during the last quarter. Bright Rock Capital Management LLC acquired a new stake in shares of HEICO in the third quarter valued at approximately $1,830,000. Finally, Seven Eight Capital LP purchased a new position in shares of HEICO during the second quarter worth approximately $423,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

HEICO Trading Up 0.5 %

Shares of HEI stock traded up $1.29 during mid-day trading on Friday, reaching $236.87. The company's stock had a trading volume of 612,460 shares, compared to its average volume of 748,405. The company's 50 day simple moving average is $253.10 and its 200-day simple moving average is $248.78. 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 Co. has a 12-month low of $171.14 and a 12-month high of $283.60. The firm has a market capitalization of $32.88 billion, a PE ratio of 64.72, a price-to-earnings-growth ratio of 3.08 and a beta of 1.28.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts' consensus estimates of $0.97 by $0.02. The firm had revenue of $1.01 billion during the quarter, compared to analysts' expectations of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. HEICO's quarterly revenue was up 8.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. On average, research analysts predict that HEICO Co. will post 4.21 EPS for the current fiscal year.

HEICO Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HEI. KeyCorp started coverage on shares of HEICO in a research report on Thursday. They set a "sector weight" rating on the stock. Bank of America upped their price objective on HEICO from $250.00 to $285.00 and gave the company a "buy" rating in a research note on Thursday, September 19th. Deutsche Bank Aktiengesellschaft lowered their target price on HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Truist Financial increased their price target on HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Finally, Morgan Stanley boosted 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. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $270.20.

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.