Groupama Asset Managment Grows Stock Holdings in HEICO Co. (NYSE:HEI)

Groupama Asset Managment boosted its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 10.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,367 shares of the aerospace company's stock after acquiring an additional 1,321 shares during the quarter. Groupama Asset Managment's holdings in HEICO were worth $3,444,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of HEI. AIA Group Ltd grew its stake in shares of HEICO by 26.5% in the fourth quarter. AIA Group Ltd now owns 15,662 shares of the aerospace company's stock valued at $3,723,000 after acquiring an additional 3,281 shares in the last quarter. Gardner Lewis Asset Management L P grew its holdings in shares of HEICO by 1.8% during the fourth quarter. Gardner Lewis Asset Management L P now owns 10,838 shares of the aerospace company's stock worth $2,577,000 after purchasing an additional 195 shares during the last quarter. Orion Portfolio Solutions LLC grew its stake in shares of HEICO by 8.1% in the fourth quarter. Orion Portfolio Solutions LLC now owns 1,020 shares of the aerospace company's stock worth $242,000 after purchasing an additional 76 shares during the last quarter. EntryPoint Capital LLC bought a new position in HEICO during the 4th quarter worth approximately $220,000. Finally, Emerald Advisers LLC lifted its stake in shares of HEICO by 30.4% in the 4th quarter. Emerald Advisers LLC now owns 3,108 shares of the aerospace company's stock valued at $739,000 after purchasing an additional 725 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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HEICO Stock Down 4.1 %

NYSE HEI traded down $10.99 during trading on Thursday, reaching $259.11. 678,404 shares of the company's stock traded hands, compared to its average volume of 446,460. The firm has a market cap of $36.00 billion, a price-to-earnings ratio of 70.80, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. HEICO Co. has a 12-month low of $185.03 and a 12-month high of $283.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The company's 50 day simple moving average is $247.42 and its two-hundred day simple moving average is $252.18.

HEICO (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analyst estimates of $983.10 million. As a group, sell-side analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently commented on the company. William Blair reissued an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Truist Financial increased 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. KeyCorp began coverage on HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the company currently 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.