Dynamic Technology Lab Private Ltd Decreases Position in HEICO Co. (NYSE:HEI)

Dynamic Technology Lab Private Ltd cut its holdings in HEICO Co. (NYSE:HEI - Free Report) by 29.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,480 shares of the aerospace company's stock after selling 1,483 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in HEICO were worth $827,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Compass Financial Services Inc purchased a new stake in HEICO during the 4th quarter valued at $26,000. Berbice Capital Management LLC purchased a new stake in HEICO during the fourth quarter valued at $95,000. SBI Securities Co. Ltd. bought a new position in HEICO in the fourth quarter valued at about $135,000. Householder Group Estate & Retirement Specialist LLC boosted its position in HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock worth $156,000 after purchasing an additional 543 shares during the last quarter. Finally, Legacy Wealth Management LLC MS bought a new stake in shares of HEICO during the 3rd quarter valued at about $214,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

HEICO Price Performance

NYSE HEI traded down $0.58 during trading hours on Friday, reaching $248.83. The company's stock had a trading volume of 216,295 shares, compared to its average volume of 573,453. HEICO Co. has a 1 year low of $191.07 and a 1 year high of $283.60. The firm's 50-day moving average price is $248.46 and its 200-day moving average price is $251.23. 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 company has a market capitalization of $34.57 billion, a price-to-earnings ratio of 67.81, a PEG ratio of 3.10 and a beta of 1.07.

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HEICO (NYSE:HEI - Get Free Report) last announced 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. The business had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. On average, equities research analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

HEI has been the topic of a number of research reports. Truist Financial raised their price objective on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. William Blair reissued an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft decreased their target price 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 initiated coverage on HEICO in a report on Thursday, January 16th. They set a "sector weight" rating for the company. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target 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.