HEICO (NYSE:HEI) Now Covered by Analysts at Wells Fargo & Company

Stock analysts at Wells Fargo & Company started coverage on shares of HEICO (NYSE:HEI - Get Free Report) in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm set an "equal weight" rating and a $244.00 price target on the aerospace company's stock. Wells Fargo & Company's target price indicates a potential downside of 0.24% from the company's previous close.

Several other brokerages also recently commented on HEI. William Blair reissued an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. KeyCorp started coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating for the company. Truist Financial boosted their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $267.36.

HEICO Price Performance

Shares of HEICO stock traded down $2.57 on Tuesday, reaching $244.58. 548,199 shares of the stock were exchanged, compared to its average volume of 460,491. The firm's 50 day moving average is $250.19 and its 200-day moving average is $250.76. The firm has a market cap of $33.98 billion, a PE ratio of 66.83, a P/E/G ratio of 3.10 and a beta of 1.07. 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 has a one year low of $196.38 and a one year high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $983.10 million. As a group, analysts anticipate that HEICO will post 4.2 EPS for the current fiscal year.

Hedge Funds Weigh In On HEICO

A number of hedge funds and other institutional investors have recently made changes to their positions in HEI. Wealthfront Advisers LLC lifted its position in shares of HEICO by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC acquired a new stake in shares of HEICO during the 4th quarter worth approximately $110,503,000. EULAV Asset Management increased its stake in shares of HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after acquiring an additional 51,500 shares in the last quarter. Fisher Asset Management LLC lifted its position 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 valued at $98,791,000 after acquiring an additional 66,583 shares during the period. Finally, Two Sigma Advisers LP boosted its stake in HEICO by 2.3% during the fourth quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after acquiring an additional 8,300 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

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.