HEICO Co. (NYSE:HEI) Shares Sold by Ibex Wealth Advisors

Ibex Wealth Advisors lessened its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 9.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,057 shares of the aerospace company's stock after selling 2,024 shares during the quarter. Ibex Wealth Advisors' holdings in HEICO were worth $4,768,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vantage Investment Partners LLC lifted 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 valued at $38,127,000 after purchasing an additional 37,943 shares during the last quarter. EULAV Asset Management lifted its holdings in shares of HEICO by 5.0% during the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company's stock valued at $105,165,000 after purchasing an additional 19,200 shares during the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of HEICO during the 3rd quarter valued at $4,502,000. Quantbot Technologies LP lifted 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 valued at $4,916,000 after purchasing an additional 15,214 shares during the last quarter. Finally, Integrated Investment Consultants LLC lifted 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 valued at $4,430,000 after purchasing an additional 14,911 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

HEICO Price Performance

Shares of NYSE:HEI traded up $4.01 during trading on Thursday, reaching $238.16. 293,654 shares of the company's stock traded hands, compared to its average volume of 622,692. HEICO Co. has a fifty-two week low of $178.20 and a fifty-two week high of $283.60. 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 firm has a market cap of $33.06 billion, a PE ratio of 65.07, a P/E/G ratio of 3.32 and a beta of 1.28. The company has a 50-day simple moving average of $247.22 and a 200-day simple moving average of $249.64.

HEICO (NYSE:HEI - Get Free Report) last posted its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating analysts' consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.01 billion for the quarter, compared to analysts' expectations of $1.03 billion. During the same period last year, the firm earned $0.74 EPS. The company's quarterly revenue was up 8.2% on a year-over-year basis. As a group, analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were given 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 (DPR) is presently 6.01%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HEI shares. UBS Group started coverage on HEICO in a research note on Tuesday, October 15th. They issued a "neutral" rating and a $277.00 target price for the company. Morgan Stanley raised their target price on HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a research note on Friday, October 18th. Deutsche Bank Aktiengesellschaft reduced their target price on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Truist Financial raised their target price on HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a research note on Friday, October 18th. Finally, KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating for the company. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $270.20.

HEICO 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.