Nikko Asset Management Americas Inc. Lowers Stock Position in HEICO Co. (NYSE:HEI)

Nikko Asset Management Americas Inc. lowered its stake in HEICO Co. (NYSE:HEI - Free Report) by 17.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,685 shares of the aerospace company's stock after selling 3,384 shares during the period. Nikko Asset Management Americas Inc.'s holdings in HEICO were worth $3,729,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Compass Financial Services Inc bought a new stake in HEICO during the 4th quarter worth approximately $26,000. Berbice Capital Management LLC acquired a new stake in HEICO in the fourth quarter valued at $95,000. Brooklyn Investment Group bought a new position in HEICO during the 3rd quarter worth $128,000. SBI Securities Co. Ltd. acquired a new position in HEICO during the 4th quarter worth about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in shares of HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after buying an additional 543 shares during the period. Institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on the company. Truist Financial upped their target price on HEICO from $282.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research report on Thursday, December 19th. Finally, KeyCorp started coverage on shares of HEICO in a report on Thursday, January 16th. They issued a "sector weight" rating on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $271.40.

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HEICO Stock Down 0.1 %

HEICO stock traded down $0.37 during mid-day trading on Friday, reaching $261.10. The stock had a trading volume of 543,242 shares, compared to its average volume of 429,580. 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 Co. has a fifty-two week low of $185.03 and a fifty-two week high of $283.60. The stock's 50-day simple moving average is $240.79 and its 200-day simple moving average is $251.26. The firm has a market capitalization of $36.28 billion, a PE ratio of 71.34, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26.

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, beating analysts' consensus estimates of $0.93 by $0.27. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. On average, sell-side analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

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.