Marsico Capital Management LLC Has $25.54 Million Stock Holdings in HEICO Co. (NYSE:HEI)

Marsico Capital Management LLC increased its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 19.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 114,236 shares of the aerospace company's stock after buying an additional 18,465 shares during the quarter. HEICO accounts for approximately 0.8% of Marsico Capital Management LLC's holdings, making the stock its 24th biggest position. Marsico Capital Management LLC owned approximately 0.08% of HEICO worth $25,544,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of HEI. Virtu Financial LLC boosted its stake in shares of HEICO by 54.4% during the 2nd quarter. Virtu Financial LLC now owns 8,411 shares of the aerospace company's stock valued at $1,881,000 after buying an additional 2,962 shares during the period. J.W. Cole Advisors Inc. purchased a new position in HEICO in the second quarter valued at about $218,000. AdvisorShares Investments LLC increased its position in HEICO by 7.4% in the 2nd quarter. AdvisorShares Investments LLC now owns 32,593 shares of the aerospace company's stock worth $7,190,000 after purchasing an additional 2,244 shares during the last quarter. AGF Management Ltd. raised its stake in shares of HEICO by 61.7% during the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock worth $212,417,000 after purchasing an additional 362,625 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in shares of HEICO during the 2nd quarter worth about $45,000. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Stock Performance

Shares of NYSE:HEI traded down $3.18 during midday trading on Wednesday, hitting $258.64. The company's stock had a trading volume of 286,676 shares, compared to its average volume of 382,553. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The stock's 50 day simple moving average is $240.36 and its 200 day simple moving average is $219.26. The stock has a market capitalization of $35.82 billion, a price-to-earnings ratio of 81.69, a PEG ratio of 3.61 and a beta of 1.22. HEICO Co. has a fifty-two week low of $155.42 and a fifty-two week high of $264.22.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $992.20 million for the quarter, compared to analyst estimates of $995.34 million. During the same quarter last year, the firm posted $0.77 EPS. The company's revenue was up 37.3% on a year-over-year basis. As a group, research analysts anticipate that HEICO Co. will post 3.63 earnings per share for the current year.

HEICO Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Monday, July 15th. Investors of record on Monday, July 1st were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Monday, July 1st. This is an increase from HEICO's previous Semi-Annual dividend of $0.07. This represents a yield of 0.1%. HEICO's dividend payout ratio (DPR) is 6.92%.

Wall Street Analyst Weigh In

HEI has been the topic of a number of research reports. Robert W. Baird increased their price objective on HEICO from $243.00 to $280.00 and gave the stock an "outperform" rating in a report on Wednesday, August 28th. Stifel Nicolaus increased their price target on shares of HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a research note on Tuesday, August 27th. Bank of America raised their price target on shares of HEICO from $220.00 to $250.00 and gave the company a "buy" rating in a report on Monday, June 24th. Benchmark reissued a "buy" rating and set a $245.00 target price on shares of HEICO in a research report on Tuesday, August 27th. Finally, Truist Financial boosted their price target on HEICO from $248.00 to $264.00 and gave the stock a "buy" rating in a research report on Wednesday, August 28th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $259.67.

Insider Activity at HEICO

In other HEICO news, insider Eric A. Mendelson sold 2,832 shares of the firm's stock in a transaction that occurred on Monday, June 24th. The stock was sold at an average price of $180.06, for a total value of $509,929.92. Following the completion of the sale, the insider now owns 246,060 shares in the company, valued at approximately $44,305,563.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, insider Eric A. Mendelson sold 2,832 shares of the stock in a transaction on Monday, June 24th. The shares were sold at an average price of $180.06, for a total value of $509,929.92. Following the completion of the transaction, the insider now owns 246,060 shares in the company, valued at approximately $44,305,563.60. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Eric A. Mendelson sold 8,864 shares of HEICO stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the sale, the insider now owns 222,401 shares in the company, valued at $40,152,276.54. The disclosure for this sale can be found here. Insiders have sold 85,206 shares of company stock worth $15,571,927 over the last three months. Company insiders own 8.10% of the company's stock.

About HEICO

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.