River Global Investors LLP Buys Shares of 67,578 HEICO Co. (NYSE:HEI)

River Global Investors LLP bought a new stake in HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 67,578 shares of the aerospace company's stock, valued at approximately $16,073,000. HEICO comprises approximately 3.1% of River Global Investors LLP's holdings, making the stock its 10th biggest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in HEI. Compass Financial Services Inc acquired a new position in HEICO in the fourth quarter valued at $26,000. Rakuten Securities Inc. acquired a new stake in shares of HEICO in the 3rd quarter valued at about $81,000. Berbice Capital Management LLC purchased a new position in HEICO during the 4th quarter worth approximately $95,000. Brooklyn Investment Group acquired a new position in HEICO during the third quarter worth approximately $128,000. Finally, SBI Securities Co. Ltd. purchased a new stake in HEICO in the fourth quarter valued at approximately $135,000. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Stock Performance

Shares of HEICO stock traded down $0.43 on Wednesday, reaching $252.68. 661,216 shares of the stock were exchanged, compared to its average volume of 430,196. The firm has a market capitalization of $35.11 billion, a PE ratio of 69.04, a PEG ratio of 3.10 and a beta of 1.26. HEICO Co. has a 1-year low of $182.47 and a 1-year high of $283.60. The business has a fifty day moving average price of $237.07 and a two-hundred day moving average price of $250.91. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

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

HEICO Announces Dividend

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were issued a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO's dividend payout ratio (DPR) is currently 5.45%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Truist Financial raised their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating on the stock 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 for the company. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $271.40.

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.