Royce & Associates LP Reduces Holdings in HEICO Co. (NYSE:HEI)

Royce & Associates LP decreased its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 65.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,618 shares of the aerospace company's stock after selling 96,363 shares during the period. Royce & Associates LP's holdings in HEICO were worth $12,272,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. West Oak Capital LLC grew its holdings in HEICO by 2,400.0% during the fourth quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company's stock valued at $654,000 after purchasing an additional 2,640 shares during the period. Two Sigma Advisers LP grew its stake in shares of HEICO by 3.7% during the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company's stock valued at $94,885,000 after acquiring an additional 13,100 shares during the period. Fortress Financial Solutions LLC purchased a new stake in HEICO in the 4th quarter worth approximately $263,000. Hennion & Walsh Asset Management Inc. raised its stake in HEICO by 43.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company's stock worth $1,057,000 after acquiring an additional 1,355 shares during the period. Finally, Fisher Asset Management LLC lifted its holdings in HEICO by 19.1% during the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Remove Ads

HEICO Price Performance

Shares of NYSE HEI traded down $0.37 during midday trading on Friday, reaching $261.10. 543,242 shares of the stock traded hands, compared to its average volume of 429,580. The company's 50 day moving average is $240.79 and its 200 day moving average is $251.26. HEICO Co. has a one year low of $185.03 and a one year high of $283.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The stock has a market capitalization of $36.28 billion, a PE ratio of 71.34, a P/E/G ratio of 3.10 and a beta of 1.26.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. KeyCorp initiated coverage on shares of HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a report on Thursday, December 19th. Finally, Truist Financial upped their price objective on HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a research note on Wednesday, March 5th. Four 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, HEICO currently has an average rating of "Moderate Buy" and an average price target of $271.40.

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.