Semanteon Capital Management LP raised its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 32.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 6,120 shares of the aerospace company's stock after purchasing an additional 1,489 shares during the period. HEICO accounts for 0.8% of Semanteon Capital Management LP's portfolio, making the stock its 20th largest holding. Semanteon Capital Management LP's holdings in HEICO were worth $1,455,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently modified their holdings of the company. Wealthfront Advisers LLC lifted its position in HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares during the last quarter. River Global Investors LLP acquired a new position in shares of HEICO during the 4th quarter worth about $16,073,000. Fisher Asset Management LLC grew its holdings in HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after buying an additional 66,583 shares during the last quarter. EULAV Asset Management increased its position in HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock worth $107,861,000 after buying an additional 51,500 shares during the period. Finally, Vantage Investment Partners LLC lifted its holdings in shares of HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock worth $38,127,000 after buying an additional 37,943 shares during the last quarter. Institutional investors own 27.12% of the company's stock.
HEICO Price Performance
Shares of HEICO stock traded up $3.36 during midday trading on Tuesday, hitting $271.24. 460,998 shares of the company were exchanged, compared to its average volume of 430,662. The firm has a market cap of $37.69 billion, a P/E ratio of 74.11, a PEG ratio of 3.10 and a beta of 1.26. HEICO Co. has a 52 week low of $185.03 and a 52 week 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 firm has a 50 day simple moving average of $242.32 and a 200-day simple moving average of $251.42.
HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. Research analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of equities analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft dropped their target price 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. Truist Financial lifted their target price on HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. William Blair restated an "outperform" rating on shares of HEICO in a research note on Tuesday. Finally, KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They set a "sector weight" rating on the stock. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $271.40.
Check Out Our Latest Research Report on HEI
About HEICO
(
Free Report)
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.
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