Stevens Capital Management LP Makes New $323,000 Investment in HEICO Co. (NYSE:HEI)

Stevens Capital Management LP bought a new stake in HEICO Co. (NYSE:HEI - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,360 shares of the aerospace company's stock, valued at approximately $323,000.

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

HEICO Stock Down 1.0 %

HEICO stock traded down $2.60 during midday trading on Friday, reaching $266.03. The stock had a trading volume of 484,749 shares, compared to its average volume of 443,416. The stock has a market capitalization of $36.96 billion, a P/E ratio of 72.68, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. The firm's fifty day simple moving average is $245.22 and its 200-day simple moving average is $251.89. 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 1-year low of $185.03 and a 1-year high of $283.60.

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HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) 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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. As a group, analysts expect that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on HEI. KeyCorp assumed coverage on shares of HEICO in a research note on Thursday, January 16th. They set a "sector weight" rating on the stock. Truist Financial boosted their price target on shares of HEICO from $282.00 to $294.00 and gave the company a "buy" rating in a report on Wednesday, March 5th. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research note on Tuesday. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.