Vantage Investment Partners LLC Purchases 37,943 Shares of HEICO Co. (NYSE:HEI)

Vantage Investment Partners LLC increased its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 31.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 160,373 shares of the aerospace company's stock after buying an additional 37,943 shares during the quarter. HEICO comprises approximately 3.3% of Vantage Investment Partners LLC's investment portfolio, making the stock its 12th biggest position. Vantage Investment Partners LLC owned about 0.12% of HEICO worth $38,127,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. West Oak Capital LLC boosted its position in shares of HEICO by 2,400.0% during the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company's stock worth $654,000 after acquiring an additional 2,640 shares in the last quarter. Two Sigma Advisers LP raised its stake in HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company's stock worth $94,885,000 after acquiring an additional 13,100 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of HEICO by 43.9% in the fourth 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 last quarter. Bright Rock Capital Management LLC acquired a new stake in shares of HEICO in the 3rd quarter valued at approximately $1,830,000. Finally, Atom Investors LP acquired a new position in HEICO during the 3rd quarter worth approximately $1,129,000. Institutional investors own 27.12% of the company's stock.

HEICO Trading Down 0.1 %

Shares of NYSE HEI traded down $0.34 during midday trading on Tuesday, reaching $235.09. The stock had a trading volume of 271,159 shares, compared to its average volume of 642,276. The company's 50 day moving average price is $248.83 and its 200 day moving average price is $249.69. 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 twelve month low of $178.20 and a twelve month high of $283.60. The firm has a market cap of $32.64 billion, a price-to-earnings ratio of 64.23, a price-to-earnings-growth ratio of 3.32 and a beta of 1.28.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.97 by $0.02. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the previous year, the business earned $0.74 earnings per share. HEICO's revenue for the quarter was up 8.2% on a year-over-year basis. As a group, sell-side analysts expect that HEICO Co. will post 4.2 EPS for the current year.

HEICO Dividend Announcement

The firm also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid a dividend of $0.11 per share. The ex-dividend date was Friday, January 3rd. This represents a yield of 0.1%. HEICO's dividend payout ratio is currently 6.01%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on HEI shares. UBS Group started coverage on shares of HEICO in a research note on Tuesday, October 15th. They set a "neutral" rating and a $277.00 target price on the stock. KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock. Truist Financial increased their target price on HEICO from $264.00 to $282.00 and gave the company a "buy" rating in a research report on Friday, October 18th. Morgan Stanley boosted their price target on HEICO from $245.00 to $265.00 and gave the stock an "equal weight" rating in a report on Friday, October 18th. Finally, Deutsche Bank Aktiengesellschaft dropped their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $270.20.

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.