CPC Advisors LLC Sells 4,202 Shares of Heico Corporation $HEI

CPC Advisors LLC lessened its position in shares of Heico Corporation (NYSE:HEI) by 58.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,979 shares of the aerospace company’s stock after selling 4,202 shares during the period. CPC Advisors LLC’s holdings in Heico were worth $964,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Simon Quick Advisors LLC boosted its holdings in shares of Heico by 5.8% during the third quarter. Simon Quick Advisors LLC now owns 652 shares of the aerospace company’s stock worth $211,000 after acquiring an additional 36 shares during the period. Pekin Hardy Strauss Inc. boosted its holdings in shares of Heico by 4.4% during the third quarter. Pekin Hardy Strauss Inc. now owns 887 shares of the aerospace company’s stock worth $286,000 after acquiring an additional 37 shares during the period. Leonard Rickey Investment Advisors P.L.L.C. boosted its holdings in shares of Heico by 4.0% during the fourth quarter. Leonard Rickey Investment Advisors P.L.L.C. now owns 1,047 shares of the aerospace company’s stock worth $339,000 after acquiring an additional 40 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares during the period. Finally, MBL Wealth LLC boosted its holdings in shares of Heico by 2.5% during the fourth quarter. MBL Wealth LLC now owns 1,817 shares of the aerospace company’s stock worth $588,000 after acquiring an additional 45 shares during the period. Institutional investors own 27.12% of the company’s stock.

Heico Trading Down 2.8%

Shares of HEI stock opened at $268.41 on Thursday. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The stock has a market cap of $37.45 billion, a P/E ratio of 53.05, a price-to-earnings-growth ratio of 3.38 and a beta of 1.07. The stock has a 50 day simple moving average of $300.50 and a 200 day simple moving average of $315.46. Heico Corporation has a 1 year low of $241.47 and a 1 year high of $361.69.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, beating the consensus estimate of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the business earned $1.20 earnings per share. The company’s revenue was up 14.4% on a year-over-year basis. On average, research analysts predict that Heico Corporation will post 5.56 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Heico news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

HEI has been the subject of a number of research analyst reports. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Citigroup cut their price target on Heico from $400.00 to $323.00 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Wells Fargo & Company initiated coverage on Heico in a research note on Wednesday, April 1st. They issued an “equal weight” rating and a $290.00 price target for the company. Finally, BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Ten equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $358.71.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.