4,864 Shares in Heico Corporation $HEI Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new position in shares of Heico Corporation (NYSE:HEI) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,864 shares of the aerospace company’s stock, valued at approximately $1,733,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. IFC & Insurance Marketing Inc. bought a new position in shares of Heico during the fourth quarter valued at approximately $26,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Heico in the 4th quarter worth approximately $32,000. Miller Capital Partners Inc. purchased a new stake in shares of Heico in the 4th quarter worth approximately $70,000. Finally, BNP Paribas purchased a new stake in shares of Heico in the 4th quarter worth approximately $79,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HEI shares. Zacks Research upgraded Heico from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, June 9th. Susquehanna increased their target price on Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Deutsche Bank Aktiengesellschaft set a $421.00 price target on Heico and gave the company a “buy” rating in a report on Wednesday, August 19th. Royal Bank Of Canada lifted their price target on Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Finally, UBS Group reiterated a “neutral” rating and issued a $390.00 price target (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Three equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $379.56.

Heico Price Performance

NYSE HEI opened at $352.79 on Tuesday. Heico Corporation has a one year low of $256.11 and a one year high of $376.86. The stock has a 50-day moving average of $353.37 and a 200 day moving average of $321.01. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The company has a market capitalization of $49.27 billion, a price-to-earnings ratio of 63.00, a PEG ratio of 3.58 and a beta of 1.04.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.12 EPS. On average, sell-side analysts forecast that Heico Corporation will post 6.02 EPS for the current year.

Heico Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, July 15th. Investors of record on Wednesday, July 1st were given a dividend of $0.13 per share. The ex-dividend date was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s dividend payout ratio is 4.64%.

Insiders Place Their Bets

In related news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. 4.86% of the stock is currently owned by company insiders.

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.