Liontrust Investment Partners LLP Acquires New Position in Heico Corporation $HEI

Liontrust Investment Partners LLP acquired a new stake in shares of Heico Corporation (NYSE:HEI) in the 2nd quarter, HoldingsChannel reports. The firm acquired 83,537 shares of the aerospace company’s stock, valued at approximately $29,744,000.

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

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HEI. Wall Street Zen cut shares of Heico from a “buy” rating to a “hold” rating in a research report on Sunday, August 23rd. Deutsche Bank Aktiengesellschaft set a $421.00 target price on shares of Heico and gave the company a “buy” rating in a research report on Wednesday, August 19th. Truist Financial upgraded shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. Morgan Stanley set a $370.00 price target on Heico in a research note on Wednesday, July 15th. Finally, Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $382.43.

Heico Stock Performance

Heico stock opened at $335.83 on Friday. The business has a 50 day moving average of $353.82 and a 200-day moving average of $321.55. The company has a market capitalization of $46.90 billion, a P/E ratio of 55.88, a P/E/G ratio of 3.38 and a beta of 1.04. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $376.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36.

Heico (NYSE:HEI) last posted its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.51 by $0.16. Heico had a net margin of 16.38% and a return on equity of 18.41%. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.36 billion. During the same period last year, the company earned $1.26 EPS. The firm’s revenue was up 23.1% compared to the same quarter last year. On average, equities research analysts predict that Heico Corporation will post 6.05 earnings per share for the current year.

Heico Announces Dividend

The firm also recently declared a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.13 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a dividend yield of 7.0%. Heico’s dividend payout ratio (DPR) is presently 4.33%.

Insider Activity at Heico

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of Heico stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company insiders own 4.86% of the company’s stock.

About Heico

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.