Aster Capital Management DIFC Ltd Increases Stock Position in HEICO Co. (NYSE:HEI)

Aster Capital Management DIFC Ltd grew its position in shares of HEICO Co. (NYSE:HEI) by 252.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 663 shares of the aerospace company’s stock after purchasing an additional 475 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in HEICO were worth $158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Sequoia Financial Advisors LLC increased its position in HEICO by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company’s stock worth $231,000 after buying an additional 46 shares during the period. Moran Wealth Management LLC grew its position in shares of HEICO by 1.9% during the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company’s stock worth $639,000 after acquiring an additional 51 shares during the last quarter. Moody Lynn & Lieberson LLC increased its holdings in shares of HEICO by 1.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock valued at $1,011,000 after acquiring an additional 65 shares during the period. Bradley Foster & Sargent Inc. CT increased its holdings in shares of HEICO by 2.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company’s stock valued at $667,000 after acquiring an additional 67 shares during the period. Finally, PFG Advisors raised its position in HEICO by 0.8% in the 4th quarter. PFG Advisors now owns 8,960 shares of the aerospace company’s stock valued at $2,130,000 after purchasing an additional 70 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Down 2.4 %

HEICO stock opened at $235.81 on Tuesday. The stock’s 50 day moving average price is $247.55 and its 200 day moving average price is $251.72. The company has a market cap of $32.77 billion, a PE ratio of 64.43, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO Co. has a 1-year low of $185.03 and a 1-year high of $283.60.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping 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 business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. On average, sell-side analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of HEICO in a research note on Tuesday, March 25th. Finally, Truist Financial lifted their target price on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research note on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $271.40.

About HEICO

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.