Stevens Capital Management LP Makes New Investment in HEICO Co. (NYSE:HEI)

Stevens Capital Management LP purchased a new stake in HEICO Co. (NYSE:HEI) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,360 shares of the aerospace company’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Wealthfront Advisers LLC increased its holdings in HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock valued at $5,285,970,000 after buying an additional 22,224,106 shares in the last quarter. EULAV Asset Management grew its holdings in shares of HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after acquiring an additional 51,500 shares during the period. Fisher Asset Management LLC increased its stake in HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. Two Sigma Advisers LP raised its holdings 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 purchasing an additional 13,100 shares during the last quarter. Finally, Vantage Investment Partners LLC boosted its position in HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock worth $38,127,000 after purchasing an additional 37,943 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Performance

Shares of HEI opened at $267.72 on Tuesday. The company has a market capitalization of $37.20 billion, a price-to-earnings ratio of 73.15, a PEG ratio of 3.10 and a beta of 1.26. 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 1 year low of $185.03 and a 1 year high of $283.60. The company’s 50 day simple moving average is $242.32 and its 200 day simple moving average is $251.42.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. The business had revenue of $1.03 billion for the quarter, compared to analysts’ expectations of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, sell-side analysts predict that HEICO Co. will post 4.2 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on HEI. Deutsche Bank Aktiengesellschaft cut their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Truist Financial lifted their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Finally, KeyCorp initiated coverage on shares of HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price 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.