Vinva Investment Management Ltd Boosts Position in Heico Corporation $HEI

Vinva Investment Management Ltd raised its stake in Heico Corporation (NYSE:HEI) by 849.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,323 shares of the aerospace company’s stock after purchasing an additional 12,815 shares during the period. Vinva Investment Management Ltd’s holdings in Heico were worth $4,698,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Costello Asset Management INC acquired a new position in shares of Heico in the 1st quarter valued at $27,000. Ridgewood Investments LLC raised its stake in Heico by 36.5% during the 2nd quarter. Ridgewood Investments LLC now owns 131 shares of the aerospace company’s stock worth $43,000 after acquiring an additional 35 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in Heico by 17,800.0% in the first quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock valued at $48,000 after acquiring an additional 178 shares during the last quarter. Banque Transatlantique SA boosted its stake in Heico by 36.8% in the first quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock valued at $62,000 after acquiring an additional 68 shares in the last quarter. Finally, Andra AP fonden acquired a new position in Heico in the second quarter valued at $66,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

HEI has been the subject of several research reports. Barclays boosted their target price on Heico from $280.00 to $300.00 and gave the company an “equal weight” rating in a report on Tuesday, September 2nd. BNP Paribas set a $330.00 price objective on Heico in a research note on Tuesday, November 18th. Weiss Ratings restated a “buy (b)” rating on shares of Heico in a research report on Monday. Royal Bank Of Canada set a $350.00 target price on shares of Heico in a report on Wednesday, August 27th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of Heico in a research note on Monday, August 18th. Ten investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $343.62.

Heico Stock Up 0.4%

Heico stock opened at $315.86 on Friday. The stock’s 50 day moving average price is $315.62 and its 200 day moving average price is $311.74. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $338.92. The company has a market cap of $43.97 billion, a PE ratio of 69.12, a price-to-earnings-growth ratio of 3.64 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a current ratio of 3.35 and a quick ratio of 1.51.

Heico (NYSE:HEI) last released its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.12 by $0.14. The firm had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.Heico’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.97 earnings per share. On average, sell-side analysts predict that Heico Corporation will post 4.2 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Julie Neitzel purchased 676 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was acquired at an average price of $243.93 per share, for a total transaction of $164,896.68. Following the acquisition, the director directly owned 676 shares of the company’s stock, valued at $164,896.68. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas M. Culligan acquired 676 shares of Heico stock in a transaction that occurred on Friday, October 10th. The stock was bought at an average price of $243.93 per share, with a total value of $164,896.68. Following the purchase, the director directly owned 11,030 shares of the company’s stock, valued at approximately $2,690,547.90. This trade represents a 6.53% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 4,448 shares of company stock worth $1,086,933. Insiders own 9.55% of the company’s stock.

Heico Company Profile

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.