EULAV Asset Management Has $107.86 Million Stock Position in HEICO Co. (NYSE:HEI)

EULAV Asset Management increased its stake in HEICO Co. (NYSE:HEI) by 12.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 453,693 shares of the aerospace company’s stock after acquiring an additional 51,500 shares during the quarter. HEICO makes up 2.6% of EULAV Asset Management’s holdings, making the stock its 7th largest holding. EULAV Asset Management owned about 0.33% of HEICO worth $107,861,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of HEI. Rakuten Securities Inc. acquired a new stake in HEICO during the 3rd quarter worth about $81,000. Berbice Capital Management LLC acquired a new stake in shares of HEICO during the fourth quarter valued at approximately $95,000. Brooklyn Investment Group purchased a new stake in shares of HEICO in the 3rd quarter valued at approximately $128,000. Global Trust Asset Management LLC acquired a new position in HEICO in the 3rd quarter worth approximately $144,000. Finally, Arcadia Investment Management Corp MI purchased a new position in HEICO during the 3rd quarter worth approximately $157,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Stock Performance

Shares of HEI opened at $234.80 on Friday. 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 one year low of $182.47 and a one year high of $283.60. The company’s fifty day moving average price is $241.83 and its 200 day moving average price is $250.00. The company has a market capitalization of $32.60 billion, a PE ratio of 64.15, a price-to-earnings-growth ratio of 3.28 and a beta of 1.29.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping the consensus estimate of $0.97 by $0.02. The business had revenue of $1.01 billion during the quarter, compared to analysts’ expectations of $1.03 billion. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm’s revenue was up 8.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.74 EPS. As a group, analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Announces Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s payout ratio is 6.01%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on HEI shares. KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft lowered their target price on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. UBS Group started coverage on shares of HEICO in a research report on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price target for the company. Truist Financial upped their price objective on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a research note on Friday, October 18th. Finally, Morgan Stanley lifted their target price on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research note on Friday, October 18th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO 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.