Erste Asset Management GmbH Acquires 26,000 Shares of Heico Corporation $HEI

Erste Asset Management GmbH raised its holdings in Heico Corporation (NYSE:HEI) by 44.1% in the fourth quarter, Holdings Channel reports. The firm owned 85,000 shares of the aerospace company’s stock after purchasing an additional 26,000 shares during the period. Erste Asset Management GmbH’s holdings in Heico were worth $27,505,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently made changes to their positions in the company. Groupama Asset Managment grew its stake in shares of Heico by 24.0% during the 3rd quarter. Groupama Asset Managment now owns 18,139 shares of the aerospace company’s stock worth $5,856,000 after acquiring an additional 3,512 shares during the period. Indivisible Partners bought a new position in shares of Heico during the 4th quarter worth $5,883,000. Dynamic Technology Lab Private Ltd grew its stake in shares of Heico by 145.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company’s stock worth $2,626,000 after acquiring an additional 4,824 shares during the period. Sumitomo Life Insurance Co. grew its stake in shares of Heico by 97.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock worth $3,202,000 after acquiring an additional 4,892 shares during the period. Finally, J.W. Cole Advisors Inc. grew its stake in shares of Heico by 149.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,051 shares of the aerospace company’s stock worth $985,000 after acquiring an additional 1,830 shares during the period. Institutional investors own 27.12% of the company’s stock.

Insider Buying and Selling at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 4.86% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Susquehanna increased their price target on Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Weiss Ratings downgraded Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Royal Bank Of Canada increased their price objective on Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Finally, Citigroup reissued a “buy” rating and set a $403.00 price objective (up from $323.00) on shares of Heico in a report on Monday, June 1st. Two equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have assigned a Hold rating to the company. According to MarketBeat, Heico has an average rating of “Moderate Buy” and a consensus price target of $371.63.

Heico Stock Performance

Shares of HEI opened at $331.57 on Monday. The stock’s 50-day simple moving average is $291.99 and its 200 day simple moving average is $311.91. The stock has a market capitalization of $46.31 billion, a price-to-earnings ratio of 59.21, a price-to-earnings-growth ratio of 3.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $361.69.

Heico (NYSE:HEI) last issued its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. Heico had a return on equity of 17.52% and a net margin of 16.08%.The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the firm posted $1.12 EPS. The firm’s quarterly revenue was up 25.3% on a year-over-year basis. Research analysts forecast that Heico Corporation will post 5.74 EPS for the current fiscal year.

Heico Profile

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.