Fisher Asset Management LLC Boosts Stake in Heico Corporation $HEI

Fisher Asset Management LLC raised its holdings in shares of Heico Corporation (NYSE:HEI) by 12.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 326,386 shares of the aerospace company’s stock after buying an additional 35,288 shares during the quarter. Fisher Asset Management LLC owned about 0.23% of Heico worth $105,615,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Westside Investment Management Inc. grew its position in Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after buying an additional 43 shares in the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Heico during the third quarter worth about $29,000. Hazlett Burt & Watson Inc. bought a new stake in Heico during the third quarter worth about $31,000. V Square Quantitative Management LLC bought a new stake in Heico during the fourth quarter worth about $37,000. Finally, FNY Investment Advisers LLC lifted its stake in Heico by 862.5% during the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 138 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on HEI. Wall Street Zen lowered Heico from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Weiss Ratings lowered Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Wells Fargo & Company began coverage on Heico in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price target for the company. Jefferies Financial Group set a $375.00 price target on Heico in a research note on Sunday. Finally, Rothschild & Co Redburn set a $360.00 price target on Heico and gave the stock a “buy” rating in a research note on Wednesday, May 13th. 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’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $359.81.

Heico Trading Up 0.1%

NYSE HEI opened at $301.33 on Tuesday. Heico Corporation has a 1-year low of $256.11 and a 1-year high of $361.69. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The stock has a 50-day moving average of $283.55 and a 200-day moving average of $311.30. The firm has a market cap of $42.04 billion, a PE ratio of 59.55, a price-to-earnings-growth ratio of 3.69 and a beta of 0.95.

Heico (NYSE:HEI) last released its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. Heico had a return on equity of 16.57% and a net margin of 15.38%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same quarter in the previous year, the company posted $1.20 EPS. Heico’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, sell-side analysts forecast that Heico Corporation will post 5.56 EPS for the current year.

Insider Buying and Selling at Heico

In other news, Director Julie Neitzel sold 676 shares of the business’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 document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 4.86% of the company’s stock.

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.