GSA Capital Partners LLP Takes Position in Heico Corporation $HEI

GSA Capital Partners LLP purchased a new stake in shares of Heico Corporation (NYSE:HEI) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 3,004 shares of the aerospace company’s stock, valued at approximately $1,070,000.

A number of other hedge funds have also bought and sold shares of HEI. IFC & Insurance Marketing Inc. bought a new position in Heico in the 4th quarter valued at $26,000. CBIZ Investment Advisory Services LLC increased its position in shares of Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. Birchwood Financial Partners Inc. bought a new stake in shares of Heico during the 4th quarter worth $32,000. Miller Capital Partners Inc. purchased a new position in shares of Heico in the 4th quarter worth about $70,000. Finally, BNP Paribas purchased a new position in shares of Heico in the 4th quarter worth about $79,000. 27.12% of the stock is currently owned by institutional investors.

Heico Price Performance

Heico stock opened at $370.69 on Tuesday. The firm has a market capitalization of $51.77 billion, a P/E ratio of 66.19, a PEG ratio of 3.88 and a beta of 1.04. Heico Corporation has a one year low of $256.11 and a one year high of $376.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. The business has a fifty day moving average price of $350.63 and a 200-day moving average price of $320.08.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. The company had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. Heico had a return on equity of 17.52% and a net margin of 16.08%.The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 EPS. As a group, equities research analysts forecast that Heico Corporation will post 5.95 EPS for the current year.

Heico Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were issued a $0.13 dividend. This represents a dividend yield of 7.0%. The ex-dividend date of this dividend was Wednesday, July 1st. Heico’s dividend payout ratio is presently 4.64%.

Insider Activity

In other news, CAO Bradley K. Rowen sold 1,326 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 4.86% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Susquehanna upped their price objective on Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a research note on Friday, May 29th. Zacks Research raised Heico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, June 9th. Wells Fargo & Company set a $350.00 price target on Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. Royal Bank Of Canada increased their price target on Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Finally, Weiss Ratings raised Heico from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, July 16th. Three analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Heico presently has a consensus rating of “Moderate Buy” and an average target price of $376.69.

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.