Heico Corp (HEI) Sees Large Increase in Short Interest

Heico Corp (NYSE:HEI) saw a significant increase in short interest in January. As of January 31st, there was short interest totalling 3,596,763 shares, an increase of 60.4% from the January 12th total of 2,241,773 shares. Based on an average daily trading volume, of 285,691 shares, the short-interest ratio is presently 12.6 days. Currently, 11.2% of the company’s stock are short sold.

Several equities analysts have weighed in on the company. Canaccord Genuity restated a “buy” rating and set a $88.00 target price (up from $76.00) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Stephens set a $84.00 target price on Heico and gave the company a “hold” rating in a report on Friday, January 19th. Zacks Investment Research lowered Heico from a “buy” rating to a “hold” rating in a report on Friday, December 22nd. Credit Suisse Group restated an “outperform” rating and set a $87.20 target price (up from $78.40) on shares of Heico in a report on Wednesday, December 20th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their target price on Heico to $76.80 and gave the company a “buy” rating in a report on Monday, December 4th. Five equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $79.91.

Several large investors have recently modified their holdings of HEI. Benjamin F. Edwards & Company Inc. acquired a new stake in Heico during the fourth quarter worth about $118,000. Ironwood Investment Counsel LLC acquired a new stake in Heico during the third quarter worth about $201,000. RKL Wealth Management LLC acquired a new stake in Heico during the third quarter worth about $201,000. Signition LP acquired a new stake in Heico during the fourth quarter worth about $285,000. Finally, PEAK6 Investments L.P. acquired a new stake in Heico during the third quarter worth about $289,000. 21.18% of the stock is currently owned by institutional investors.

Shares of Heico (HEI) opened at $76.83 on Wednesday. The stock has a market capitalization of $7,918.02, a PE ratio of 44.63, a PEG ratio of 3.47 and a beta of 0.78. Heico has a 1 year low of $50.36 and a 1 year high of $85.47. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.53 and a quick ratio of 1.16.

Heico (NYSE:HEI) last issued its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.50 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.04. The company had revenue of $421.22 million for the quarter, compared to the consensus estimate of $408.32 million. Heico had a return on equity of 15.70% and a net margin of 12.20%. The firm’s revenue was up 15.9% compared to the same quarter last year. During the same period last year, the business posted $0.52 earnings per share. sell-side analysts predict that Heico will post 2.03 EPS for the current year.

The firm also recently declared a semiannual dividend, which was paid on Wednesday, January 17th. Stockholders of record on Wednesday, January 3rd were given a $0.056 dividend. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Tuesday, January 2nd. Heico’s dividend payout ratio is currently 6.39%.

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About Heico

HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.

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