Heico Corporation $HEI is EULAV Asset Management’s 2nd Largest Position

EULAV Asset Management reduced its holdings in shares of Heico Corporation (NYSE:HEI) by 20.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 333,697 shares of the aerospace company’s stock after selling 85,996 shares during the quarter. Heico makes up 2.9% of EULAV Asset Management’s investment portfolio, making the stock its 2nd largest position. EULAV Asset Management owned approximately 0.24% of Heico worth $107,981,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Groupama Asset Managment boosted its stake in Heico by 24.0% during the third 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 in the last quarter. Indivisible Partners bought a new stake in Heico during the fourth quarter worth about $5,883,000. Dynamic Technology Lab Private Ltd boosted its stake in Heico by 145.7% during the third 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 in the last quarter. Sumitomo Life Insurance Co. boosted its stake in Heico by 97.3% during the third 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 in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in Heico by 149.9% during the third 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 in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Stock Down 0.4%

Shares of Heico stock opened at $331.57 on Friday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.41 and a current ratio of 2.92. The stock has a market capitalization of $46.26 billion, a PE ratio of 59.21, a price-to-earnings-growth ratio of 3.57 and a beta of 1.03. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $361.69. The company has a 50-day simple moving average of $291.99 and a two-hundred day simple moving average of $311.91.

Heico (NYSE:HEI) last issued its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.33. The business had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The business’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 earned $1.12 earnings per share. On average, analysts anticipate that Heico Corporation will post 5.74 EPS for the current fiscal year.

Insider Transactions at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of Heico stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 4.86% of the company’s stock.

Wall Street Analysts Forecast Growth

HEI has been the topic of several research reports. Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the stock an “equal weight” rating in a research note on Monday. Royal Bank Of Canada boosted their price objective on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Wall Street Zen raised shares of Heico from a “hold” rating to a “buy” rating in a research note on Saturday. Jefferies Financial Group reissued a “buy” rating and set a $410.00 price objective (up from $375.00) on shares of Heico in a research note on Thursday, May 28th. Finally, UBS Group reissued a “neutral” rating and set a $390.00 price objective (up from $371.00) on shares of Heico in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, Heico currently has a consensus rating of “Moderate Buy” and a consensus price target of $371.63.

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.