Capital International Ltd. CA Sells 6,332 Shares of Heico Corporation $HEI

Capital International Ltd. CA lessened its holdings in shares of Heico Corporation (NYSE:HEI) by 10.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 52,469 shares of the aerospace company’s stock after selling 6,332 shares during the period. Capital International Ltd. CA’s holdings in Heico were worth $16,978,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Groupama Asset Managment boosted its holdings 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 valued at $5,856,000 after buying an additional 3,512 shares in the last quarter. Indivisible Partners bought a new stake in shares of Heico during the 4th quarter valued at $5,883,000. Dynamic Technology Lab Private Ltd boosted its holdings 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 valued at $2,626,000 after buying an additional 4,824 shares in the last quarter. Sumitomo Life Insurance Co. boosted its holdings 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 valued at $3,202,000 after buying an additional 4,892 shares in the last quarter. Finally, J.W. Cole Advisors Inc. boosted its stake in Heico by 149.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,051 shares of the aerospace company’s stock worth $985,000 after purchasing an additional 1,830 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

Insider Activity at Heico

In other news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 4.86% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on HEI shares. Weiss Ratings cut shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, April 22nd. Susquehanna upped their price target on shares of Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Heico from a “hold” rating to a “buy” rating in a research note on Saturday. Rothschild & Co Redburn set a $360.00 price target on shares of Heico and gave the stock a “buy” rating in a research note on Wednesday, May 13th. Finally, UBS Group reiterated a “neutral” rating and issued a $390.00 price target (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Two investment analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $371.63.

Heico Price Performance

HEI 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 P/E ratio of 59.21, a P/E/G ratio of 3.56 and a beta of 1.03. The company’s 50-day simple moving average is $291.99 and its two-hundred day simple moving average is $311.91. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $361.69.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. 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 business earned $1.12 EPS. The business’s revenue for the quarter was up 25.3% compared to the same quarter last year. As a group, analysts predict that Heico Corporation will post 5.74 EPS for the current 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.