AdvisorShares Investments LLC Has $5.45 Million Holdings in Heico Corporation $HEI

AdvisorShares Investments LLC cut its holdings in shares of Heico Corporation (NYSE:HEI) by 8.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 19,865 shares of the aerospace company’s stock after selling 1,932 shares during the period. AdvisorShares Investments LLC’s holdings in Heico were worth $5,447,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Diamant Asset Management Inc. increased its holdings in shares of Heico by 25,698.9% in the first quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company’s stock worth $209,392,000 after acquiring an additional 760,687 shares in the last quarter. Two Sigma Investments LP raised its position in shares of Heico by 0.6% during the third quarter. Two Sigma Investments LP now owns 558,661 shares of the aerospace company’s stock worth $180,347,000 after purchasing an additional 3,166 shares during the period. Fisher Asset Management LLC lifted its holdings in shares of Heico by 12.1% during the 4th quarter. Fisher Asset Management LLC now owns 326,386 shares of the aerospace company’s stock valued at $105,615,000 after purchasing an additional 35,288 shares in the last quarter. Munro Partners grew its position in shares of Heico by 44.2% in the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company’s stock valued at $92,190,000 after purchasing an additional 87,265 shares during the period. Finally, Dixon Mitchell Investment Counsel Inc. increased its stake in Heico by 1.2% during the 3rd quarter. Dixon Mitchell Investment Counsel Inc. now owns 203,504 shares of the aerospace company’s stock worth $65,695,000 after purchasing an additional 2,331 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Julie Neitzel sold 676 shares of Heico 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 filing with the SEC, which is available at this link. Also, CAO Bradley K. Rowen sold 1,326 shares of the company’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. Additional details regarding this sale are available in the official SEC disclosure. 4.86% of the stock is owned by company insiders.

Heico Price Performance

NYSE HEI opened at $361.87 on Friday. The firm’s 50 day moving average is $315.47 and its 200-day moving average is $316.02. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $50.54 billion, a PE ratio of 64.62, a price-to-earnings-growth ratio of 3.86 and a beta of 1.03. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $366.59.

Heico (NYSE:HEI) last released its earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter last year, the firm earned $1.12 earnings per share. The firm’s revenue for the quarter was up 25.3% compared to the same quarter last year. Equities research analysts anticipate that Heico Corporation will post 5.78 earnings per share for the current fiscal year.

Heico Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.13 per share. This represents a dividend yield of 7.0%. The ex-dividend date is Wednesday, July 1st. Heico’s dividend payout ratio is currently 4.64%.

Wall Street Analysts Forecast Growth

HEI has been the topic of several research analyst reports. Royal Bank Of Canada raised their target price on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Truist Financial raised shares of Heico to a “strong-buy” rating in a research report on Friday, May 1st. UBS Group restated a “neutral” rating and set a $390.00 price objective (up from $371.00) on shares of Heico in a report on Monday, June 1st. Finally, Wells Fargo & Company set a $350.00 price objective on shares of Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. Three research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat, Heico has an average rating of “Moderate Buy” and an average target price of $372.06.

About Heico

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.