Baader Bank Aktiengesellschaft Sells 3,255 Shares of Heico Corporation $HEI

Baader Bank Aktiengesellschaft decreased its stake in Heico Corporation (NYSE:HEI) by 25.0% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 9,750 shares of the aerospace company’s stock after selling 3,255 shares during the period. Baader Bank Aktiengesellschaft’s holdings in Heico were worth $2,655,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IFC & Insurance Marketing Inc. acquired a new position in shares of Heico during the 4th quarter worth about $26,000. CBIZ Investment Advisory Services LLC raised its position in shares of Heico by 1,000.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 80 shares during the period. Birchwood Financial Partners Inc. acquired a new stake in shares of Heico in the 4th quarter valued at approximately $32,000. V Square Quantitative Management LLC bought a new position in Heico during the 4th quarter worth approximately $37,000. Finally, FNY Investment Advisers LLC boosted its stake in Heico by 862.5% during the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after acquiring an additional 138 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of analyst reports. Zacks Research upgraded shares of Heico from a “hold” rating to a “strong-buy” rating in a report on Tuesday, June 9th. Morgan Stanley set a $370.00 price target on shares of Heico in a report on Wednesday, July 15th. Citigroup restated a “buy” rating and issued a $410.00 price objective (up from $403.00) on shares of Heico in a research report on Wednesday, July 1st. UBS Group reaffirmed a “neutral” rating and set a $390.00 price objective (up from $371.00) on shares of Heico in a research note on Monday, June 1st. Finally, Wall Street Zen upgraded Heico from a “hold” rating to a “buy” rating in a report on Saturday, June 6th. Three investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat.com, Heico currently has an average rating of “Moderate Buy” and a consensus target price of $374.56.

Insiders Place Their Bets

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 4.86% of the stock is currently owned by corporate insiders.

Heico Stock Performance

Shares of HEI opened at $341.07 on Tuesday. The stock has a market capitalization of $47.63 billion, a price-to-earnings ratio of 60.90, a PEG ratio of 3.55 and a beta of 1.03. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $369.48. The firm has a fifty day simple moving average of $331.59 and a 200 day simple moving average of $317.81. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53.

Heico (NYSE:HEI) last issued its quarterly 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 firm had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.25 billion. During the same period in the previous year, the business earned $1.12 EPS. The company’s revenue was up 25.3% compared to the same quarter last year. Research analysts forecast that Heico Corporation will post 5.95 EPS for the current fiscal year.

Heico Announces Dividend

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

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.