AdvisorShares Investments LLC Sells 7,686 Shares of Heico Corporation $HEI

AdvisorShares Investments LLC reduced its stake in shares of Heico Corporation (NYSE:HEI) by 26.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,797 shares of the aerospace company’s stock after selling 7,686 shares during the quarter. AdvisorShares Investments LLC’s holdings in Heico were worth $7,053,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Westside Investment Management Inc. increased its stake in Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares during the last quarter. CBIZ Investment Advisory Services LLC increased its stake in Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 80 shares during the last quarter. Greykasell Wealth Strategies Inc. bought a new stake in Heico during the third quarter worth approximately $29,000. Hazlett Burt & Watson Inc. bought a new stake in Heico during the third quarter worth approximately $31,000. Finally, V Square Quantitative Management LLC bought a new stake in Heico during the fourth quarter worth approximately $37,000. 27.12% of the stock is owned by institutional investors.

Heico Stock Up 0.8%

Shares of NYSE HEI opened at $347.98 on Friday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06. The firm has a market capitalization of $48.55 billion, a price-to-earnings ratio of 62.14, a PEG ratio of 4.22 and a beta of 0.95. The stock has a 50 day moving average price of $286.62 and a 200 day moving average price of $311.61. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $361.69.

Heico (NYSE:HEI) last announced its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. The firm had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. Heico had a return on equity of 17.98% and a net margin of 16.08%.Heico’s quarterly revenue was up 25.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 earnings per share. Sell-side analysts expect that Heico Corporation will post 5.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

HEI has been the topic of several analyst reports. Wells Fargo & Company initiated coverage on Heico in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price objective on the stock. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Rothschild & Co Redburn set a $360.00 target price on Heico and gave the company a “buy” rating in a research report on Wednesday, May 13th. Royal Bank Of Canada boosted their target price on Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research report on Friday. Finally, Weiss Ratings lowered Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and eight have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $361.69.

Insider Activity

In related news, Director Julie Neitzel sold 676 shares of the business’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 4.86% of the company’s stock.

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.