FDx Advisors Inc. Trims Stock Holdings in HEICO Co. (NYSE:HEI)

FDx Advisors Inc. lessened its holdings in HEICO Co. (NYSE:HEI) by 27.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,197 shares of the aerospace company’s stock after selling 450 shares during the quarter. FDx Advisors Inc.’s holdings in HEICO were worth $285,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of HEI. Morse Asset Management Inc grew its stake in HEICO by 0.6% in the third quarter. Morse Asset Management Inc now owns 6,207 shares of the aerospace company’s stock worth $1,623,000 after purchasing an additional 38 shares in the last quarter. Centaurus Financial Inc. lifted its holdings in shares of HEICO by 8.9% in the 3rd quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after buying an additional 60 shares during the period. Moody Lynn & Lieberson LLC grew its position in shares of HEICO by 1.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company’s stock worth $1,011,000 after buying an additional 65 shares in the last quarter. MGB Wealth Management LLC increased its stake in shares of HEICO by 3.6% during the third quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock valued at $758,000 after buying an additional 100 shares during the period. Finally, Coldstream Capital Management Inc. raised its holdings in shares of HEICO by 6.6% in the third quarter. Coldstream Capital Management Inc. now owns 1,719 shares of the aerospace company’s stock valued at $451,000 after acquiring an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Up 0.2 %

NYSE:HEI opened at $225.90 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock has a market capitalization of $31.36 billion, a P/E ratio of 61.72, a P/E/G ratio of 3.05 and a beta of 1.29. The company’s 50-day simple moving average is $234.43 and its 200-day simple moving average is $249.38. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last announced its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.97 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. HEICO’s revenue was up 8.2% compared to the same quarter last year. During the same period last year, the firm earned $0.74 earnings per share. On average, equities analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date of this dividend was Friday, January 3rd. HEICO’s dividend payout ratio (DPR) is presently 6.01%.

Analysts Set New Price Targets

Several research analysts have issued reports on HEI shares. KeyCorp initiated coverage on shares of HEICO in a report on Thursday, January 16th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and an average target price of $270.20.

HEICO Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.