Stevens Capital Management LP Takes $323,000 Position in HEICO Co. (NYSE:HEI)

Stevens Capital Management LP bought a new position in shares of HEICO Co. (NYSE:HEI) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,360 shares of the aerospace company’s stock, valued at approximately $323,000.

Several other large investors also recently bought and sold shares of HEI. Wealthfront Advisers LLC raised its holdings in shares of HEICO by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock valued at $5,285,970,000 after purchasing an additional 22,224,106 shares in the last quarter. EULAV Asset Management raised its stake in HEICO by 12.8% in the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after buying an additional 51,500 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in HEICO by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock worth $98,791,000 after buying an additional 66,583 shares during the last quarter. Two Sigma Advisers LP boosted its position in shares of HEICO by 3.7% during the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after acquiring an additional 13,100 shares in the last quarter. Finally, Vantage Investment Partners LLC increased its holdings in shares of HEICO by 31.0% in the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after acquiring an additional 37,943 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Trading Up 2.4 %

NYSE HEI opened at $267.72 on Tuesday. The firm’s fifty day moving average is $242.32 and its two-hundred day moving average is $251.42. HEICO Co. has a one year low of $185.03 and a one year high of $283.60. 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 firm has a market cap of $37.20 billion, a PE ratio of 73.15, a P/E/G ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. Analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on HEI. Deutsche Bank Aktiengesellschaft lowered their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. KeyCorp started coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating for the company. Finally, Truist Financial lifted their price target on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, HEICO presently has a consensus rating of “Moderate Buy” and an average price target of $271.40.

About HEICO

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.