Federated Hermes Inc. Increases Position in HEICO Co. (NYSE:HEI)

Federated Hermes Inc. raised its holdings in shares of HEICO Co. (NYSE:HEI) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 567,103 shares of the aerospace company’s stock after buying an additional 43,509 shares during the period. Federated Hermes Inc. owned about 0.41% of HEICO worth $101,438,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of HEI. NBC Securities Inc. purchased a new stake in shares of HEICO in the third quarter valued at approximately $42,000. Harbour Investments Inc. lifted its holdings in HEICO by 41.5% during the second quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company’s stock worth $60,000 after buying an additional 100 shares during the period. Janiczek Wealth Management LLC lifted its holdings in HEICO by 18.3% during the third quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company’s stock worth $72,000 after buying an additional 69 shares during the period. Sunbelt Securities Inc. acquired a new position in shares of HEICO during the first quarter worth $109,000. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of HEICO during the fourth quarter worth $202,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HEI shares. Royal Bank of Canada upped their price target on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Stifel Nicolaus upped their price target on HEICO from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. Finally, Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research report on Thursday, January 25th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat, HEICO has an average rating of “Moderate Buy” and an average target price of $204.50.

Insider Activity at HEICO

In related news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In related news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the transaction, the director now directly owns 155,862 shares in the company, valued at $29,953,559.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the transaction, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The disclosure for this sale can be found here. Insiders own 8.10% of the company’s stock.

HEICO Price Performance

Shares of HEI opened at $196.64 on Friday. The business’s 50-day moving average is $191.28 and its two-hundred day moving average is $178.88. The company has a market capitalization of $27.21 billion, a P/E ratio of 64.26, a P/E/G ratio of 3.23 and a beta of 1.16. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. HEICO Co. has a fifty-two week low of $153.63 and a fifty-two week high of $200.64.

HEICO (NYSE:HEI) last released its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $896.36 million during the quarter, compared to analysts’ expectations of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. HEICO’s quarterly revenue was up 44.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.67 EPS. Research analysts predict that HEICO Co. will post 3.47 earnings per share for the current year.

HEICO Company 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.