CHICAGO TRUST Co NA Reduces Stock Position in HEICO Co. (NYSE:HEI)

CHICAGO TRUST Co NA decreased its holdings in HEICO Co. (NYSE:HEI) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,678 shares of the aerospace company’s stock after selling 50 shares during the period. CHICAGO TRUST Co NA’s holdings in HEICO were worth $874,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Acadian Asset Management LLC bought a new stake in HEICO during the 2nd quarter valued at about $1,330,000. J.W. Cole Advisors Inc. bought a new stake in shares of HEICO during the second quarter valued at approximately $218,000. Virtu Financial LLC boosted its holdings in shares of HEICO by 54.4% in the second quarter. Virtu Financial LLC now owns 8,411 shares of the aerospace company’s stock valued at $1,881,000 after purchasing an additional 2,962 shares during the period. Marsico Capital Management LLC grew its stake in HEICO by 19.3% in the second quarter. Marsico Capital Management LLC now owns 114,236 shares of the aerospace company’s stock worth $25,544,000 after purchasing an additional 18,465 shares in the last quarter. Finally, Seven Eight Capital LP purchased a new position in HEICO during the 2nd quarter worth $423,000. 27.12% of the stock is currently owned by institutional investors.

HEICO Stock Down 1.1 %

NYSE HEI traded down $2.46 during trading on Monday, hitting $223.11. The company’s stock had a trading volume of 179,627 shares, compared to its average volume of 737,826. The company has a market cap of $30.97 billion, a PE ratio of 65.43, a P/E/G ratio of 3.12 and a beta of 1.28. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The business’s 50 day simple moving average is $255.05 and its 200-day simple moving average is $248.98. HEICO Co. has a fifty-two week low of $169.78 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The business had revenue of $1.01 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same quarter in the prior year, the business posted $0.74 EPS. HEICO’s revenue for the quarter was up 8.2% compared to the same quarter last year. On average, equities analysts anticipate that HEICO Co. will post 3.64 EPS for the current fiscal year.

HEICO Dividend Announcement

The company also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Shareholders of record on Friday, January 3rd will be given a dividend of $0.11 per share. The ex-dividend date is Friday, January 3rd. This represents a yield of 0.1%. HEICO’s dividend payout ratio is currently 6.01%.

Insider Buying and Selling at HEICO

In related news, CEO Laurans A. Mendelson purchased 725 shares of the business’s stock in a transaction on Friday, October 18th. The shares were bought at an average cost of $262.94 per share, with a total value of $190,631.50. Following the transaction, the chief executive officer now owns 929,984 shares of the company’s stock, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Victor H. Mendelson acquired 726 shares of the firm’s stock in a transaction dated Friday, October 18th. The stock was bought at an average cost of $262.94 per share, with a total value of $190,894.44. Following the acquisition, the insider now owns 1,234,950 shares in the company, valued at approximately $324,717,753. This trade represents a 0.06 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 2,175 shares of company stock worth $571,895. 8.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on HEI shares. Truist Financial increased their price target on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Morgan Stanley increased their target price on shares of HEICO from $245.00 to $265.00 and gave the stock an “equal weight” rating in a report on Friday, October 18th. Bank of America boosted their price target on shares of HEICO from $250.00 to $285.00 and gave the company a “buy” rating in a report on Thursday, September 19th. UBS Group started coverage on shares of HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Three equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target 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.