Vantage Investment Partners LLC Buys 37,943 Shares of HEICO Co. (NYSE:HEI)

Vantage Investment Partners LLC raised its stake in HEICO Co. (NYSE:HEI) by 31.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 160,373 shares of the aerospace company’s stock after acquiring an additional 37,943 shares during the quarter. HEICO makes up 3.3% of Vantage Investment Partners LLC’s holdings, making the stock its 12th biggest position. Vantage Investment Partners LLC owned approximately 0.12% of HEICO worth $38,127,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. West Oak Capital LLC grew its stake in HEICO by 2,400.0% in the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock valued at $654,000 after buying an additional 2,640 shares in the last quarter. Two Sigma Advisers LP lifted its holdings in 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 purchasing an additional 13,100 shares in the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in HEICO by 43.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock valued at $1,057,000 after buying an additional 1,355 shares in the last quarter. Bright Rock Capital Management LLC bought a new stake in shares of HEICO during the third quarter valued at about $1,830,000. Finally, Atom Investors LP purchased a new stake in shares of HEICO in the third quarter worth about $1,129,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on HEI. Morgan Stanley raised their price target on HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a report on Friday, October 18th. Deutsche Bank Aktiengesellschaft dropped their price target on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Truist Financial increased their target price on shares of HEICO from $264.00 to $282.00 and gave the company a “buy” rating in a report on Friday, October 18th. Finally, UBS Group began coverage on HEICO in a research note on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price objective on the stock. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $270.20.

HEICO Price Performance

Shares of HEI opened at $235.13 on Tuesday. 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 cap of $32.64 billion, a PE ratio of 64.24, a price-to-earnings-growth ratio of 3.32 and a beta of 1.28. The firm’s 50-day simple moving average is $248.83 and its two-hundred day simple moving average is $249.69. HEICO Co. has a fifty-two week low of $178.20 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Tuesday, December 17th. The aerospace company reported $0.99 earnings per share for the quarter, topping analysts’ consensus estimates of $0.97 by $0.02. The company had revenue of $1.01 billion during the quarter, compared to analyst estimates of $1.03 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.74 EPS. Analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Announces Dividend

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

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.