Bell Bank Has $1.73 Million Stock Holdings in HEICO Co. (NYSE:HEI)

Bell Bank trimmed its holdings in shares of HEICO Co. (NYSE:HEI) by 1.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,283 shares of the aerospace company’s stock after selling 115 shares during the quarter. Bell Bank’s holdings in HEICO were worth $1,731,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Compass Financial Services Inc bought a new stake in shares of HEICO during the fourth quarter worth $26,000. Rakuten Securities Inc. acquired a new position in HEICO in the 3rd quarter worth $81,000. Berbice Capital Management LLC bought a new position in HEICO during the 4th quarter worth about $95,000. Brooklyn Investment Group acquired a new stake in shares of HEICO in the 3rd quarter valued at about $128,000. Finally, Global Trust Asset Management LLC bought a new stake in shares of HEICO in the third quarter valued at about $144,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Stock Performance

Shares of HEI opened at $225.90 on Friday. The company has a market cap of $31.36 billion, a PE ratio of 61.72, a price-to-earnings-growth ratio of 3.05 and a beta of 1.29. The firm has a 50-day moving average of $234.43 and a 200-day moving average of $249.38. HEICO Co. has a one year low of $182.47 and a one year high of $283.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

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

HEICO Dividend Announcement

The firm also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Investors of record on Friday, January 3rd were paid 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%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on HEI shares. KeyCorp began coverage on HEICO in a report on Thursday, January 16th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft decreased their price target 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. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, HEICO currently has an average 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.