Bank Julius Baer & Co. Ltd Zurich Grows Stock Holdings in HEICO Co. (NYSE:HEI)

Bank Julius Baer & Co. Ltd Zurich raised its position in HEICO Co. (NYSE:HEI) by 13.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,852 shares of the aerospace company’s stock after acquiring an additional 8,628 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned approximately 0.05% of HEICO worth $17,692,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. West Oak Capital LLC increased its position in shares of HEICO by 2,400.0% in the fourth quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock valued at $654,000 after acquiring an additional 2,640 shares during the period. Two Sigma Advisers LP boosted its stake 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 valued at $94,885,000 after purchasing an additional 13,100 shares in the last quarter. Fortress Financial Solutions LLC bought a new stake in shares of HEICO during the 4th quarter valued at about $263,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of 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 purchasing an additional 1,355 shares in the last quarter. Finally, Fisher Asset Management LLC boosted its stake in shares of HEICO by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analyst Ratings Changes

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

HEICO Trading Down 0.0 %

NYSE:HEI opened at $263.17 on Friday. 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. The company’s 50-day simple moving average is $236.41 and its 200 day simple moving average is $250.74. The firm has a market capitalization of $36.54 billion, a P/E ratio of 71.90, a PEG ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last issued its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. As a group, analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Announces Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a dividend yield of 0.1%. HEICO’s dividend payout ratio is presently 5.45%.

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.