HEICO Co. (NYSE:HEI) Shares Purchased by Emerald Advisers LLC

Emerald Advisers LLC lifted its holdings in HEICO Co. (NYSE:HEI) by 30.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,108 shares of the aerospace company’s stock after acquiring an additional 725 shares during the quarter. Emerald Advisers LLC’s holdings in HEICO were worth $739,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in HEI. MGB Wealth Management LLC increased its stake in shares of HEICO by 3.6% in the third quarter. MGB Wealth Management LLC now owns 2,900 shares of the aerospace company’s stock worth $758,000 after acquiring an additional 100 shares during the period. Centaurus Financial Inc. increased its stake in shares of HEICO by 8.9% in the third quarter. Centaurus Financial Inc. now owns 731 shares of the aerospace company’s stock worth $191,000 after acquiring an additional 60 shares during the period. Pekin Hardy Strauss Inc. acquired a new stake in HEICO during the third quarter valued at $222,000. Quantbot Technologies LP grew its position in HEICO by 424.1% during the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock valued at $4,916,000 after buying an additional 15,214 shares during the period. Finally, Brooklyn Investment Group acquired a new stake in HEICO during the third quarter valued at $128,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Performance

HEI opened at $261.10 on Monday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The company has a market cap of $36.28 billion, a price-to-earnings ratio of 71.34, a PEG ratio of 3.10 and a beta of 1.26. HEICO Co. has a 52-week low of $185.03 and a 52-week high of $283.60. The firm’s fifty day simple moving average is $241.49 and its two-hundred day simple moving average is $251.31.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.27. The business 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%. Equities analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Analysts Set New Price Targets

HEI has been the topic of several analyst reports. KeyCorp initiated coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Truist Financial raised their price target on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, HEICO has a consensus rating of “Moderate Buy” and a consensus target price of $271.40.

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.