Aquatic Capital Management LLC Grows Stock Position in Heico Corporation $HEI

Aquatic Capital Management LLC boosted its stake in shares of Heico Corporation (NYSE:HEI) by 9.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 42,815 shares of the aerospace company’s stock after acquiring an additional 3,691 shares during the period. Aquatic Capital Management LLC’s holdings in Heico were worth $13,822,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in HEI. CPC Advisors LLC acquired a new stake in Heico in the third quarter valued at approximately $2,318,000. Vinva Investment Management Ltd raised its holdings in shares of Heico by 849.8% in the 2nd quarter. Vinva Investment Management Ltd now owns 14,323 shares of the aerospace company’s stock valued at $4,698,000 after purchasing an additional 12,815 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Heico during the 2nd quarter worth $1,086,000. Lombard Odier Asset Management USA Corp grew its stake in shares of Heico by 54.8% during the second quarter. Lombard Odier Asset Management USA Corp now owns 9,181 shares of the aerospace company’s stock worth $3,011,000 after purchasing an additional 3,249 shares in the last quarter. Finally, Sumitomo Life Insurance Co. increased its holdings in Heico by 97.3% in the third quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock valued at $3,202,000 after buying an additional 4,892 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Stock Performance

Shares of Heico stock opened at $288.06 on Friday. The firm’s fifty day simple moving average is $332.83 and its 200-day simple moving average is $322.69. Heico Corporation has a 12 month low of $229.07 and a 12 month high of $361.69. The stock has a market capitalization of $40.14 billion, a price-to-earnings ratio of 56.93, a PEG ratio of 3.53 and a beta of 1.01. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41.

Heico (NYSE:HEI) last issued its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period last year, the firm posted $1.20 EPS. Heico’s revenue for the quarter was up 14.4% on a year-over-year basis. As a group, equities analysts forecast that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Announces Dividend

The business also recently announced a dividend, which was paid on Tuesday, January 20th. Shareholders of record on Monday, January 5th were paid a $0.12 dividend. This represents a dividend yield of 7.0%. The ex-dividend date was Monday, January 5th. Heico’s dividend payout ratio (DPR) is 4.74%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research report on Sunday, March 8th. BNP Paribas Exane upgraded shares of Heico from a “neutral” rating to an “outperform” rating in a research note on Friday, February 27th. Royal Bank Of Canada restated an “outperform” rating and set a $375.00 price objective (up from $350.00) on shares of Heico in a research report on Monday, December 22nd. Citigroup reaffirmed a “buy” rating and issued a $415.00 target price (up from $367.00) on shares of Heico in a research report on Tuesday, January 13th. Finally, Stifel Nicolaus set a $370.00 price target on shares of Heico and gave the company a “buy” rating in a research report on Monday, December 22nd. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $364.43.

Heico Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.