Fisher Asset Management LLC Acquires 35,288 Shares of Heico Corporation $HEI

Fisher Asset Management LLC raised its holdings in shares of Heico Corporation (NYSE:HEI) by 12.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 326,386 shares of the aerospace company’s stock after purchasing an additional 35,288 shares during the period. Fisher Asset Management LLC’s holdings in Heico were worth $105,615,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Groupama Asset Managment raised its position in Heico by 24.0% during the 3rd quarter. Groupama Asset Managment now owns 18,139 shares of the aerospace company’s stock valued at $5,856,000 after purchasing an additional 3,512 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its position in Heico by 145.7% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company’s stock valued at $2,626,000 after purchasing an additional 4,824 shares during the last quarter. Indivisible Partners bought a new position in Heico during the 4th quarter valued at approximately $5,883,000. Sumitomo Life Insurance Co. raised its position in Heico by 97.3% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock valued at $3,202,000 after purchasing an additional 4,892 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its position in Heico by 149.9% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,051 shares of the aerospace company’s stock valued at $985,000 after purchasing an additional 1,830 shares during the last quarter. Institutional investors own 27.12% of the company’s stock.

Heico Stock Up 0.1%

HEI stock opened at $301.33 on Tuesday. Heico Corporation has a fifty-two week low of $256.11 and a fifty-two week high of $361.69. The business’s 50 day moving average price is $283.55 and its two-hundred day moving average price is $311.30. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.41 and a current ratio of 3.06. The company has a market capitalization of $42.04 billion, a price-to-earnings ratio of 59.55, a price-to-earnings-growth ratio of 3.69 and a beta of 0.95.

Heico (NYSE:HEI) last posted its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.26 by $0.09. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.17 billion. Heico had a return on equity of 16.57% and a net margin of 15.38%.The firm’s quarterly revenue was up 14.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.20 EPS. As a group, analysts forecast that Heico Corporation will post 5.56 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on HEI. Wells Fargo & Company began coverage on Heico in a report on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 target price on the stock. Jefferies Financial Group set a $375.00 target price on Heico in a report on Sunday. Wall Street Zen downgraded Heico from a “buy” rating to a “hold” rating in a report on Sunday, March 8th. Weiss Ratings downgraded Heico from a “buy (b-)” rating to a “hold (c+)” rating in a report on Wednesday, April 22nd. Finally, Rothschild & Co Redburn set a $360.00 target price on Heico and gave the stock a “buy” rating in a report on Wednesday, May 13th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $359.81.

Insider Buying and Selling at Heico

In related news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 4.86% of the stock is owned by insiders.

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.