Heico Corporation $HEI is EULAV Asset Management’s 2nd Largest Position

EULAV Asset Management trimmed its stake in shares of Heico Corporation (NYSE:HEI) by 20.5% in the 4th quarter, Holdings Channel reports. The firm owned 333,697 shares of the aerospace company’s stock after selling 85,996 shares during the period. Heico accounts for approximately 2.9% of EULAV Asset Management’s holdings, making the stock its 2nd biggest position. EULAV Asset Management’s holdings in Heico were worth $107,981,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Westside Investment Management Inc. raised its holdings in shares of Heico by 100.0% during the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 43 shares during the last quarter. CBIZ Investment Advisory Services LLC raised its holdings in shares of Heico by 1,000.0% during the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in shares of Heico during the fourth quarter valued at approximately $37,000. FNY Investment Advisers LLC raised its holdings in shares of Heico by 862.5% during the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 138 shares during the last quarter. Finally, Flagship Harbor Advisors LLC purchased a new position in shares of Heico during the fourth quarter valued at approximately $65,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Price Performance

Shares of Heico stock opened at $331.57 on Friday. Heico Corporation has a one year low of $256.11 and a one year high of $361.69. The stock’s fifty day moving average is $291.99 and its 200 day moving average is $311.91. The stock has a market cap of $46.26 billion, a P/E ratio of 59.21, a P/E/G ratio of 3.57 and a beta of 1.03. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.41 and a current ratio of 2.92.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.33. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The company’s revenue for the quarter was up 25.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.12 earnings per share. Sell-side analysts anticipate that Heico Corporation will post 5.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on HEI. Wall Street Zen upgraded shares of Heico from a “hold” rating to a “buy” rating in a research report on Saturday. UBS Group reiterated a “neutral” rating and issued a $390.00 price target (up from $371.00) on shares of Heico in a research report on Monday. Weiss Ratings downgraded shares of Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Wells Fargo & Company set a $350.00 target price on Heico and gave the stock an “equal weight” rating in a report on Monday. Finally, Jefferies Financial Group reaffirmed a “buy” rating and issued a $410.00 target price (up from $375.00) on shares of Heico in a report on Thursday, May 28th. Two analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $371.63.

Insider Activity

In other news, Director Julie Neitzel sold 676 shares of the stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total value of $150,748.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.86% of the stock is currently owned by company 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.