928 Shares in HEICO Co. (NYSE:HEI) Acquired by Lifeworks Advisors LLC

Lifeworks Advisors LLC bought a new stake in shares of HEICO Co. (NYSE:HEI) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 928 shares of the aerospace company’s stock, valued at approximately $221,000.

Several other hedge funds also recently bought and sold shares of HEI. EULAV Asset Management boosted its stake in shares of HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after acquiring an additional 51,500 shares during the last quarter. 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 worth $98,791,000 after purchasing an additional 66,583 shares during the last quarter. Two Sigma Advisers LP grew its holdings in shares of HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock worth $94,885,000 after buying an additional 13,100 shares in the last quarter. Vantage Investment Partners LLC grew its holdings in shares of HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock worth $38,127,000 after buying an additional 37,943 shares in the last quarter. Finally, Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of HEICO by 13.9% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 70,852 shares of the aerospace company’s stock valued at $17,692,000 after buying an additional 8,628 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Performance

HEICO stock opened at $263.17 on Monday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. HEICO Co. has a one year low of $182.47 and a one year high of $283.60. The stock’s 50 day moving average price is $236.41 and its 200 day moving average price is $250.79. The firm has a market capitalization of $36.54 billion, a PE ratio of 71.90, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26.

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

HEICO Announces Dividend

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

Analyst Ratings Changes

HEI has been the subject of several recent analyst reports. KeyCorp assumed coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft lowered their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. Finally, Truist Financial increased their target price on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $271.40.

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.