HEICO Co. (NYSE:HEI) Stock Position Lifted by Gardner Lewis Asset Management L P

Gardner Lewis Asset Management L P lifted its stake in shares of HEICO Co. (NYSE:HEI) by 1.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,838 shares of the aerospace company’s stock after purchasing an additional 195 shares during the quarter. Gardner Lewis Asset Management L P’s holdings in HEICO were worth $2,577,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of HEI. Orion Portfolio Solutions LLC increased its stake in HEICO by 8.1% during the 4th quarter. Orion Portfolio Solutions LLC now owns 1,020 shares of the aerospace company’s stock valued at $242,000 after buying an additional 76 shares during the period. EntryPoint Capital LLC bought a new stake in HEICO during the fourth quarter worth approximately $220,000. Emerald Advisers LLC lifted its position in HEICO by 30.4% in the fourth quarter. Emerald Advisers LLC now owns 3,108 shares of the aerospace company’s stock worth $739,000 after purchasing an additional 725 shares during the period. Stevens Capital Management LP bought a new position in HEICO during the 4th quarter valued at $323,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of HEICO during the 4th quarter valued at $354,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Down 0.1 %

NYSE HEI opened at $268.68 on Friday. HEICO Co. has a one year low of $185.03 and a one year high of $283.60. The firm has a market cap of $37.33 billion, a PE ratio of 73.41, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The stock’s 50 day simple moving average is $244.64 and its 200 day simple moving average is $251.81.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on HEI shares. KeyCorp assumed coverage on HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating for the company. William Blair reissued an “outperform” rating on shares of HEICO in a research note on Tuesday. Truist Financial lifted their price target on HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a research note on Wednesday, March 5th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price 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 eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.