AIA Group Ltd Purchases 3,281 Shares of HEICO Co. (NYSE:HEI)

AIA Group Ltd increased its position in shares of HEICO Co. (NYSE:HEI) by 26.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,662 shares of the aerospace company’s stock after buying an additional 3,281 shares during the period. AIA Group Ltd’s holdings in HEICO were worth $3,723,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Gardner Lewis Asset Management L P grew its position in shares of HEICO by 1.8% in the fourth quarter. Gardner Lewis Asset Management L P now owns 10,838 shares of the aerospace company’s stock valued at $2,577,000 after purchasing an additional 195 shares during the last quarter. Orion Portfolio Solutions LLC increased its position in HEICO by 8.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,020 shares of the aerospace company’s stock worth $242,000 after buying an additional 76 shares during the period. EntryPoint Capital LLC bought a new stake in shares of HEICO in the fourth quarter valued at approximately $220,000. Emerald Advisers LLC grew its stake in shares of 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 acquiring an additional 725 shares during the last quarter. Finally, Stevens Capital Management LP acquired a new position in HEICO during the 4th quarter valued at $323,000. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts have recently issued reports on HEI shares. KeyCorp started coverage on shares of HEICO in a report on Thursday, January 16th. They set a “sector weight” rating on the stock. William Blair reissued an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft decreased their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Finally, Truist Financial upped their price target on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $271.40.

HEICO Trading Down 1.0 %

HEI opened at $266.03 on Monday. HEICO Co. has a 1-year low of $185.03 and a 1-year high of $283.60. The firm has a 50-day moving average price of $245.22 and a two-hundred day moving average price of $251.85. The stock has a market capitalization of $36.96 billion, a PE ratio of 72.68, a PEG ratio of 3.10 and a beta of 1.26. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

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

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.