Erste Asset Management GmbH Increases Stock Position in Heico Corporation $HEI

Erste Asset Management GmbH boosted its position in shares of Heico Corporation (NYSE:HEI) by 136.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,000 shares of the aerospace company’s stock after purchasing an additional 34,000 shares during the period. Erste Asset Management GmbH’s holdings in Heico were worth $18,752,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of HEI. American Century Companies Inc. increased its position in shares of Heico by 68.9% in the 2nd quarter. American Century Companies Inc. now owns 528,145 shares of the aerospace company’s stock worth $173,232,000 after purchasing an additional 215,530 shares during the last quarter. Dixon Mitchell Investment Counsel Inc. raised its stake in Heico by 3.8% during the second quarter. Dixon Mitchell Investment Counsel Inc. now owns 201,173 shares of the aerospace company’s stock worth $65,985,000 after acquiring an additional 7,364 shares during the period. Munro Partners grew its stake in Heico by 8.5% during the 3rd quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock worth $63,800,000 after buying an additional 15,560 shares during the last quarter. Marsico Capital Management LLC increased its position in Heico by 13.8% in the second quarter. Marsico Capital Management LLC now owns 99,287 shares of the aerospace company’s stock worth $32,566,000 after buying an additional 12,021 shares during the period. Finally, PDT Partners LLC grew its position in shares of Heico by 52.6% during the second quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock worth $12,798,000 after acquiring an additional 13,443 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

HEI has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a research report on Monday, December 22nd. Citigroup reissued a “buy” rating and issued a $415.00 target price (up from $367.00) on shares of Heico in a research report on Tuesday, January 13th. Susquehanna began coverage on Heico in a research note on Friday, January 23rd. They issued a “neutral” rating and a $385.00 price objective for the company. Finally, Royal Bank Of Canada reiterated an “outperform” rating and issued a $375.00 target price (up from $350.00) on shares of Heico in a report on Monday, December 22nd. Eleven equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Heico presently has an average rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Stock Up 1.9%

Shares of Heico stock opened at $319.03 on Friday. The firm has a market cap of $44.46 billion, a price-to-earnings ratio of 63.05, a P/E/G ratio of 3.45 and a beta of 1.01. The stock has a 50-day simple moving average of $337.43 and a 200-day simple moving average of $322.79. Heico Corporation has a 52-week low of $229.07 and a 52-week high of $361.69. The company has a debt-to-equity ratio of 0.49, a current ratio of 2.83 and a quick ratio of 1.28.

Heico (NYSE:HEI) last released its quarterly earnings data on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. The firm 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 16.93% and a net margin of 15.38%.The firm’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.20 earnings per share. On average, equities research analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Dividend Announcement

The firm also recently disclosed a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were issued a $0.12 dividend. The ex-dividend date was Monday, January 5th. This represents a yield of 7.0%. Heico’s dividend payout ratio is currently 4.74%.

Heico Company 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.