25,574 Shares in Heico Corporation $HEI Bought by PFA Pension Forsikringsaktieselskab

PFA Pension Forsikringsaktieselskab acquired a new position in shares of Heico Corporation (NYSE:HEI) in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 25,574 shares of the aerospace company’s stock, valued at approximately $8,395,000.

A number of other hedge funds have also bought and sold shares of the company. Westside Investment Management Inc. lifted its holdings in shares of Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after acquiring an additional 43 shares during the last quarter. Greykasell Wealth Strategies Inc. purchased a new position in shares of Heico during the 3rd quarter worth about $29,000. Hazlett Burt & Watson Inc. bought a new position in Heico during the 3rd quarter valued at about $31,000. V Square Quantitative Management LLC bought a new position in Heico during the 4th quarter valued at about $37,000. Finally, FNY Investment Advisers LLC raised its position in Heico by 862.5% in the 4th quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock worth $49,000 after purchasing an additional 138 shares during the period. Institutional investors own 27.12% of the company’s stock.

Insider Transactions at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 4.86% of the stock is currently owned by company insiders.

Heico Price Performance

Heico stock opened at $269.52 on Tuesday. The stock has a market cap of $37.60 billion, a price-to-earnings ratio of 53.26, a price-to-earnings-growth ratio of 3.28 and a beta of 0.95. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.41. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $361.69. The firm has a 50-day moving average of $291.99 and a two-hundred day moving average of $313.35.

Heico (NYSE:HEI) last issued its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company posted $1.20 earnings per share. The company’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts forecast that Heico Corporation will post 5.56 earnings per share for the current year.

Analysts Set New Price Targets

Several brokerages have issued reports on HEI. Wall Street Zen downgraded shares of Heico from a “buy” rating to a “hold” rating in a research note on Sunday, March 8th. Citigroup reduced their price target on Heico from $400.00 to $323.00 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Wells Fargo & Company started coverage on Heico in a research note on Wednesday, April 1st. They set an “equal weight” rating and a $290.00 price target for the company. Truist Financial upgraded Heico to a “strong-buy” rating in a report on Friday. Finally, BNP Paribas Exane raised Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. One research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $358.71.

About Heico

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.