Nicholas Company Inc. cut its position in shares of Heico Corp (NYSE:HEI) by 5.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 75,863 shares of the aerospace company’s stock after selling 4,000 shares during the quarter. Nicholas Company Inc.’s holdings in Heico were worth $5,877,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of HEI. Avalon Advisors LLC raised its position in Heico by 4.8% in the fourth quarter. Avalon Advisors LLC now owns 35,112 shares of the aerospace company’s stock worth $2,720,000 after acquiring an additional 1,611 shares during the period. Menta Capital LLC bought a new stake in Heico in the fourth quarter worth about $333,000. Thoroughbred Financial Services LLC bought a new stake in Heico in the fourth quarter worth about $231,000. Brown Advisory Securities LLC raised its position in Heico by 7.2% in the fourth quarter. Brown Advisory Securities LLC now owns 4,217 shares of the aerospace company’s stock worth $320,000 after acquiring an additional 283 shares during the period. Finally, Telemark Asset Management LLC raised its position in Heico by 40.0% in the fourth quarter. Telemark Asset Management LLC now owns 175,000 shares of the aerospace company’s stock worth $11,749,000 after acquiring an additional 50,000 shares during the period. Institutional investors own 25.84% of the company’s stock.

HEI has been the topic of several research reports. Vertical Research initiated coverage on shares of Heico in a research report on Tuesday, January 22nd. They issued a “buy” rating and a $91.00 price objective on the stock. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research report on Wednesday, January 2nd. SunTrust Banks reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Heico in a research report on Wednesday, February 27th. Finally, Cowen initiated coverage on shares of Heico in a research report on Tuesday, March 5th. They issued a “market perform” rating and a $95.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Heico presently has a consensus rating of “Buy” and an average price target of $94.00.

Shares of HEI stock opened at $91.13 on Friday. The stock has a market capitalization of $12.12 billion, a price-to-earnings ratio of 50.35, a P/E/G ratio of 3.54 and a beta of 0.83. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.66 and a current ratio of 3.48. Heico Corp has a 52 week low of $67.26 and a 52 week high of $95.00.

Heico (NYSE:HEI) last posted its earnings results on Monday, December 17th. The aerospace company reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The firm had revenue of $477.00 million during the quarter, compared to the consensus estimate of $462.91 million. Heico had a net margin of 14.86% and a return on equity of 17.40%. The company’s revenue was up 13.3% on a year-over-year basis. During the same quarter last year, the company earned $0.62 earnings per share. Research analysts predict that Heico Corp will post 2.14 earnings per share for the current year.

In other news, Director Frank J. Schwitter sold 1,756 shares of Heico stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $78.07, for a total value of $137,090.92. Following the completion of the transaction, the director now owns 1,313 shares in the company, valued at $102,505.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim bought 1,445 shares of Heico stock in a transaction dated Tuesday, January 22nd. The stock was acquired at an average price of $79.59 per share, with a total value of $115,007.55. Following the purchase, the director now directly owns 24,700 shares of the company’s stock, valued at $1,965,873. The disclosure for this purchase can be found here. 9.23% of the stock is owned by company insiders.

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Heico Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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