Lodestar Private Asset Management LLC Has $443,000 Holdings in Heico Corporation $HEI

Lodestar Private Asset Management LLC cut its stake in Heico Corporation (NYSE:HEI) by 50.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,350 shares of the aerospace company’s stock after selling 1,400 shares during the period. Lodestar Private Asset Management LLC’s holdings in Heico were worth $443,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ridgewood Investments LLC boosted its stake in Heico by 92.0% in the 1st quarter. Ridgewood Investments LLC now owns 96 shares of the aerospace company’s stock worth $26,000 after purchasing an additional 46 shares during the period. NBC Securities Inc. acquired a new position in shares of Heico during the 1st quarter worth about $27,000. Costello Asset Management INC acquired a new position in shares of Heico during the 1st quarter worth about $27,000. Caitong International Asset Management Co. Ltd boosted its stake in shares of Heico by 17,800.0% during the 1st quarter. Caitong International Asset Management Co. Ltd now owns 179 shares of the aerospace company’s stock worth $48,000 after buying an additional 178 shares during the last quarter. Finally, Banque Transatlantique SA boosted its stake in shares of Heico by 36.8% during the 1st quarter. Banque Transatlantique SA now owns 253 shares of the aerospace company’s stock worth $62,000 after buying an additional 68 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on HEI shares. Bank of America increased their price objective on shares of Heico from $355.00 to $400.00 and gave the stock a “buy” rating in a research note on Friday, September 5th. Jefferies Financial Group restated a “buy” rating on shares of Heico in a research note on Monday, August 18th. Weiss Ratings restated a “buy (b-)” rating on shares of Heico in a research note on Saturday, September 27th. Truist Financial increased their price objective on shares of Heico from $352.00 to $366.00 and gave the stock a “buy” rating in a research note on Wednesday, August 27th. Finally, Morgan Stanley increased their price objective on shares of Heico from $305.00 to $330.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 17th. Ten equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, Heico presently has an average rating of “Moderate Buy” and an average target price of $346.09.

Heico Stock Down 2.7%

Shares of HEI stock opened at $307.29 on Monday. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The firm’s 50-day moving average is $316.89 and its 200-day moving average is $297.56. The stock has a market cap of $42.78 billion, a price-to-earnings ratio of 67.24, a PEG ratio of 3.60 and a beta of 1.08. Heico Corporation has a 52-week low of $216.68 and a 52-week high of $338.92.

Heico (NYSE:HEI) last issued its earnings results on Monday, August 25th. The aerospace company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.12 by $0.14. The company had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.11 billion. Heico had a net margin of 14.96% and a return on equity of 16.29%. Heico’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. Sell-side analysts predict that Heico Corporation will post 4.2 EPS for the current year.

Insiders Place Their Bets

In other Heico news, Chairman Laurans A. Mendelson sold 56,300 shares of the stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total value of $17,985,035.00. Following the transaction, the chairman directly owned 1,253,127 shares of the company’s stock, valued at $400,311,420.15. This represents a 4.30% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 9.55% of the stock is currently owned by corporate insiders.

Heico Company Profile

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.