Quadrature Capital Ltd Acquires New Holdings in HEICO Co. (NYSE:HEI)

Quadrature Capital Ltd acquired a new stake in HEICO Co. (NYSE:HEI) during the first quarter, HoldingsChannel.com reports. The institutional investor acquired 14,641 shares of the aerospace company’s stock, valued at approximately $2,796,000.

A number of other large investors have also recently added to or reduced their stakes in HEI. Clear Harbor Asset Management LLC grew its stake in HEICO by 1.7% in the 4th quarter. Clear Harbor Asset Management LLC now owns 22,601 shares of the aerospace company’s stock valued at $4,043,000 after acquiring an additional 372 shares during the last quarter. PFG Advisors boosted its stake in shares of HEICO by 578.7% during the 4th quarter. PFG Advisors now owns 10,961 shares of the aerospace company’s stock worth $1,961,000 after purchasing an additional 9,346 shares during the last quarter. Carderock Capital Management Inc. boosted its stake in shares of HEICO by 6.9% during the 4th quarter. Carderock Capital Management Inc. now owns 28,362 shares of the aerospace company’s stock worth $5,073,000 after purchasing an additional 1,826 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its stake in shares of HEICO by 2.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock worth $428,000 after purchasing an additional 60 shares during the last quarter. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of HEICO during the 4th quarter worth about $214,000. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Trading Up 1.5 %

NYSE HEI traded up $3.47 during mid-day trading on Friday, hitting $234.23. The company’s stock had a trading volume of 258,067 shares, compared to its average volume of 379,794. The firm has a market capitalization of $32.44 billion, a P/E ratio of 73.66, a price-to-earnings-growth ratio of 3.43 and a beta of 1.20. The stock’s fifty day simple moving average is $224.39 and its two-hundred day simple moving average is $203.65. HEICO Co. has a 52-week low of $155.42 and a 52-week high of $237.45. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The company had revenue of $955.40 million for the quarter, compared to analyst estimates of $951.24 million. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The business’s quarterly revenue was up 38.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.76 earnings per share. Research analysts expect that HEICO Co. will post 3.57 EPS for the current year.

HEICO Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Monday, July 15th. Shareholders of record on Monday, July 1st were given a $0.11 dividend. This represents a dividend yield of 0.1%. This is a positive change from HEICO’s previous Semi-Annual dividend of $0.07. The ex-dividend date of this dividend was Monday, July 1st. HEICO’s dividend payout ratio is presently 6.92%.

Insider Transactions at HEICO

In related news, insider Eric A. Mendelson sold 8,864 shares of the company’s stock in a transaction on Monday, July 8th. The shares were sold at an average price of $180.54, for a total value of $1,600,306.56. Following the sale, the insider now directly owns 222,401 shares of the company’s stock, valued at $40,152,276.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, insider Eric A. Mendelson sold 8,864 shares of HEICO stock in a transaction dated Monday, July 8th. The stock was sold at an average price of $180.54, for a total value of $1,600,306.56. Following the completion of the transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric A. Mendelson sold 53,510 shares of the company’s stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $182.02, for a total value of $9,739,890.20. Following the sale, the insider now owns 168,891 shares in the company, valued at approximately $30,741,539.82. The disclosure for this sale can be found here. Over the last quarter, insiders sold 85,206 shares of company stock valued at $15,571,927. 8.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have issued reports on HEI shares. Robert W. Baird raised their price target on shares of HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. Morgan Stanley raised shares of HEICO from an “underweight” rating to an “equal weight” rating and raised their price target for the stock from $178.00 to $225.00 in a research note on Tuesday, June 4th. Stifel Nicolaus raised their price target on shares of HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research note on Monday, May 6th. Truist Financial increased their price objective on shares of HEICO from $240.00 to $248.00 and gave the stock a “buy” rating in a report on Wednesday, July 17th. Finally, Deutsche Bank Aktiengesellschaft increased their price objective on shares of HEICO from $209.00 to $235.00 and gave the stock a “buy” rating in a report on Tuesday, May 21st. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat.com, HEICO presently has a consensus rating of “Moderate Buy” and a consensus target price of $236.89.

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. 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.