Capital International Ltd. CA Trims Stock Position in Heico Corporation $HEI

Capital International Ltd. CA lowered its holdings in shares of Heico Corporation (NYSE:HEI) by 10.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 52,469 shares of the aerospace company’s stock after selling 6,332 shares during the quarter. Capital International Ltd. CA’s holdings in Heico were worth $16,978,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Groupama Asset Managment increased its position in shares of Heico by 24.0% during the 3rd quarter. Groupama Asset Managment now owns 18,139 shares of the aerospace company’s stock valued at $5,856,000 after purchasing an additional 3,512 shares during the last quarter. Indivisible Partners purchased a new stake in Heico in the 4th quarter worth approximately $5,883,000. Dynamic Technology Lab Private Ltd increased its holdings in Heico by 145.7% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company’s stock worth $2,626,000 after acquiring an additional 4,824 shares in the last quarter. Sumitomo Life Insurance Co. increased its holdings in Heico by 97.3% in the 3rd quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company’s stock worth $3,202,000 after acquiring an additional 4,892 shares in the last quarter. Finally, J.W. Cole Advisors Inc. increased its holdings in Heico by 149.9% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 3,051 shares of the aerospace company’s stock worth $985,000 after acquiring an additional 1,830 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Heico Trading Down 0.4%

Shares of HEI opened at $331.57 on Friday. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 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 company has a 50 day simple moving average of $291.99 and a two-hundred day simple moving average of $311.91. The firm has a market cap of $46.26 billion, a P/E ratio of 59.21, a price-to-earnings-growth ratio of 3.56 and a beta of 1.03.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The business had revenue of $1.38 billion during the quarter, compared to analyst estimates of $1.25 billion. During the same period last year, the firm posted $1.12 EPS. The company’s revenue was up 25.3% on a year-over-year basis. On average, equities analysts expect that Heico Corporation will post 5.74 earnings per share for the current fiscal year.

Insider Transactions at Heico

In other Heico news, Director Julie Neitzel sold 676 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.86% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HEI has been the subject of several analyst reports. Susquehanna increased their target price on shares of Heico from $321.00 to $365.00 and gave the stock a “neutral” rating in a report on Friday, May 29th. Wall Street Zen raised shares of Heico from a “hold” rating to a “buy” rating in a report on Saturday. Royal Bank Of Canada increased their target price on shares of Heico from $375.00 to $390.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the stock a “buy” rating in a report on Wednesday, May 13th. Finally, BNP Paribas Exane raised shares of Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Two research analysts have 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 has an average rating of “Moderate Buy” and an average price target of $371.63.

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.