Capital Advisors Ltd. LLC lowered its position in shares of Heico Corp (NYSE:HEI) by 54.8% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 247 shares of the aerospace company’s stock after selling 300 shares during the quarter. Capital Advisors Ltd. LLC’s holdings in Heico were worth $31,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in HEI. Private Trust Co. NA acquired a new stake in Heico during the second quarter valued at approximately $334,000. Empowered Funds LLC bought a new position in shares of Heico during the second quarter valued at approximately $1,345,000. EFG Asset Management Americas Corp. grew its holdings in shares of Heico by 2.6% during the second quarter. EFG Asset Management Americas Corp. now owns 37,583 shares of the aerospace company’s stock valued at $5,029,000 after purchasing an additional 967 shares during the last quarter. Dividend Assets Capital LLC bought a new position in shares of Heico during the second quarter valued at approximately $381,000. Finally, Integrated Investment Consultants LLC bought a new position in shares of Heico during the second quarter valued at approximately $255,000. Hedge funds and other institutional investors own 25.61% of the company’s stock.
Several research firms have recently commented on HEI. JPMorgan Chase & Co. reaffirmed a “buy” rating and set a $76.00 target price on shares of Heico in a report on Tuesday. SunTrust Banks upped their target price on Heico from $128.00 to $160.00 and gave the company a “buy” rating in a report on Thursday, August 29th. Robert W. Baird increased their price objective on Heico from $125.00 to $170.00 and gave the stock an “outperform” rating in a report on Tuesday, August 13th. ValuEngine lowered Heico from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 2nd. Finally, Credit Suisse Group increased their price objective on Heico from $133.00 to $163.00 and gave the stock an “outperform” rating in a report on Thursday, August 29th. They noted that the move was a valuation call. Three investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $122.00.
Heico (NYSE:HEI) last issued its quarterly earnings data on Tuesday, August 27th. The aerospace company reported $0.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.06. Heico had a return on equity of 18.58% and a net margin of 15.55%. The business had revenue of $532.32 million during the quarter, compared to analyst estimates of $510.67 million. During the same period in the prior year, the company posted $0.49 EPS. The business’s revenue for the quarter was up 14.3% compared to the same quarter last year. On average, equities analysts anticipate that Heico Corp will post 2.31 EPS for the current fiscal year.
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. 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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