Alpine Woods Capital Investors LLC increased its position in shares of Heico Corp (NYSE:HEI) by 19.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,660 shares of the aerospace company’s stock after purchasing an additional 590 shares during the quarter. Alpine Woods Capital Investors LLC’s holdings in Heico were worth $347,000 at the end of the most recent reporting period.
Several other hedge funds also recently bought and sold shares of HEI. AQR Capital Management LLC grew its holdings in shares of Heico by 48.7% during the third quarter. AQR Capital Management LLC now owns 13,592 shares of the aerospace company’s stock worth $1,259,000 after buying an additional 4,451 shares during the last quarter. Hotaling Investment Management LLC purchased a new position in shares of Heico during the fourth quarter worth about $1,591,000. PFG Advisors purchased a new position in shares of Heico during the fourth quarter worth about $692,000. Empowered Funds LLC purchased a new stake in Heico in the 4th quarter valued at approximately $1,175,000. Finally, Fisher Asset Management LLC boosted its holdings in Heico by 0.4% in the 4th quarter. Fisher Asset Management LLC now owns 1,596,380 shares of the aerospace company’s stock valued at $123,688,000 after purchasing an additional 6,501 shares in the last quarter. 26.02% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Alan Schriesheim sold 8,000 shares of Heico stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $85.86, for a total transaction of $686,880.00. Following the completion of the sale, the director now directly owns 1,700 shares in the company, valued at approximately $145,962. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 1,756 shares of Heico stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $78.07, for a total transaction of $137,090.92. Following the sale, the director now owns 1,313 shares of the company’s stock, valued at $102,505.91. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,756 shares of company stock valued at $2,022,171. Insiders own 9.23% of the company’s stock.
Heico (NYSE:HEI) last posted its quarterly earnings results on Tuesday, February 26th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.46 by $0.03. Heico had a net margin of 14.86% and a return on equity of 17.72%. The company had revenue of $466.15 million during the quarter, compared to the consensus estimate of $453.65 million. Analysts expect that Heico Corp will post 2.14 EPS for the current year.
A number of brokerages have weighed in on HEI. UBS Group lifted their price objective on Heico from $85.00 to $112.00 and gave the company a “neutral” rating in a report on Tuesday, April 30th. Cowen began coverage on Heico in a report on Tuesday, March 5th. They issued a “market perform” rating and a $95.00 price objective on the stock. SunTrust Banks reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Heico in a report on Wednesday, February 27th. Zacks Investment Research lowered Heico from a “buy” rating to a “hold” rating in a report on Tuesday, February 12th. Finally, Vertical Research began coverage on Heico in a report on Tuesday, January 22nd. They issued a “buy” rating and a $91.00 price objective on the stock. Four analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $96.13.
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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