HEICO Co. (NYSE:HEI) Shares Bought by West Oak Capital LLC

West Oak Capital LLC lifted its stake in HEICO Co. (NYSE:HEI) by 2,400.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,750 shares of the aerospace company’s stock after buying an additional 2,640 shares during the quarter. West Oak Capital LLC’s holdings in HEICO were worth $654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in HEI. Driehaus Capital Management LLC boosted its stake in shares of HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock worth $43,357,000 after acquiring an additional 77,067 shares during the last quarter. EULAV Asset Management raised its position in HEICO by 5.0% in the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock valued at $105,165,000 after purchasing an additional 19,200 shares during the period. Marsico Capital Management LLC boosted its holdings in HEICO by 19.3% during the 2nd quarter. Marsico Capital Management LLC now owns 114,236 shares of the aerospace company’s stock valued at $25,544,000 after acquiring an additional 18,465 shares during the period. Assenagon Asset Management S.A. acquired a new position in shares of HEICO in the third quarter valued at approximately $4,502,000. Finally, Quantbot Technologies LP increased its position in shares of HEICO by 424.1% during the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock worth $4,916,000 after acquiring an additional 15,214 shares during the period. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Trading Down 0.7 %

Shares of NYSE:HEI traded down $1.66 during midday trading on Friday, reaching $225.73. The company had a trading volume of 743,726 shares, compared to its average volume of 833,404. The company has a fifty day simple moving average of $255.45 and a two-hundred day simple moving average of $248.69. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. HEICO Co. has a 1-year low of $169.78 and a 1-year high of $283.60. The firm has a market cap of $31.34 billion, a price-to-earnings ratio of 66.20, a price-to-earnings-growth ratio of 3.12 and a beta of 1.28.

HEICO (NYSE:HEI) last issued its earnings results on Tuesday, December 17th. The aerospace company reported $0.99 EPS for the quarter, beating analysts’ consensus estimates of $0.97 by $0.02. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $1.01 billion for the quarter, compared to the consensus estimate of $1.03 billion. During the same quarter in the previous year, the company posted $0.74 earnings per share. The business’s quarterly revenue was up 8.2% compared to the same quarter last year. Research analysts predict that HEICO Co. will post 3.64 earnings per share for the current year.

HEICO Dividend Announcement

The business also recently declared a semi-annual dividend, which will be paid on Friday, January 17th. Investors of record on Friday, January 3rd will be paid a $0.11 dividend. This represents a yield of 0.1%. The ex-dividend date is Friday, January 3rd. HEICO’s dividend payout ratio is 6.01%.

Analyst Ratings Changes

A number of brokerages have issued reports on HEI. UBS Group assumed coverage on HEICO in a report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 price target for the company. Deutsche Bank Aktiengesellschaft lowered their price target on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a report on Thursday, December 19th. Truist Financial upped their price objective on shares of HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a research report on Friday, October 18th. Bank of America upped their price objective on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. Finally, Morgan Stanley lifted their price target on shares of HEICO from $245.00 to $265.00 and gave the company an “equal weight” rating in a research report on Friday, October 18th. Three investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, HEICO has an average rating of “Moderate Buy” and a consensus price target of $270.20.

Insider Activity

In related news, CEO Laurans A. Mendelson purchased 725 shares of HEICO stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average cost of $262.94 per share, with a total value of $190,631.50. Following the completion of the transaction, the chief executive officer now owns 929,984 shares of the company’s stock, valued at approximately $244,529,992.96. This trade represents a 0.08 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Victor H. Mendelson bought 726 shares of the company’s stock in a transaction dated Friday, October 18th. The stock was purchased at an average cost of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the acquisition, the insider now owns 1,234,950 shares in the company, valued at $324,717,753. This trade represents a 0.06 % increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders bought 2,175 shares of company stock worth $571,895. Insiders own 8.10% of the company’s stock.

About HEICO

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.