HEICO Co. (NYSE:HEI) Stock Holdings Boosted by Sawgrass Asset Management LLC

Sawgrass Asset Management LLC grew its stake in shares of HEICO Co. (NYSE:HEI) by 36.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 42,144 shares of the aerospace company’s stock after buying an additional 11,207 shares during the quarter. Sawgrass Asset Management LLC’s holdings in HEICO were worth $7,538,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of HEI. EULAV Asset Management lifted its position in shares of HEICO by 50.9% during the 3rd quarter. EULAV Asset Management now owns 233,593 shares of the aerospace company’s stock valued at $37,826,000 after acquiring an additional 78,779 shares during the last quarter. Mar Vista Investment Partners LLC lifted its position in shares of HEICO by 22.8% during the 3rd quarter. Mar Vista Investment Partners LLC now owns 261,257 shares of the aerospace company’s stock valued at $42,305,000 after acquiring an additional 48,447 shares during the last quarter. Federated Hermes Inc. lifted its position in shares of HEICO by 8.3% during the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock valued at $101,438,000 after acquiring an additional 43,509 shares during the last quarter. Azimuth Capital Investment Management LLC purchased a new stake in shares of HEICO in the third quarter valued at $6,908,000. Finally, Dynamo Internacional Gestao DE Recursos LTDA. lifted its holdings in shares of HEICO by 27.3% in the third quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company’s stock valued at $13,072,000 after purchasing an additional 17,323 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Price Performance

Shares of NYSE HEI traded up $1.06 during midday trading on Wednesday, reaching $209.48. 286,818 shares of the company traded hands, compared to its average volume of 370,902. The firm has a market cap of $28.98 billion, a PE ratio of 68.12, a PEG ratio of 3.46 and a beta of 1.11. The stock’s 50-day simple moving average is $194.63 and its 200-day simple moving average is $183.07. HEICO Co. has a 12 month low of $153.63 and a 12 month high of $213.63. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $896.36 million during the quarter, compared to analysts’ expectations of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The business’s revenue was up 44.4% on a year-over-year basis. During the same period last year, the business earned $0.67 earnings per share. As a group, equities analysts anticipate that HEICO Co. will post 3.47 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Bank of America raised shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Thursday, January 25th. Royal Bank of Canada raised their price target on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus raised their price target on HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $206.00.

Insider Buying and Selling at HEICO

In related news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the transaction, the director now directly owns 1,255 shares of the company’s stock, valued at $243,093.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total value of $4,996,680.00. Following the completion of the sale, the director now directly owns 155,862 shares in the company, valued at $29,953,559.16. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The disclosure for this sale can be found here. Company insiders own 8.10% of the company’s stock.

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. 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.