AIA Group Ltd Has $3.72 Million Position in HEICO Co. (NYSE:HEI)

AIA Group Ltd lifted its stake in HEICO Co. (NYSE:HEI - Free Report) by 26.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,662 shares of the aerospace company's stock after acquiring an additional 3,281 shares during the quarter. AIA Group Ltd's holdings in HEICO were worth $3,723,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wealthfront Advisers LLC raised its stake in shares of HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares in the last quarter. River Global Investors LLP bought a new position in HEICO during the fourth quarter valued at approximately $16,073,000. Fisher Asset Management LLC lifted its stake in HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after acquiring an additional 66,583 shares during the last quarter. EULAV Asset Management grew its position in HEICO by 12.8% in the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock worth $107,861,000 after acquiring an additional 51,500 shares in the last quarter. Finally, Vantage Investment Partners LLC grew its position in HEICO by 31.0% in the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock worth $38,127,000 after acquiring an additional 37,943 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

HEICO Stock Performance

Shares of HEI traded down $18.13 during mid-day trading on Friday, hitting $241.07. The company's stock had a trading volume of 994,920 shares, compared to its average volume of 449,603. HEICO Co. has a one year low of $185.03 and a one year high of $283.60. The stock's 50-day moving average is $247.53 and its two-hundred day moving average is $252.03. The firm has a market capitalization of $33.50 billion, a PE ratio of 65.86, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.27. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. As a group, sell-side analysts anticipate that HEICO Co. will post 4.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on HEI shares. KeyCorp started coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating for the company. William Blair reiterated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Deutsche Bank Aktiengesellschaft cut their price objective on HEICO from $271.00 to $266.00 and set a "buy" rating on the stock in a research note on Thursday, December 19th. Finally, Truist Financial upped their target price on HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. Four analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $271.40.

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.