4,864 Shares in Heico Corporation $HEI Bought by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP bought 4,864 Heico shares during the second quarter, worth approximately $1.73 million. Institutional investors collectively own 27.12% of the company.
• Heico reported strong quarterly results, with EPS of $1.66 versus the $1.33 consensus estimate and revenue of $1.38 billion, up 25.3% year over year.
• Shares recently traded around $352.79, while analysts maintain a “Moderate Buy” consensus rating and an average price target of $379.56.

Quantbot Technologies LP purchased a new stake in shares of Heico Corporation (NYSE:HEI - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 4,864 shares of the aerospace company's stock, valued at approximately $1,733,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GM Advisory Group LLC increased its holdings in shares of Heico by 1.2% in the fourth quarter. GM Advisory Group LLC now owns 2,985 shares of the aerospace company's stock worth $966,000 after buying an additional 36 shares during the period. DSM Capital Partners LLC boosted its holdings in Heico by 5.4% during the 1st quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company's stock valued at $221,000 after acquiring an additional 41 shares during the period. Mutual Advisors LLC grew its position in Heico by 3.8% during the 4th quarter. Mutual Advisors LLC now owns 1,181 shares of the aerospace company's stock worth $382,000 after acquiring an additional 43 shares during the last quarter. Cookson Peirce & Co. Inc. increased its stake in Heico by 1.8% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company's stock worth $869,000 after purchasing an additional 48 shares during the period. Finally, Fortress Financial Solutions LLC increased its stake in Heico by 2.8% in the 1st quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company's stock worth $493,000 after purchasing an additional 49 shares during the period. 27.12% of the stock is owned by institutional investors.

Heico Trading Down 0.6%

Shares of HEI opened at $352.79 on Tuesday. Heico Corporation has a 1-year low of $256.11 and a 1-year high of $376.86. The company has a current ratio of 2.92, a quick ratio of 1.36 and a debt-to-equity ratio of 0.53. The firm's 50-day moving average price is $353.37 and its 200-day moving average price is $321.01. The firm has a market capitalization of $49.27 billion, a price-to-earnings ratio of 63.00, a PEG ratio of 3.58 and a beta of 1.04.

Heico (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.33 by $0.33. The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. Heico's revenue was up 25.3% on a year-over-year basis. During the same period in the prior year, the firm earned $1.12 earnings per share. Sell-side analysts anticipate that Heico Corporation will post 6.02 EPS for the current year.

Heico Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, July 15th. Stockholders of record on Wednesday, July 1st were given a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a dividend yield of 7.0%. Heico's dividend payout ratio is currently 4.64%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Wall Street Zen lowered Heico from a "buy" rating to a "hold" rating in a research note on Sunday. Truist Financial raised shares of Heico to a "strong-buy" rating in a research note on Friday, May 1st. Morgan Stanley set a $370.00 price target on shares of Heico in a report on Wednesday, July 15th. Royal Bank Of Canada increased their price target on shares of Heico from $375.00 to $390.00 and gave the company an "outperform" rating in a research report on Friday, May 29th. Finally, Wells Fargo & Company set a $350.00 price target on shares of Heico and gave the stock an "equal weight" rating in a report on Monday, June 1st. Three investment analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Heico has an average rating of "Moderate Buy" and a consensus price target of $379.56.

Insider Activity at Heico

In other news, CAO Bradley K. Rowen sold 1,326 shares of the firm's stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total value of $320,401.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.86% of the stock is currently owned by insiders.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company's offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.

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