83,537 Shares in Heico Corporation $HEI Purchased by Liontrust Investment Partners LLP

Liontrust Investment Partners LLP acquired a new stake in Heico Corporation (NYSE:HEI - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 83,537 shares of the aerospace company's stock, valued at approximately $29,744,000. Liontrust Investment Partners LLP owned 0.06% of Heico as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in HEI. Diamant Asset Management Inc. lifted its holdings in Heico by 25,698.9% during the 1st quarter. Diamant Asset Management Inc. now owns 763,647 shares of the aerospace company's stock valued at $209,392,000 after purchasing an additional 760,687 shares during the last quarter. Weitz Investment Management Inc. acquired a new position in shares of Heico in the second quarter valued at $52,737,000. Bank of New York Mellon Corp acquired a new position in shares of Heico in the second quarter valued at $54,386,000. Freestone Grove Partners LP bought a new position in shares of Heico in the second quarter valued at about $50,276,000. Finally, Munro Partners lifted its stake in shares of Heico by 44.2% during the 4th quarter. Munro Partners now owns 284,898 shares of the aerospace company's stock worth $92,190,000 after buying an additional 87,265 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Heico Stock Performance

NYSE HEI opened at $335.83 on Friday. The firm has a 50-day moving average price of $353.82 and a two-hundred day moving average price of $321.55. Heico Corporation has a 12-month low of $256.11 and a 12-month high of $376.86. The company has a market capitalization of $46.90 billion, a P/E ratio of 55.88, a P/E/G ratio of 3.38 and a beta of 1.04. The company has a quick ratio of 1.36, a current ratio of 2.92 and a debt-to-equity ratio of 0.53.

Heico (NYSE:HEI - Get Free Report) last announced its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 EPS for the quarter, topping the consensus estimate of $1.51 by $0.16. The company had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.36 billion. Heico had a net margin of 16.38% and a return on equity of 18.41%. The business's revenue for the quarter was up 23.1% on a year-over-year basis. During the same period last year, the firm earned $1.26 earnings per share. Analysts anticipate that Heico Corporation will post 6.05 earnings per share for the current year.

Heico Announces Dividend

The business also recently disclosed a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.13 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a yield of 7.0%. Heico's payout ratio is currently 4.33%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the stock. Wall Street Zen cut shares of Heico from a "buy" rating to a "hold" rating in a report on Sunday, August 23rd. UBS Group reaffirmed a "neutral" rating and issued a $396.00 target price (up from $382.00) on shares of Heico in a research report on Thursday. Rothschild & Co Redburn set a $360.00 target price on Heico and gave the stock a "buy" rating in a research note on Wednesday, May 13th. Stifel Nicolaus set a $410.00 price target on Heico in a report on Thursday. Finally, Susquehanna boosted their price target on Heico from $321.00 to $365.00 and gave the company a "neutral" rating in a research note on Friday, May 29th. Three investment analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, Heico has a consensus rating of "Moderate Buy" and an average target price of $382.43.

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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