B. Metzler seel. Sohn & Co. AG Trims Position in Heico Corporation $HEI

B. Metzler seel. Sohn & Co. AG decreased its holdings in Heico Corporation (NYSE:HEI - Free Report) by 49.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,640 shares of the aerospace company's stock after selling 8,325 shares during the quarter. B. Metzler seel. Sohn & Co. AG's holdings in Heico were worth $3,077,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. GM Advisory Group LLC grew its stake in 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 purchasing an additional 36 shares during the period. DSM Capital Partners LLC grew its stake in shares of Heico by 5.4% in the first quarter. DSM Capital Partners LLC now owns 807 shares of the aerospace company's stock worth $221,000 after acquiring an additional 41 shares during the last quarter. Cookson Peirce & Co. Inc. grew its stake in shares of Heico by 1.8% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 2,684 shares of the aerospace company's stock worth $869,000 after acquiring an additional 48 shares during the last quarter. Fortress Financial Solutions LLC increased its holdings in shares of Heico by 2.8% during the first quarter. Fortress Financial Solutions LLC now owns 1,796 shares of the aerospace company's stock valued at $493,000 after acquiring an additional 49 shares in the last quarter. Finally, Coastal Bridge Advisors LLC raised its position in shares of Heico by 4.1% in the 4th quarter. Coastal Bridge Advisors LLC now owns 1,246 shares of the aerospace company's stock worth $403,000 after purchasing an additional 49 shares during the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Heico Trading Down 0.0%

NYSE:HEI opened at $325.63 on Friday. The firm has a 50-day simple moving average of $352.65 and a 200-day simple moving average of $321.54. Heico Corporation has a one year low of $256.11 and a one year high of $376.86. The firm has a market cap of $45.51 billion, a P/E ratio of 54.18, a P/E/G ratio of 2.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.51, a quick ratio of 1.27 and a current ratio of 2.72.

Heico (NYSE:HEI - Get Free Report) last posted its earnings results on Tuesday, August 25th. The aerospace company reported $1.67 earnings per share for the quarter, topping analysts' consensus estimates of $1.51 by $0.16. Heico had a return on equity of 18.00% and a net margin of 16.38%.The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.36 billion. During the same quarter in the prior year, the business earned $1.26 earnings per share. Heico's revenue was up 23.1% on a year-over-year basis. Equities analysts anticipate that Heico Corporation will post 6.21 EPS for the current fiscal year.

Heico Dividend Announcement

The company also recently announced 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 was Wednesday, July 1st. This represents a yield of 7.0%. Heico's payout ratio is currently 4.33%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HEI. Wall Street Zen raised shares of Heico from a "hold" rating to a "buy" rating in a report on Monday, August 31st. The Goldman Sachs Group reiterated a "buy" rating and set a $491.00 price target on shares of Heico in a research note on Monday. Zacks Research raised shares of Heico from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, June 9th. Morgan Stanley set a $365.00 price objective on Heico and gave the stock an "equal weight" rating in a research note on Wednesday. Finally, UBS Group reaffirmed a "neutral" rating and issued a $396.00 target price (up from $382.00) on shares of Heico in a report on Thursday, August 27th. Three equities research analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, Heico currently has an average rating of "Moderate Buy" and a consensus price target of $395.38.

Insider Activity at Heico

In related news, CAO Bradley Rowen sold 1,326 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 4.86% of the company's stock.

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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