Bain Capital Public Equity LP Has $3.36 Million Holdings in Heico Corporation $HEI

Key Points

• Bain Capital Public Equity LP significantly reduced its stake in Heico Corporation, selling 20,941 shares, which represents a 62.5% decrease during the first quarter.
• Heico's recent quarterly earnings exceeded expectations, reporting an EPS of $1.26 against a consensus estimate of $1.12, alongside a revenue increase of 15.7% year-over-year.
• The company has announced an increase in its semi-annual dividend from $0.11 to $0.12 per share, reflecting a positive change in shareholder return strategy.

Bain Capital Public Equity LP decreased its position in Heico Corporation (NYSE:HEI - Free Report) by 62.5% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,563 shares of the aerospace company's stock after selling 20,941 shares during the period. Heico comprises approximately 3.7% of Bain Capital Public Equity LP's holdings, making the stock its 12th largest holding. Bain Capital Public Equity LP's holdings in Heico were worth $3,357,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. EULAV Asset Management raised its holdings in shares of Heico by 1.8% in the 1st quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company's stock worth $123,360,000 after buying an additional 8,000 shares in the last quarter. Two Sigma Advisers LP raised its holdings in shares of Heico by 2.3% in the 4th quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after buying an additional 8,300 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Heico by 11.3% in the 1st quarter. American Century Companies Inc. now owns 312,615 shares of the aerospace company's stock worth $83,528,000 after buying an additional 31,834 shares in the last quarter. Vantage Investment Partners LLC raised its holdings in shares of Heico by 1.1% in the 1st quarter. Vantage Investment Partners LLC now owns 162,145 shares of the aerospace company's stock worth $43,324,000 after buying an additional 1,772 shares in the last quarter. Finally, Mackenzie Financial Corp acquired a new position in shares of Heico in the 1st quarter worth approximately $40,949,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insider Activity

In other news, Chairman Laurans A. Mendelson sold 56,300 shares of the firm's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $319.45, for a total value of $17,985,035.00. Following the transaction, the chairman directly owned 1,253,127 shares in the company, valued at $400,311,420.15. This trade represents a 4.30% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 9.55% of the stock is owned by corporate insiders.

Heico Trading Up 0.1%

HEI traded up $0.20 during mid-day trading on Friday, reaching $322.49. The stock had a trading volume of 491,647 shares, compared to its average volume of 430,384. The stock has a market capitalization of $44.86 billion, a P/E ratio of 70.57, a P/E/G ratio of 3.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.58, a quick ratio of 1.51 and a current ratio of 3.35. The firm's fifty day simple moving average is $318.13 and its two-hundred day simple moving average is $286.27. Heico Corporation has a 52 week low of $216.68 and a 52 week high of $338.92.

Heico (NYSE:HEI - Get Free Report) last announced its quarterly earnings data on Monday, August 25th. The aerospace company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.12 by $0.14. The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.11 billion. Heico had a return on equity of 16.29% and a net margin of 14.96%.The business's quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company earned $0.97 EPS. On average, equities analysts predict that Heico Corporation will post 4.2 EPS for the current year.

Heico Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st were given a $0.12 dividend. The ex-dividend date was Tuesday, July 1st. This represents a dividend yield of 10.0%. This is an increase from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio is 5.25%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on HEI shares. Barclays increased their price target on Heico from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research report on Tuesday, September 2nd. Zacks Research upgraded Heico to a "hold" rating in a research report on Monday, August 11th. The Goldman Sachs Group restated a "buy" rating and set a $382.00 price target (up from $337.00) on shares of Heico in a research report on Wednesday, August 27th. UBS Group increased their price target on Heico from $346.00 to $375.00 and gave the stock a "neutral" rating in a research report on Wednesday, August 27th. Finally, Royal Bank Of Canada set a $350.00 price target on Heico in a research report on Wednesday, August 27th. Nine research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, Heico presently has an average rating of "Moderate Buy" and a consensus target price of $346.09.

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.