Indivisible Partners Makes New $5.88 Million Investment in Heico Corporation $HEI

Key Points

• Indivisible Partners bought a new position of 18,179 shares in Heico Corporation, worth approximately $5.88 million in the fourth quarter.
• Analysts give HEI a consensus rating of “Moderate Buy” with a consensus target price of $358.71, reflecting mixed broker views (ranging from equal-weight to strong-buy and several recent price target changes).
• Heico recently beat quarterly estimates (EPS $1.35 vs. $1.26, revenue $1.18B vs. $1.17B), has a market cap of about $38.7B, and its shares trade around $277 within a 52-week range of $256–$362.

Indivisible Partners bought a new position in shares of Heico Corporation (NYSE:HEI - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 18,179 shares of the aerospace company's stock, valued at approximately $5,883,000.

Other hedge funds also recently bought and sold shares of the company. Groupama Asset Managment boosted its stake in Heico by 24.0% during the third quarter. Groupama Asset Managment now owns 18,139 shares of the aerospace company's stock worth $5,856,000 after buying an additional 3,512 shares during the period. CPC Advisors LLC purchased a new position in Heico during the third quarter worth about $2,318,000. Dynamic Technology Lab Private Ltd boosted its stake in Heico by 145.7% during the third quarter. Dynamic Technology Lab Private Ltd now owns 8,134 shares of the aerospace company's stock worth $2,626,000 after buying an additional 4,824 shares during the period. Sumitomo Life Insurance Co. boosted its stake in Heico by 97.3% during the third quarter. Sumitomo Life Insurance Co. now owns 9,920 shares of the aerospace company's stock worth $3,202,000 after buying an additional 4,892 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its position in shares of Heico by 149.9% during the third quarter. J.W. Cole Advisors Inc. now owns 3,051 shares of the aerospace company's stock worth $985,000 after purchasing an additional 1,830 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on HEI. Citigroup reduced their price target on shares of Heico from $400.00 to $323.00 and set a "buy" rating on the stock in a research report on Thursday, April 2nd. Wells Fargo & Company began coverage on shares of Heico in a research report on Wednesday, April 1st. They set an "equal weight" rating and a $290.00 price target on the stock. BNP Paribas Exane raised shares of Heico from a "neutral" rating to an "outperform" rating in a research report on Friday, February 27th. Susquehanna began coverage on shares of Heico in a research report on Friday, January 23rd. They set a "neutral" rating and a $385.00 price target on the stock. Finally, Truist Financial raised shares of Heico to a "strong-buy" rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $358.71.

Heico Stock Up 2.8%

Shares of Heico stock opened at $277.19 on Wednesday. Heico Corporation has a 52-week low of $256.11 and a 52-week high of $361.69. The company has a 50 day moving average of $290.50 and a 200 day moving average of $313.14. The company has a quick ratio of 1.41, a current ratio of 3.06 and a debt-to-equity ratio of 0.55. The company has a market capitalization of $38.67 billion, a P/E ratio of 54.78, a P/E/G ratio of 3.30 and a beta of 0.95.

Heico (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.26 by $0.09. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.17 billion. Heico had a net margin of 15.38% and a return on equity of 16.57%. The firm's quarterly revenue was up 14.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.20 earnings per share. As a group, research analysts forecast that Heico Corporation will post 5.56 EPS for the current fiscal year.

Insider Buying and Selling at Heico

In other news, Director Julie Neitzel sold 676 shares of the business's stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $223.00, for a total transaction of $150,748.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 4.86% of the company's stock.

Heico 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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