Kera Capital Partners Inc. Makes New $467,000 Investment in Heico Corporation $HEI

Key Points

• Kera Capital Partners Inc. invested approximately $467,000 in Heico Corporation by acquiring 1,423 shares during the second quarter.
• Analysts are bullish on Heico, with upgrades from several firms, increasing price targets significantly and a consensus rating of "Moderate Buy."
• Heico reported a strong quarterly performance with earnings per share (EPS) of $1.26, exceeding expectations and showing a year-over-year revenue increase of 15.7%.

Kera Capital Partners Inc. acquired a new stake in Heico Corporation (NYSE:HEI - Free Report) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 1,423 shares of the aerospace company's stock, valued at approximately $467,000.

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

Insider Activity at Heico

In other news, Chairman Laurans A. Mendelson sold 56,300 shares of the business's stock in a transaction dated Tuesday, July 15th. The shares were sold at an average price of $319.45, for a total transaction of $17,985,035.00. Following the completion of the sale, the chairman owned 1,253,127 shares of the company's stock, valued at $400,311,420.15. The trade was a 4.30% decrease in their ownership of the stock. 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.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HEI shares. Barclays upped their price objective on Heico from $280.00 to $300.00 and gave the stock an "equal weight" rating in a research note on Tuesday, September 2nd. Truist Financial upped their price objective on Heico from $352.00 to $366.00 and gave the stock a "buy" rating in a research note on Wednesday, August 27th. Jefferies Financial Group reiterated a "buy" rating on shares of Heico in a research note on Monday, August 18th. Zacks Research upgraded Heico to a "hold" rating in a research note on Monday, August 11th. Finally, Stifel Nicolaus set a $360.00 price target on Heico in a research note on Tuesday, August 26th. Nine investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $346.09.

Heico Trading Up 1.2%

Shares of NYSE:HEI traded up $3.74 during trading on Thursday, reaching $320.69. The company's stock had a trading volume of 122,787 shares, compared to its average volume of 503,717. The stock has a market capitalization of $44.64 billion, a PE ratio of 70.21, a price-to-earnings-growth ratio of 3.80 and a beta of 1.08. The firm's 50 day simple moving average is $317.60 and its two-hundred day simple moving average is $290.44. Heico Corporation has a 12 month low of $216.68 and a 12 month high of $338.92. The company has a current ratio of 3.35, a quick ratio of 1.51 and a debt-to-equity ratio of 0.58.

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

Heico Company Profile

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.