Mar Vista Investment Partners LLC Sells 22,344 Shares of Heico Corporation (NYSE:HEI)

Mar Vista Investment Partners LLC decreased its stake in shares of Heico Corporation (NYSE:HEI - Free Report) by 16.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 110,429 shares of the aerospace company's stock after selling 22,344 shares during the period. Heico makes up 2.4% of Mar Vista Investment Partners LLC's portfolio, making the stock its 23rd biggest position. Mar Vista Investment Partners LLC owned about 0.08% of Heico worth $29,506,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently bought and sold shares of the company. NBC Securities Inc. acquired a new stake in Heico during the first quarter valued at approximately $27,000. Banque Transatlantique SA acquired a new position in shares of Heico in the 4th quarter worth $44,000. Atwood & Palmer Inc. purchased a new position in shares of Heico in the first quarter worth approximately $80,000. TD Private Client Wealth LLC raised its holdings in shares of Heico by 37.5% during the first quarter. TD Private Client Wealth LLC now owns 458 shares of the aerospace company's stock valued at $122,000 after acquiring an additional 125 shares during the period. Finally, Aster Capital Management DIFC Ltd lifted its position in shares of Heico by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock valued at $158,000 after acquiring an additional 475 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on HEI. William Blair reissued an "outperform" rating on shares of Heico in a research note on Tuesday, March 25th. Wells Fargo & Company boosted their price objective on shares of Heico from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Barclays set a $280.00 price objective on shares of Heico and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Bank of America boosted their price objective on shares of Heico from $320.00 to $355.00 and gave the company a "buy" rating in a research report on Thursday, July 3rd. Finally, UBS Group increased their price objective on Heico from $264.00 to $306.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $299.18.

Heico Price Performance

Shares of Heico stock traded up $3.07 during midday trading on Friday, reaching $314.66. The company had a trading volume of 418,376 shares, compared to its average volume of 482,756. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $328.64. The stock has a fifty day simple moving average of $297.26 and a 200 day simple moving average of $262.60. The company has a current ratio of 3.43, a quick ratio of 1.56 and a debt-to-equity ratio of 0.56. The company has a market capitalization of $43.77 billion, a price-to-earnings ratio of 73.52, a price-to-earnings-growth ratio of 3.91 and a beta of 1.08.

Heico (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.09. The firm had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. Heico had a return on equity of 15.88% and a net margin of 14.54%. The business's quarterly revenue was up 14.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.88 EPS. As a group, equities research analysts forecast that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be paid a $0.12 dividend. This represents a dividend yield of 0.1%. This is an increase from Heico's previous semi-annual dividend of $0.11. The ex-dividend date of this dividend is Tuesday, July 1st. Heico's payout ratio is currently 5.61%.

Insider Buying and Selling at Heico

In related news, Director Alan Schriesheim sold 35,000 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total value of $10,442,600.00. Following the completion of the sale, the director directly owned 122,197 shares of the company's stock, valued at approximately $36,458,696.92. This represents a 22.27% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frank J. Schwitter sold 356 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total value of $106,479.60. Following the transaction, the director directly owned 1,500 shares in the company, valued at $448,650. This represents a 19.18% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 86,056 shares of company stock valued at $22,699,941. Company insiders own 9.55% of the company's stock.

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.