Vantage Investment Partners LLC Purchases 1,772 Shares of Heico Corporation (NYSE:HEI)

Vantage Investment Partners LLC grew its stake in shares of Heico Corporation (NYSE:HEI - Free Report) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 162,145 shares of the aerospace company's stock after purchasing an additional 1,772 shares during the quarter. Heico makes up about 3.6% of Vantage Investment Partners LLC's holdings, making the stock its 7th biggest position. Vantage Investment Partners LLC owned 0.12% of Heico worth $43,324,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC increased its position in shares of Heico by 219,129.4% during the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares in the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in Heico during the fourth quarter worth approximately $110,503,000. Fisher Asset Management LLC increased its position in Heico by 19.1% during the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after buying an additional 66,583 shares during the period. Two Sigma Advisers LP increased its position in Heico by 2.3% during the fourth 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 during the period. Finally, Freestone Grove Partners LP acquired a new position in Heico during the fourth quarter worth approximately $71,030,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on HEI shares. Wall Street Zen raised shares of Heico from a "hold" rating to a "buy" rating in a report on Friday, June 6th. William Blair reaffirmed an "outperform" rating on shares of Heico in a report on Tuesday, March 25th. Truist Financial reduced their target price on shares of Heico from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Morgan Stanley upped their target price on shares of Heico from $270.00 to $305.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Finally, Barclays set a $280.00 price target on Heico and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, Heico has an average rating of "Moderate Buy" and an average price target of $279.45.

Heico Stock Performance

Shares of Heico stock traded up $4.39 on Friday, reaching $315.47. 706,995 shares of the stock were exchanged, compared to its average volume of 481,239. Heico Corporation has a 1-year low of $216.68 and a 1-year high of $317.03. 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 business has a fifty day moving average price of $275.57 and a two-hundred day moving average price of $255.54. The firm has a market capitalization of $43.88 billion, a PE ratio of 73.71, a PEG ratio of 4.01 and a beta of 1.07.

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

Heico Increases Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Tuesday, July 15th. Investors of record on Tuesday, July 1st will be issued a dividend of $0.12 per share. This represents a yield of 0.1%. The ex-dividend date of this dividend is Tuesday, July 1st. This is a positive change from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio is currently 5.14%.

Insider Buying and Selling

In other Heico news, Director Alan Schriesheim sold 35,000 shares of the company's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the transaction, the director now directly owns 122,197 shares in the company, valued at approximately $36,458,696.92. This represents a 22.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Julie Neitzel sold 700 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the sale, the director now owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,056 shares of company stock valued at $22,699,941 over the last quarter. 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.