Vantage Investment Partners LLC Has $43.32 Million Stock Holdings in Heico Corporation (NYSE:HEI)

Vantage Investment Partners LLC boosted its holdings in shares of Heico Corporation (NYSE:HEI - Free Report) by 1.1% during the 1st 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 acquiring an additional 1,772 shares during the period. Heico makes up approximately 3.6% of Vantage Investment Partners LLC's investment portfolio, making the stock its 7th largest holding. Vantage Investment Partners LLC owned 0.12% of Heico worth $43,324,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. NBC Securities Inc. acquired a new position in shares of Heico during the first quarter worth about $27,000. Banque Transatlantique SA bought a new stake in Heico in the fourth quarter valued at approximately $44,000. Atwood & Palmer Inc. bought a new position in Heico during the 1st quarter worth $80,000. SBI Securities Co. Ltd. bought a new position in Heico during the 4th quarter worth $135,000. Finally, Aster Capital Management DIFC Ltd increased its stake in Heico by 252.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after acquiring an additional 475 shares during the period. 27.12% of the stock is currently owned by institutional investors.

Heico Stock Performance

Shares of NYSE HEI traded down $0.69 during midday trading on Wednesday, reaching $316.92. The company's stock had a trading volume of 298,208 shares, compared to its average volume of 480,316. Heico Corporation has a 12-month low of $216.68 and a 12-month high of $320.01. The firm has a 50 day moving average price of $279.63 and a 200-day moving average price of $256.69. The stock has a market capitalization of $44.08 billion, a P/E ratio of 74.05, a PEG ratio of 4.04 and a beta of 1.07. The company has a debt-to-equity ratio of 0.56, a current ratio of 3.43 and a quick ratio of 1.56.

Heico (NYSE:HEI - Get Free Report) last issued its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.09. Heico had a net margin of 14.54% and a return on equity of 15.88%. The business 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 business's revenue for the quarter was up 14.9% compared to the same quarter last year. As a group, equities analysts predict that Heico Corporation will post 4.2 earnings per share for the current year.

Heico Increases Dividend

The company also recently declared a semi-annual dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Tuesday, July 1st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a dividend yield of 0.1%. This is a boost from Heico's previous semi-annual dividend of $0.11. Heico's dividend payout ratio is presently 5.14%.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on HEI shares. Morgan Stanley raised their target price on Heico from $270.00 to $305.00 and gave the company an "equal weight" rating in a report on Wednesday, June 4th. Wall Street Zen raised Heico from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Barclays set a $280.00 target price on Heico and gave the company an "equal weight" rating in a report on Monday, June 2nd. Truist Financial reduced their target price on Heico from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, UBS Group raised their target price on Heico from $264.00 to $306.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $286.00.

Insider Transactions at Heico

In related news, Director Alan Schriesheim sold 35,000 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total value of $10,442,600.00. Following the completion of the transaction, the director now directly owns 122,197 shares in the company, valued at approximately $36,458,696.92. The trade was a 22.27% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the completion of the transaction, the director now owns 1,500 shares of the company's stock, valued at $448,650. This trade represents a 19.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 86,056 shares of company stock valued at $22,699,941. 9.55% of the stock is currently owned by company insiders.

Heico 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.