HEICO Co. (NYSE:HEI) Stock Holdings Increased by Federated Hermes Inc.

Federated Hermes Inc. lifted its stake in HEICO Co. (NYSE:HEI - Free Report) by 8.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 567,103 shares of the aerospace company's stock after purchasing an additional 43,509 shares during the period. Federated Hermes Inc. owned approximately 0.41% of HEICO worth $101,438,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. NBC Securities Inc. acquired a new position in HEICO during the third quarter worth about $42,000. Harbour Investments Inc. raised its position in HEICO by 41.5% during the second quarter. Harbour Investments Inc. now owns 341 shares of the aerospace company's stock worth $60,000 after acquiring an additional 100 shares during the last quarter. Janiczek Wealth Management LLC raised its position in HEICO by 18.3% during the third quarter. Janiczek Wealth Management LLC now owns 447 shares of the aerospace company's stock worth $72,000 after acquiring an additional 69 shares during the last quarter. Sunbelt Securities Inc. acquired a new position in HEICO during the first quarter worth about $109,000. Finally, Sequoia Financial Advisors LLC acquired a new position in HEICO during the fourth quarter worth about $202,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on HEI shares. Bank of America raised shares of HEICO from a "neutral" rating to a "buy" rating and set a $220.00 price objective for the company in a research report on Thursday, January 25th. Royal Bank of Canada boosted their price objective on shares of HEICO from $210.00 to $225.00 and gave the company an "outperform" rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus boosted their price objective on shares of HEICO from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $204.50.

HEICO Trading Up 0.2 %

HEI stock traded up $0.41 on Friday, hitting $197.07. 332,283 shares of the company were exchanged, compared to its average volume of 375,179. HEICO Co. has a twelve month low of $153.63 and a twelve month high of $200.64. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. The business's fifty day moving average is $191.46 and its two-hundred day moving average is $179.13. The stock has a market capitalization of $27.27 billion, a price-to-earnings ratio of 64.40, a price-to-earnings-growth ratio of 3.23 and a beta of 1.16.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping the consensus estimate of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The firm had revenue of $896.36 million during the quarter, compared to analyst estimates of $891.32 million. During the same quarter in the prior year, the business posted $0.67 earnings per share. HEICO's revenue for the quarter was up 44.4% compared to the same quarter last year. As a group, research analysts forecast that HEICO Co. will post 3.47 earnings per share for the current year.

Insiders Place Their Bets

In other HEICO news, Director Alan Schriesheim sold 26,000 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the sale, the director now directly owns 155,862 shares in the company, valued at $29,953,559.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other HEICO news, Director Alan Schriesheim sold 26,000 shares of the business's stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the sale, the director now directly owns 155,862 shares in the company, valued at $29,953,559.16. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Frank J. Schwitter sold 400 shares of the business's stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total transaction of $77,480.00. Following the sale, the director now owns 1,255 shares of the company's stock, valued at $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is owned by 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.