Chartwell Investment Partners LLC decreased its position in shares of Heico Corp (NYSE:HEI) by 36.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,497 shares of the aerospace company’s stock after selling 19,270 shares during the period. Chartwell Investment Partners LLC’s holdings in Heico were worth $2,595,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the stock. Dupont Capital Management Corp boosted its holdings in shares of Heico by 20.6% in the 4th quarter. Dupont Capital Management Corp now owns 28,560 shares of the aerospace company’s stock valued at $2,213,000 after buying an additional 4,875 shares during the period. Steinberg Global Asset Management boosted its holdings in shares of Heico by 0.9% in the 4th quarter. Steinberg Global Asset Management now owns 41,268 shares of the aerospace company’s stock valued at $3,197,000 after buying an additional 366 shares during the period. Parkside Financial Bank & Trust boosted its holdings in shares of Heico by 8.1% in the 4th quarter. Parkside Financial Bank & Trust now owns 2,084 shares of the aerospace company’s stock valued at $161,000 after buying an additional 157 shares during the period. Trust Co. of Vermont boosted its holdings in shares of Heico by 56.7% in the 4th quarter. Trust Co. of Vermont now owns 940 shares of the aerospace company’s stock valued at $73,000 after buying an additional 340 shares during the period. Finally, Bradley Foster & Sargent Inc. CT acquired a new position in shares of Heico in the 4th quarter valued at about $972,000. 26.09% of the stock is currently owned by hedge funds and other institutional investors.
Heico stock opened at $88.30 on Friday. The company has a quick ratio of 1.18, a current ratio of 2.60 and a debt-to-equity ratio of 0.35. The stock has a market cap of $11.74 billion, a price-to-earnings ratio of 48.78, a PEG ratio of 3.47 and a beta of 0.87. Heico Corp has a 52-week low of $58.36 and a 52-week high of $94.12.
Heico (NYSE:HEI) last posted its earnings results on Monday, December 17th. The aerospace company reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. The firm had revenue of $477.00 million during the quarter, compared to analyst estimates of $462.91 million. Heico had a net margin of 14.58% and a return on equity of 16.39%. Heico’s revenue was up 13.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.62 EPS. Equities analysts forecast that Heico Corp will post 2.08 EPS for the current fiscal year.
The company also recently announced a semiannual dividend, which was paid on Thursday, January 17th. Shareholders of record on Thursday, January 3rd were paid a dividend of $0.07 per share. This represents a yield of 0.17%. This is a positive change from Heico’s previous semiannual dividend of $0.06. The ex-dividend date of this dividend was Wednesday, January 2nd. Heico’s payout ratio is presently 7.73%.
Several research analysts have recently commented on the stock. Vertical Research assumed coverage on shares of Heico in a report on Tuesday, January 22nd. They issued a “buy” rating and a $91.00 price target for the company. Zacks Investment Research raised shares of Heico from a “hold” rating to a “buy” rating and set a $87.00 price target for the company in a report on Wednesday, January 2nd. Two research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $91.45.
In other Heico news, VP Thomas S. Irwin sold 10,000 shares of the business’s stock in a transaction dated Thursday, January 10th. The shares were sold at an average price of $70.64, for a total transaction of $706,400.00. Following the completion of the transaction, the vice president now directly owns 38,608 shares of the company’s stock, valued at approximately $2,727,269.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Schriesheim bought 1,445 shares of Heico stock in a transaction on Tuesday, January 22nd. The shares were purchased at an average cost of $79.59 per share, with a total value of $115,007.55. Following the completion of the purchase, the director now directly owns 24,700 shares in the company, valued at $1,965,873. The disclosure for this purchase can be found here. Insiders own 9.88% of the company’s stock.
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HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components for aerospace and industrial original equipment manufacturers, and the United States government.
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