Stone Run Capital LLC cut its holdings in Heico Corp (NYSE:HEI) by 5.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,416 shares of the aerospace company’s stock after selling 3,020 shares during the quarter. Heico accounts for 2.5% of Stone Run Capital LLC’s portfolio, making the stock its 14th biggest holding. Stone Run Capital LLC’s holdings in Heico were worth $4,945,000 as of its most recent SEC filing.
Several other institutional investors have also bought and sold shares of the stock. BB&T Securities LLC purchased a new stake in shares of Heico in the fourth quarter valued at approximately $205,000. Captrust Financial Advisors purchased a new stake in shares of Heico in the fourth quarter valued at approximately $129,000. Hanseatic Management Services Inc. purchased a new stake in shares of Heico in the fourth quarter valued at approximately $641,000. Paloma Partners Management Co boosted its stake in shares of Heico by 12.7% in the fourth quarter. Paloma Partners Management Co now owns 24,495 shares of the aerospace company’s stock valued at $2,311,000 after buying an additional 2,753 shares in the last quarter. Finally, Two Sigma Investments LP boosted its stake in shares of Heico by 508.8% in the fourth quarter. Two Sigma Investments LP now owns 194,915 shares of the aerospace company’s stock valued at $18,390,000 after buying an additional 162,901 shares in the last quarter. Hedge funds and other institutional investors own 21.80% of the company’s stock.
A number of research firms recently weighed in on HEI. Canaccord Genuity lifted their price target on Heico from $88.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research cut Heico from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 13th. SunTrust Banks reaffirmed a “buy” rating on shares of Heico in a report on Thursday, March 1st. Credit Suisse Group reaffirmed an “outperform” rating and set a $97.00 price objective (up from $87.20) on shares of Heico in a report on Thursday, March 1st. Finally, Jefferies Group set a $90.00 price objective on Heico and gave the stock a “buy” rating in a report on Wednesday, February 14th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $85.96.
HEI stock opened at $88.63 on Wednesday. The stock has a market capitalization of $9,291.38, a price-to-earnings ratio of 52.20, a P/E/G ratio of 3.24 and a beta of 0.70. Heico Corp has a 1-year low of $53.43 and a 1-year high of $90.81. The company has a current ratio of 2.89, a quick ratio of 1.29 and a debt-to-equity ratio of 0.50.
Heico (NYSE:HEI) last issued its quarterly earnings data on Tuesday, February 27th. The aerospace company reported $0.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.05). The firm had revenue of $404.41 million for the quarter, compared to analyst estimates of $394.23 million. Heico had a return on equity of 14.80% and a net margin of 13.26%. analysts predict that Heico Corp will post 2.24 EPS for the current year.
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Heico Company Profile
HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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