Heico Corporation $HEI is Riverbridge Partners LLC’s 3rd Largest Position

Riverbridge Partners LLC cut its stake in shares of Heico Corporation (NYSE:HEI) by 9.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 589,525 shares of the aerospace company’s stock after selling 63,680 shares during the quarter. Heico makes up approximately 3.6% of Riverbridge Partners LLC’s portfolio, making the stock its 3rd biggest position. Riverbridge Partners LLC’s holdings in Heico were worth $190,764,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in HEI. Westside Investment Management Inc. raised its holdings in Heico by 100.0% in the third quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock valued at $28,000 after acquiring an additional 43 shares in the last quarter. Greykasell Wealth Strategies Inc. acquired a new position in Heico during the 3rd quarter worth approximately $29,000. Hazlett Burt & Watson Inc. purchased a new stake in shares of Heico in the 3rd quarter valued at approximately $31,000. Aventura Private Wealth LLC purchased a new stake in shares of Heico in the 4th quarter valued at approximately $96,000. Finally, Pittenger & Anderson Inc. raised its holdings in shares of Heico by 159.2% in the 3rd quarter. Pittenger & Anderson Inc. now owns 324 shares of the aerospace company’s stock valued at $105,000 after purchasing an additional 199 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Trading Down 2.3%

Shares of Heico stock opened at $272.58 on Friday. The company has a current ratio of 3.06, a quick ratio of 1.41 and a debt-to-equity ratio of 0.55. The company has a fifty day simple moving average of $320.29 and a 200-day simple moving average of $320.43. The stock has a market cap of $38.03 billion, a price-to-earnings ratio of 53.87, a PEG ratio of 3.42 and a beta of 1.01. Heico Corporation has a 12-month low of $229.07 and a 12-month high of $361.69.

Heico (NYSE:HEI) last announced its quarterly earnings results on Wednesday, February 25th. The aerospace company reported $1.35 EPS for the quarter, topping the consensus estimate of $1.26 by $0.09. Heico had a net margin of 15.38% and a return on equity of 16.57%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the business earned $1.20 EPS. Heico’s revenue for the quarter was up 14.4% compared to the same quarter last year. On average, equities analysts forecast that Heico Corporation will post 4.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

HEI has been the subject of several recent analyst reports. Royal Bank Of Canada reaffirmed an “outperform” rating and set a $375.00 price objective (up from $350.00) on shares of Heico in a research report on Monday, December 22nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $375.00 price target (up from $355.00) on shares of Heico in a research note on Monday, December 22nd. UBS Group reaffirmed a “neutral” rating and set a $371.00 price target (up from $359.00) on shares of Heico in a report on Monday, December 22nd. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Heico in a research report on Monday, December 29th. Finally, Stifel Nicolaus set a $370.00 price objective on Heico and gave the company a “buy” rating in a report on Monday, December 22nd. Ten investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $364.43.

Heico Company Profile

HEICO Corporation is an aerospace, defense and electronics company that designs, manufactures, and sells a range of products and provides repair and aftermarket services. Headquartered in Hollywood, Florida, HEICO supplies replacement components, repair services and engineered systems for commercial and business aviation, military and space markets as well as for selected industrial and medical customers. The company’s offerings are focused on sustaining and improving the reliability and availability of complex equipment across its end markets.

HEICO operates through two principal business areas.