Plato Investment Management Ltd Invests $1.54 Million in Heico Corporation $HEI

Plato Investment Management Ltd purchased a new stake in Heico Corporation (NYSE:HEI) in the 2nd quarter, Holdings Channel reports. The fund purchased 5,696 shares of the aerospace company’s stock, valued at approximately $1,545,000.

Other institutional investors have also recently modified their holdings of the company. IFC & Insurance Marketing Inc. acquired a new position in Heico during the fourth quarter worth $26,000. CBIZ Investment Advisory Services LLC boosted its position in shares of Heico by 1,000.0% during the 4th quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock worth $28,000 after purchasing an additional 80 shares in the last quarter. Birchwood Financial Partners Inc. purchased a new stake in shares of Heico during the 4th quarter worth $32,000. Miller Capital Partners Inc. acquired a new position in shares of Heico during the 4th quarter worth $70,000. Finally, BNP Paribas acquired a new position in shares of Heico during the 4th quarter worth $79,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently commented on HEI shares. Royal Bank Of Canada raised their price objective on shares of Heico from $375.00 to $390.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Rothschild & Co Redburn set a $360.00 target price on shares of Heico and gave the stock a “buy” rating in a research report on Wednesday, May 13th. Truist Financial raised shares of Heico to a “strong-buy” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of Heico from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, July 16th. Finally, Wall Street Zen raised Heico from a “hold” rating to a “buy” rating in a research note on Saturday. Three equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, Heico currently has a consensus rating of “Moderate Buy” and a consensus price target of $376.69.

Insider Buying and Selling at Heico

In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the stock in a transaction on Wednesday, June 10th. The stock was sold at an average price of $241.63, for a total transaction of $320,401.38. The sale was disclosed in a document filed with the SEC, which is available at this link. 4.86% of the stock is currently owned by corporate insiders.

Heico Stock Performance

Shares of NYSE HEI opened at $370.69 on Tuesday. The company has a market cap of $51.77 billion, a PE ratio of 66.19, a price-to-earnings-growth ratio of 3.88 and a beta of 1.04. Heico Corporation has a 12 month low of $256.11 and a 12 month high of $376.86. The company has a debt-to-equity ratio of 0.53, a current ratio of 2.92 and a quick ratio of 1.36. The company has a 50-day simple moving average of $350.63 and a 200-day simple moving average of $320.08.

Heico (NYSE:HEI) last announced its quarterly earnings data on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.33. The business had revenue of $1.38 billion for the quarter, compared to the consensus estimate of $1.25 billion. Heico had a net margin of 16.08% and a return on equity of 17.52%. The company’s quarterly revenue was up 25.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.12 earnings per share. On average, equities analysts anticipate that Heico Corporation will post 5.95 earnings per share for the current year.

Heico Dividend Announcement

The firm also recently declared a dividend, which was paid on Wednesday, July 15th. Shareholders of record on Wednesday, July 1st were issued a $0.13 dividend. The ex-dividend date was Wednesday, July 1st. This represents a yield of 7.0%. Heico’s payout ratio is 4.64%.

About Heico

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.