HEICO Co. (NYSE:HEI) Shares Sold by Cambridge Investment Research Advisors Inc.

Cambridge Investment Research Advisors Inc. decreased its position in HEICO Co. (NYSE:HEIGet Rating) by 5.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,570 shares of the aerospace company’s stock after selling 86 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in HEICO were worth $226,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of HEI. Lazard Asset Management LLC raised its stake in HEICO by 17.5% during the 2nd quarter. Lazard Asset Management LLC now owns 1,338,171 shares of the aerospace company’s stock valued at $175,460,000 after purchasing an additional 199,232 shares during the last quarter. Baird Financial Group Inc. raised its stake in shares of HEICO by 1.7% in the 2nd quarter. Baird Financial Group Inc. now owns 505,845 shares of the aerospace company’s stock valued at $66,327,000 after buying an additional 8,234 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of HEICO by 6.2% in the 2nd quarter. Federated Hermes Inc. now owns 346,613 shares of the aerospace company’s stock valued at $45,448,000 after buying an additional 20,223 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of HEICO in the 1st quarter valued at $35,606,000. Finally, Eaton Vance Management raised its stake in shares of HEICO by 8.0% in the 1st quarter. Eaton Vance Management now owns 210,914 shares of the aerospace company’s stock valued at $32,384,000 after buying an additional 15,547 shares in the last quarter. Institutional investors and hedge funds own 27.08% of the company’s stock.

HEICO Price Performance

Shares of NYSE HEI opened at $165.24 on Monday. The firm has a market cap of $22.58 billion, a PE ratio of 64.80, a PEG ratio of 4.45 and a beta of 1.14. The company has a current ratio of 2.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.11. HEICO Co. has a 1-year low of $126.95 and a 1-year high of $165.79. The company has a fifty day moving average price of $157.89 and a 200 day moving average price of $152.89.

HEICO Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Monday, January 23rd. Investors of record on Thursday, January 5th will be paid a $0.10 dividend. The ex-dividend date is Wednesday, January 4th. This is a positive change from HEICO’s previous semi-annual dividend of $0.09. This represents a yield of 0.1%. HEICO’s dividend payout ratio is presently 7.84%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the stock. Royal Bank of Canada raised shares of HEICO from a “sector perform” rating to an “outperform” rating and upped their target price for the stock from $150.00 to $175.00 in a report on Monday, October 24th. Wolfe Research assumed coverage on shares of HEICO in a report on Monday, October 10th. They set a “peer perform” rating on the stock. Truist Financial increased their price objective on shares of HEICO from $165.00 to $169.00 in a report on Monday, January 9th. Morgan Stanley lowered shares of HEICO from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $182.00 to $172.00 in a report on Monday, December 12th. Finally, Benchmark upped their target price on shares of HEICO from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, December 21st. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $171.88.

Insider Buying and Selling

In related news, Director Frank J. Schwitter sold 300 shares of the company’s stock in a transaction on Wednesday, January 4th. The shares were sold at an average price of $118.50, for a total value of $35,550.00. Following the completion of the transaction, the director now directly owns 600 shares of the company’s stock, valued at approximately $71,100. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, VP Thomas S. Irwin sold 3,608 shares of the stock in a transaction dated Tuesday, January 10th. The shares were sold at an average price of $121.56, for a total transaction of $438,588.48. Following the completion of the transaction, the vice president now directly owns 40,863 shares in the company, valued at approximately $4,967,306.28. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank J. Schwitter sold 300 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $118.50, for a total transaction of $35,550.00. Following the completion of the sale, the director now directly owns 600 shares in the company, valued at $71,100. The disclosure for this sale can be found here. In the last ninety days, insiders purchased 3,633 shares of company stock valued at $570,635. Company insiders own 8.27% of the company’s stock.

HEICO Profile

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HEICO Corp. engages in the manufacturing of electronic equipment for the aviation, defense, space, medical, telecommunications, and electronics industries. It operates through the Flight Support Group and Electronic Technologies Group segments. The Flight Support Group segment designs, manufactures, repairs, overhauls, and distributes jet engine and aircraft component replacement parts.

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Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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