J.W. Cole Advisors Inc. Purchases 1,830 Shares of Heico Corporation $HEI

J.W. Cole Advisors Inc. boosted its position in shares of Heico Corporation (NYSE:HEI) by 149.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,051 shares of the aerospace company’s stock after buying an additional 1,830 shares during the quarter. J.W. Cole Advisors Inc.’s holdings in Heico were worth $985,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in HEI. Avalon Capital Management raised its stake in shares of Heico by 0.9% during the second quarter. Avalon Capital Management now owns 3,895 shares of the aerospace company’s stock valued at $1,278,000 after acquiring an additional 33 shares during the last quarter. Simon Quick Advisors LLC raised its position in Heico by 5.8% during the 3rd quarter. Simon Quick Advisors LLC now owns 652 shares of the aerospace company’s stock valued at $211,000 after purchasing an additional 36 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Heico by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 86 shares of the aerospace company’s stock worth $28,000 after buying an additional 43 shares during the period. Alpine Woods Capital Investors LLC grew its position in shares of Heico by 0.4% in the 3rd quarter. Alpine Woods Capital Investors LLC now owns 12,911 shares of the aerospace company’s stock worth $4,168,000 after buying an additional 49 shares during the last quarter. Finally, Inspire Advisors LLC increased its stake in shares of Heico by 2.5% during the third quarter. Inspire Advisors LLC now owns 2,229 shares of the aerospace company’s stock valued at $720,000 after buying an additional 54 shares during the period. Institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on HEI. Weiss Ratings reiterated a “buy (b-)” rating on shares of Heico in a report on Monday, December 29th. Wall Street Zen lowered shares of Heico from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Citigroup reissued a “buy” rating and issued a $415.00 price target (up from $367.00) on shares of Heico in a research note on Tuesday, January 13th. Stifel Nicolaus set a $370.00 price objective on shares of Heico and gave the stock a “buy” rating in a report on Monday, December 22nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $375.00 price objective (up from $355.00) on shares of Heico in a research report on Monday, December 22nd. Ten analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Stock Up 1.4%

Shares of NYSE:HEI opened at $326.81 on Monday. The company has a current ratio of 2.83, a quick ratio of 1.28 and a debt-to-equity ratio of 0.49. The stock has a fifty day simple moving average of $330.67 and a two-hundred day simple moving average of $321.45. Heico Corporation has a 12-month low of $216.68 and a 12-month high of $361.69. The stock has a market capitalization of $45.54 billion, a price-to-earnings ratio of 66.56, a PEG ratio of 3.61 and a beta of 1.01.

Heico (NYSE:HEI) last issued its quarterly earnings results on Thursday, December 18th. The aerospace company reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.22 by $0.11. The firm had revenue of $1.21 billion during the quarter, compared to the consensus estimate of $1.17 billion. Heico had a return on equity of 16.80% and a net margin of 15.39%.The company’s revenue was up 19.3% on a year-over-year basis. During the same period last year, the company earned $0.99 earnings per share. On average, research analysts anticipate that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Announces Dividend

The company also recently declared a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were issued a dividend of $0.12 per share. The ex-dividend date was Monday, January 5th. This represents a dividend yield of 7.0%. Heico’s dividend payout ratio is presently 4.89%.

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.