Heico Corporation $HEI Shares Acquired by CenterBook Partners LP

CenterBook Partners LP lifted its holdings in shares of Heico Corporation (NYSE:HEI) by 87.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,217 shares of the aerospace company’s stock after purchasing an additional 1,501 shares during the quarter. CenterBook Partners LP’s holdings in Heico were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. American Century Companies Inc. boosted its stake in Heico by 68.9% during the second quarter. American Century Companies Inc. now owns 528,145 shares of the aerospace company’s stock worth $173,232,000 after buying an additional 215,530 shares during the period. Dixon Mitchell Investment Counsel Inc. boosted its position in shares of Heico by 3.8% during the 2nd quarter. Dixon Mitchell Investment Counsel Inc. now owns 201,173 shares of the aerospace company’s stock worth $65,985,000 after purchasing an additional 7,364 shares during the period. Munro Partners increased its holdings in Heico by 8.5% in the 3rd quarter. Munro Partners now owns 197,633 shares of the aerospace company’s stock valued at $63,800,000 after purchasing an additional 15,560 shares during the last quarter. Marsico Capital Management LLC raised its position in Heico by 13.8% in the second quarter. Marsico Capital Management LLC now owns 99,287 shares of the aerospace company’s stock valued at $32,566,000 after purchasing an additional 12,021 shares during the period. Finally, PDT Partners LLC lifted its stake in Heico by 52.6% during the second quarter. PDT Partners LLC now owns 39,019 shares of the aerospace company’s stock worth $12,798,000 after purchasing an additional 13,443 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $375.00 price objective (up previously from $355.00) on shares of Heico in a report on Monday, December 22nd. Stifel Nicolaus set a $370.00 target price on Heico and gave the company a “buy” rating in a research report on Monday, December 22nd. Weiss Ratings reissued a “buy (b-)” rating on shares of Heico in a research 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. Finally, BNP Paribas Exane set a $330.00 target price on shares of Heico in a research note on Tuesday, November 18th. Ten research analysts have rated the stock with a Buy rating and eight have given a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Stock Up 1.5%

HEI stock opened at $351.34 on Friday. The company’s 50 day moving average price is $335.25 and its 200 day moving average price is $322.07. The firm has a market capitalization of $48.96 billion, a price-to-earnings ratio of 71.56, a PEG ratio of 3.82 and a beta of 1.01. Heico Corporation has a fifty-two week low of $224.63 and a fifty-two week high of $361.69. The company has a debt-to-equity ratio of 0.49, a quick ratio of 1.28 and a current ratio of 2.83.

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

Heico Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, January 5th were issued a $0.12 dividend. This represents a yield of 7.0%. The ex-dividend date of this dividend was Monday, January 5th. Heico’s dividend payout ratio is 4.89%.

Heico 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.