Marsico Capital Management LLC decreased its holdings in Heico Corporation (NYSE:HEI – Free Report) by 14.9% in the fourth quarter, Holdings Channel.com reports. The firm owned 99,287 shares of the aerospace company’s stock after selling 17,439 shares during the period. Heico makes up approximately 0.9% of Marsico Capital Management LLC’s investment portfolio, making the stock its 23rd biggest position. Marsico Capital Management LLC’s holdings in Heico were worth $32,128,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the business. ARK Investment Management LLC boosted its stake in shares of Heico by 14.9% in the 4th quarter. ARK Investment Management LLC now owns 18,774 shares of the aerospace company’s stock valued at $6,075,000 after purchasing an additional 2,433 shares in the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Heico in the 4th quarter valued at $380,000. Accuvest Global Advisors bought a new stake in Heico during the 4th quarter valued at $555,000. Axiom Investors LLC DE raised its holdings in Heico by 21.8% during the 4th quarter. Axiom Investors LLC DE now owns 21,130 shares of the aerospace company’s stock valued at $6,837,000 after buying an additional 3,789 shares during the last quarter. Finally, Erste Asset Management GmbH raised its holdings in Heico by 44.1% during the 4th quarter. Erste Asset Management GmbH now owns 85,000 shares of the aerospace company’s stock valued at $27,505,000 after buying an additional 26,000 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.
Insiders Place Their Bets
In other Heico news, CAO Bradley K. Rowen sold 1,326 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total transaction of $320,401.38. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total transaction of $150,748.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 4.86% of the company’s stock.
Analyst Ratings Changes
Check Out Our Latest Stock Analysis on HEI
Heico Price Performance
HEI stock opened at $339.48 on Friday. Heico Corporation has a one year low of $256.11 and a one year high of $361.69. The company’s fifty day moving average price is $296.49 and its 200-day moving average price is $312.52. The company has a debt-to-equity ratio of 0.53, a quick ratio of 1.36 and a current ratio of 2.92. The company has a market capitalization of $47.41 billion, a PE ratio of 60.62, a price-to-earnings-growth ratio of 3.42 and a beta of 1.03.
Heico (NYSE:HEI – Get Free Report) last announced its quarterly earnings results on Wednesday, May 27th. The aerospace company reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.33. Heico had a net margin of 16.08% and a return on equity of 17.52%. The company had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the previous year, the business posted $1.12 earnings per share. Heico’s quarterly revenue was up 25.3% on a year-over-year basis. On average, equities analysts anticipate that Heico Corporation will post 5.78 EPS for the current fiscal year.
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.
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