Fieldview Capital Management LLC Has $1.28 Million Holdings in Heico Corporation $HEI

Fieldview Capital Management LLC boosted its stake in Heico Corporation (NYSE:HEIFree Report) by 232.4% in the fourth quarter, Holdings Channel reports. The firm owned 3,939 shares of the aerospace company’s stock after purchasing an additional 2,754 shares during the quarter. Fieldview Capital Management LLC’s holdings in Heico were worth $1,275,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of HEI. IFC & Insurance Marketing Inc. acquired a new position in Heico in the fourth quarter valued at about $26,000. CBIZ Investment Advisory Services LLC raised its stake in Heico by 1,000.0% in the fourth quarter. CBIZ Investment Advisory Services LLC now owns 88 shares of the aerospace company’s stock valued at $28,000 after purchasing an additional 80 shares in the last quarter. V Square Quantitative Management LLC acquired a new position in Heico in the fourth quarter valued at about $37,000. FNY Investment Advisers LLC raised its stake in Heico by 862.5% in the fourth quarter. FNY Investment Advisers LLC now owns 154 shares of the aerospace company’s stock valued at $49,000 after purchasing an additional 138 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new position in Heico in the fourth quarter valued at about $65,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Insider Activity at Heico

In other news, Director Julie Neitzel sold 676 shares of the company’s stock in a transaction that occurred on Wednesday, April 15th. The stock was sold at an average price of $223.00, for a total value of $150,748.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Bradley K. Rowen sold 1,326 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of $241.63, for a total value of $320,401.38. The SEC filing for this sale provides additional information. Corporate insiders own 4.86% of the company’s stock.

Heico Stock Performance

Heico stock opened at $331.65 on Monday. The business has a 50 day moving average of $297.61 and a 200-day moving average of $312.70. Heico Corporation has a 1 year low of $256.11 and a 1 year high of $361.69. 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 market capitalization of $46.32 billion, a P/E ratio of 59.22, a P/E/G ratio of 3.53 and a beta of 1.03.

Heico (NYSE:HEIGet Free Report) last released 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. Heico had a return on equity of 17.52% and a net margin of 16.08%.The company had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.25 billion. During the same quarter in the prior year, the firm posted $1.12 earnings per share. The firm’s revenue was up 25.3% compared to the same quarter last year. On average, equities research analysts predict that Heico Corporation will post 5.78 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Wells Fargo & Company set a $350.00 target price on Heico and gave the company an “equal weight” rating in a research report on Monday, June 1st. UBS Group reiterated a “neutral” rating and issued a $390.00 target price (up from $371.00) on shares of Heico in a research report on Monday, June 1st. BNP Paribas Exane upgraded Heico from a “neutral” rating to an “outperform” rating in a research report on Friday, February 27th. Susquehanna lifted their target price on Heico from $321.00 to $365.00 and gave the company a “neutral” rating in a research report on Friday, May 29th. Finally, Weiss Ratings cut Heico from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, April 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, Heico currently has an average rating of “Moderate Buy” and an average target price of $371.63.

Get Our Latest Report on HEI

Heico Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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