Heico Corp. (HEI) Position Held by Westpac Banking Corp
Westpac Banking Corp held its stake in Heico Corp. (NYSE:HEI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,800 shares of the company’s stock at the end of the second quarter. Westpac Banking Corp owned 0.14% of Heico Corp. worth $6,334,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in the company. Aperio Group LLC raised its stake in Heico Corp. by 4.9% in the first quarter. Aperio Group LLC now owns 8,311 shares of the company’s stock valued at $500,000 after buying an additional 391 shares during the period. Columbia Partners L L C Investment Management acquired a new stake in Heico Corp. during the first quarter valued at $4,276,000. Markel Corp acquired a new stake in Heico Corp. during the second quarter valued at $215,000. Hancock Holding Co. raised its stake in Heico Corp. by 0.6% in the first quarter. Hancock Holding Co. now owns 167,225 shares of the company’s stock valued at $10,055,000 after buying an additional 990 shares during the period. Finally, Mondrian Investment Partners LTD raised its stake in Heico Corp. by 8,113.6% in the first quarter. Mondrian Investment Partners LTD now owns 42,300 shares of the company’s stock valued at $2,543,000 after buying an additional 41,785 shares during the period. Hedge funds and other institutional investors own 28.08% of the company’s stock.
Heico Corp. (NYSE:HEI) traded down 0.25% on Tuesday, hitting $68.39. 8,036 shares of the stock traded hands. Heico Corp. has a 12-month low of $47.24 and a 12-month high of $75.01. The stock has a market cap of $4.60 billion, a P/E ratio of 30.95 and a beta of 0.64. The stock has a 50-day moving average price of $70.35 and a 200 day moving average price of $64.91.
Heico Corp. (NYSE:HEI) last posted its quarterly earnings results on Wednesday, August 24th. The company reported $0.62 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.59 by $0.03. The company had revenue of $356.10 million for the quarter, compared to analyst estimates of $356.35 million. Heico Corp. had a net margin of 11.19% and a return on equity of 15.99%. The business’s quarterly revenue was up 18.5% on a year-over-year basis. During the same period last year, the business posted $0.51 EPS. On average, equities analysts expect that Heico Corp. will post $2.15 EPS for the current fiscal year.
Several equities research analysts have commented on HEI shares. Bank of America Corp. lowered shares of Heico Corp. from a “buy” rating to a “neutral” rating and set a $75.00 price target on the stock. in a research note on Tuesday, August 30th. They noted that the move was a valuation call. Canaccord Genuity raised their price target on shares of Heico Corp. from $75.00 to $82.00 in a research note on Friday, August 19th. Credit Suisse Group AG raised their price target on shares of Heico Corp. from $62.00 to $68.00 and gave the company a “neutral” rating in a research note on Thursday, August 25th. Zacks Investment Research lowered shares of Heico Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, August 2nd. Finally, Jefferies Group restated a “hold” rating and issued a $72.00 price target on shares of Heico Corp. in a research note on Thursday, August 25th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $74.40.
Heico Corp. Company Profile
HEICO Corporation is an aerospace and electronics company. The Company provides commercial aircraft replacement parts, aircraft accessories component repair and overhaul services for avionic, electro-mechanical, flight surface, hydraulic and pneumatic applications; distributes aircraft parts, and manufactures other critical aircraft parts.
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