Heico Corporation $HEI Shares Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd raised its stake in Heico Corporation (NYSE:HEI) by 145.7% during the 3rd quarter, HoldingsChannel reports. The firm owned 8,134 shares of the aerospace company’s stock after acquiring an additional 4,824 shares during the period. Heico accounts for 0.4% of Dynamic Technology Lab Private Ltd’s portfolio, making the stock its 22nd biggest position. Dynamic Technology Lab Private Ltd’s holdings in Heico were worth $2,626,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of HEI. HUB Investment Partners LLC purchased a new stake in shares of Heico during the third quarter worth approximately $321,000. ARK Investment Management LLC grew its position in Heico by 10.9% in the 3rd quarter. ARK Investment Management LLC now owns 16,341 shares of the aerospace company’s stock valued at $5,275,000 after buying an additional 1,612 shares during the last quarter. Aviso Financial Inc. increased its stake in Heico by 2.3% in the 3rd quarter. Aviso Financial Inc. now owns 8,623 shares of the aerospace company’s stock valued at $2,784,000 after buying an additional 190 shares during the period. American Century Companies Inc. increased its stake in Heico by 45.7% in the 3rd quarter. American Century Companies Inc. now owns 769,704 shares of the aerospace company’s stock valued at $248,476,000 after buying an additional 241,559 shares during the period. Finally, Quantbot Technologies LP raised its position in Heico by 3.2% during the 3rd quarter. Quantbot Technologies LP now owns 38,532 shares of the aerospace company’s stock worth $12,439,000 after buying an additional 1,206 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Royal Bank Of Canada restated an “outperform” rating and issued a $375.00 target price (up from $350.00) on shares of Heico in a research note on Monday, December 22nd. Susquehanna started coverage on shares of Heico in a research note on Friday, January 23rd. They set a “neutral” rating and a $385.00 price target on the stock. UBS Group restated a “neutral” rating and issued a $371.00 price objective (up from $359.00) on shares of Heico in a research report on Monday, December 22nd. BNP Paribas Exane raised Heico from a “neutral” rating to an “outperform” rating in a report on Friday, February 27th. Finally, Wall Street Zen cut Heico from a “buy” rating to a “hold” rating in a research report on Sunday. Eleven analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $364.43.

Heico Stock Down 1.3%

HEI stock opened at $303.45 on Friday. The company has a debt-to-equity ratio of 0.55, a current ratio of 3.06 and a quick ratio of 1.28. Heico Corporation has a 12 month low of $229.07 and a 12 month high of $361.69. The firm has a market capitalization of $42.29 billion, a PE ratio of 59.97, a P/E/G ratio of 3.72 and a beta of 1.01. The company’s 50 day simple moving average is $335.50 and its 200-day simple moving average is $323.13.

Heico (NYSE:HEI) last posted its earnings results on Wednesday, February 25th. The aerospace company reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.09. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.17 billion. Heico had a return on equity of 16.57% and a net margin of 15.38%.Heico’s revenue was up 14.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.20 EPS. Equities analysts expect that Heico Corporation will post 4.2 earnings per share for the current fiscal year.

Heico Announces Dividend

The business also recently disclosed a dividend, which was paid on Tuesday, January 20th. Stockholders of record on Monday, January 5th were given a $0.12 dividend. This represents a dividend yield of 7.0%. The ex-dividend date was Monday, January 5th. Heico’s dividend payout ratio is currently 4.74%.

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.