Bank Julius Baer & Co. Ltd Zurich Grows Stock Holdings in HEICO Co. (NYSE:HEI)

Bank Julius Baer & Co. Ltd Zurich increased its stake in shares of HEICO Co. (NYSE:HEI) by 13.9% in the 4th quarter, Holdings Channel reports. The firm owned 70,852 shares of the aerospace company’s stock after buying an additional 8,628 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in HEICO were worth $17,692,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in HEI. Fisher Asset Management LLC raised its holdings in shares of HEICO by 19.1% during the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after purchasing an additional 66,583 shares during the last quarter. EULAV Asset Management raised its holdings in shares of HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock valued at $107,861,000 after purchasing an additional 51,500 shares during the last quarter. Vantage Investment Partners LLC raised its holdings in shares of HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after purchasing an additional 37,943 shares during the last quarter. Quantbot Technologies LP boosted its holdings in shares of HEICO by 424.1% in the third quarter. Quantbot Technologies LP now owns 18,801 shares of the aerospace company’s stock worth $4,916,000 after buying an additional 15,214 shares during the last quarter. Finally, Integrated Investment Consultants LLC grew its position in HEICO by 734.2% during the third quarter. Integrated Investment Consultants LLC now owns 16,942 shares of the aerospace company’s stock valued at $4,430,000 after buying an additional 14,911 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Stock Performance

NYSE HEI opened at $263.17 on Friday. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a twelve month low of $182.47 and a twelve month high of $283.60. The business has a 50-day moving average price of $236.41 and a 200-day moving average price of $250.74. The firm has a market cap of $36.54 billion, a price-to-earnings ratio of 71.90, a price-to-earnings-growth ratio of 3.10 and a beta of 1.26.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. As a group, equities research analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Announces Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were paid a $0.11 dividend. The ex-dividend date of this dividend was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s payout ratio is 5.45%.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Deutsche Bank Aktiengesellschaft decreased their price target on shares of HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research report on Thursday, December 19th. Truist Financial lifted their target price on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a research report on Wednesday. Finally, KeyCorp assumed coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating for the company. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and a consensus target price of $271.40.

HEICO Profile

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. Its Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.