HEICO Co. (NYSE:HEI) Shares Sold by Alerus Financial NA

Alerus Financial NA trimmed its position in HEICO Co. (NYSE:HEI) by 30.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,549 shares of the aerospace company’s stock after selling 11,318 shares during the quarter. Alerus Financial NA’s holdings in HEICO were worth $6,074,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in HEI. Orion Portfolio Solutions LLC boosted its holdings in shares of HEICO by 8.1% in the 4th quarter. Orion Portfolio Solutions LLC now owns 1,020 shares of the aerospace company’s stock valued at $242,000 after buying an additional 76 shares during the period. EntryPoint Capital LLC acquired a new position in HEICO during the 4th quarter valued at approximately $220,000. Emerald Advisers LLC increased its position in HEICO by 30.4% in the fourth quarter. Emerald Advisers LLC now owns 3,108 shares of the aerospace company’s stock worth $739,000 after buying an additional 725 shares during the period. Stevens Capital Management LP acquired a new position in shares of HEICO during the fourth quarter valued at $323,000. Finally, Fox Run Management L.L.C. acquired a new stake in shares of HEICO in the 4th quarter worth about $354,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HEI shares. Truist Financial lifted their price target on HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. KeyCorp initiated coverage on HEICO in a report on Thursday, January 16th. They set a “sector weight” rating on the stock. William Blair reaffirmed an “outperform” rating on shares of HEICO in a report on Tuesday. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research note on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $271.40.

HEICO Trading Down 0.1 %

NYSE:HEI opened at $268.68 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The company has a market capitalization of $37.33 billion, a P/E ratio of 73.41, a P/E/G ratio of 3.10 and a beta of 1.26. HEICO Co. has a 52 week low of $185.03 and a 52 week high of $283.60. The stock’s 50 day moving average price is $244.64 and its 200 day moving average price is $251.81.

HEICO (NYSE:HEI) last issued its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $983.10 million. On average, research analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

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.