Sequoia Financial Advisors LLC Purchases 46 Shares of HEICO Co. (NYSE:HEI)

Sequoia Financial Advisors LLC lifted its stake in shares of HEICO Co. (NYSE:HEI) by 5.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 973 shares of the aerospace company’s stock after acquiring an additional 46 shares during the period. Sequoia Financial Advisors LLC’s holdings in HEICO were worth $231,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new stake in shares of HEICO during the fourth quarter worth $26,000. Berbice Capital Management LLC bought a new stake in shares of HEICO during the fourth quarter worth $95,000. Brooklyn Investment Group bought a new stake in shares of HEICO during the third quarter worth $128,000. SBI Securities Co. Ltd. bought a new stake in shares of HEICO during the fourth quarter worth $135,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its position in shares of HEICO by 476.3% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 543 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

HEICO Stock Performance

Shares of HEI stock opened at $261.92 on Friday. The stock has a market cap of $36.39 billion, a P/E ratio of 71.56, a P/E/G ratio of 3.10 and a beta of 1.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The company has a fifty day moving average price of $240.79 and a two-hundred day moving average price of $251.26. HEICO Co. has a one year low of $185.03 and a one year high of $283.60.

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

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on HEI shares. KeyCorp started coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Deutsche Bank Aktiengesellschaft reduced their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a report on Thursday, December 19th. Finally, Truist Financial increased their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a “buy” rating in a report on Wednesday, March 5th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.