ARK Investment Management LLC Has $3.64 Million Stock Position in HEICO Co. (NYSE:HEI)

ARK Investment Management LLC grew its holdings in HEICO Co. (NYSE:HEI) by 2.8% in the fourth quarter, HoldingsChannel reports. The fund owned 15,301 shares of the aerospace company’s stock after buying an additional 416 shares during the period. ARK Investment Management LLC’s holdings in HEICO were worth $3,638,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HEI. Compass Financial Services Inc bought a new position in HEICO during the 4th quarter worth $26,000. Rakuten Securities Inc. bought a new position in shares of HEICO in the third quarter worth $81,000. Berbice Capital Management LLC acquired a new position in HEICO in the fourth quarter valued at about $95,000. Brooklyn Investment Group bought a new stake in HEICO during the third quarter worth about $128,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its stake in 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 buying an additional 543 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

HEICO Stock Performance

NYSE HEI opened at $227.92 on Thursday. The firm’s fifty day moving average price is $232.93 and its two-hundred day moving average price is $249.45. The stock has a market cap of $31.64 billion, a PE ratio of 62.27, a PEG ratio of 3.10 and a beta of 1.29. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. HEICO Co. has a fifty-two week low of $182.47 and a fifty-two week high of $283.60.

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, topping 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 analyst estimates of $983.10 million. On average, equities analysts expect that HEICO Co. will post 4.2 EPS for the current fiscal year.

HEICO Dividend Announcement

The company also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Stockholders of record on Friday, January 3rd were paid a $0.11 dividend. This represents a dividend yield of 0.1%. The ex-dividend date was Friday, January 3rd. HEICO’s dividend payout ratio is currently 6.01%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft dropped their target price on shares of HEICO from $271.00 to $266.00 and set a “buy” rating for the company in a research report on Thursday, December 19th. KeyCorp started coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $270.20.

About HEICO

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.