Semanteon Capital Management LP Grows Stock Holdings in HEICO Co. (NYSE:HEI)

Semanteon Capital Management LP lifted its stake in shares of HEICO Co. (NYSE:HEI) by 32.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,120 shares of the aerospace company’s stock after acquiring an additional 1,489 shares during the quarter. HEICO makes up approximately 0.8% of Semanteon Capital Management LP’s holdings, making the stock its 20th biggest holding. Semanteon Capital Management LP’s holdings in HEICO were worth $1,455,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of HEI. Wealthfront Advisers LLC increased its holdings in HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares during the period. EULAV Asset Management grew its position in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after buying an additional 51,500 shares in the last quarter. Fisher Asset Management LLC increased its stake 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 buying an additional 66,583 shares during the period. Two Sigma Advisers LP raised its holdings in shares of HEICO by 3.7% in the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after acquiring an additional 13,100 shares in the last quarter. Finally, Vantage Investment Partners LLC lifted its stake in HEICO by 31.0% in the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock worth $38,127,000 after acquiring an additional 37,943 shares during the period. Institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

NYSE HEI opened at $261.92 on Friday. The firm’s fifty day simple moving average is $240.79 and its two-hundred day simple moving average is $251.26. The firm has a market capitalization 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 current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO Co. has a 12-month low of $185.03 and a 12-month high of $283.60.

HEICO (NYSE:HEI) last announced its 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 firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. Analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have commented on HEI. KeyCorp initiated coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating on the stock. Truist Financial lifted their price objective on shares of HEICO from $282.00 to $294.00 and gave the company a “buy” rating in a report on Wednesday, March 5th. 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 seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, HEICO currently has a consensus rating of “Moderate Buy” and a consensus price target of $271.40.

HEICO Company 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.