Gamco Investors INC. ET AL raised its stake in shares of Heico Corp (NYSE:HEI) by 24.3% during the fourth quarter, Holdings Channel reports. The fund owned 103,656 shares of the aerospace company’s stock after acquiring an additional 20,231 shares during the quarter. Gamco Investors INC. ET AL’s holdings in Heico were worth $7,824,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Benjamin F. Edwards & Company Inc. bought a new position in shares of Heico in the 4th quarter worth about $118,000. Ironwood Investment Counsel LLC bought a new position in shares of Heico in the 3rd quarter worth about $201,000. RKL Wealth Management LLC bought a new position in shares of Heico in the 3rd quarter worth about $201,000. Virtu KCG Holdings LLC lifted its position in shares of Heico by 24.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 3,302 shares of the aerospace company’s stock worth $237,000 after buying an additional 639 shares during the last quarter. Finally, 1st Global Advisors Inc. lifted its position in shares of Heico by 24.8% in the 2nd quarter. 1st Global Advisors Inc. now owns 3,383 shares of the aerospace company’s stock worth $243,000 after buying an additional 672 shares during the last quarter. Hedge funds and other institutional investors own 21.12% of the company’s stock.
Shares of Heico Corp (HEI) opened at $74.96 on Friday. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.53 and a quick ratio of 1.16. Heico Corp has a twelve month low of $48.84 and a twelve month high of $85.47. The firm has a market cap of $7,882.11, a PE ratio of 43.54, a P/E/G ratio of 3.46 and a beta of 0.78.
The company also recently disclosed a semiannual dividend, which was paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd were issued a $0.056 dividend. The ex-dividend date of this dividend was Tuesday, January 2nd. This represents a dividend yield of 0.15%. Heico’s dividend payout ratio (DPR) is presently 6.39%.
HEI has been the topic of a number of recent research reports. Zacks Investment Research downgraded shares of Heico from a “buy” rating to a “hold” rating in a research report on Tuesday, October 31st. SunTrust Banks restated a “buy” rating and issued a $92.80 price target on shares of Heico in a research report on Thursday, December 21st. Canaccord Genuity raised their price target on shares of Heico from $73.60 to $76.00 and gave the stock a “buy” rating in a research report on Tuesday, October 24th. Jefferies Group upgraded shares of Heico from a “hold” rating to a “buy” rating in a research report on Monday, January 8th. Finally, Stephens set a $83.20 price target on shares of Heico and gave the stock a “hold” rating in a research report on Monday, December 18th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $79.91.
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HEICO Corporation manufactures Federal Aviation Administration (FAA)-approved jet engine and aircraft component replacement parts, other than the original equipment manufacturers (OEMs) and their subcontractors. The Company also manufactures various types of electronic equipment for the aviation, medical, telecommunications and electronics industries.
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