Lisanti Capital Growth LLC Sells 24,490 Shares of Heico Corp (HEI)

Lisanti Capital Growth LLC trimmed its holdings in Heico Corp (NYSE:HEI) by 66.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,400 shares of the aerospace company’s stock after selling 24,490 shares during the period. Lisanti Capital Growth LLC’s holdings in Heico were worth $1,170,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Benjamin F. Edwards & Company Inc. bought a new position in shares of Heico in the fourth quarter valued at $118,000. Ironwood Investment Counsel LLC bought a new position in shares of Heico in the third quarter valued at $201,000. RKL Wealth Management LLC bought a new position in shares of Heico in the third quarter valued at $201,000. PEAK6 Investments L.P. bought a new position in shares of Heico in the third quarter valued at $289,000. Finally, Mark Sheptoff Financial Planning LLC bought a new position in shares of Heico in the third quarter valued at $296,000. 21.12% of the stock is currently owned by hedge funds and other institutional investors.

Heico Corp (HEI) opened at $74.96 on Friday. The company has a current ratio of 2.53, a quick ratio of 1.16 and a debt-to-equity ratio of 0.54. Heico Corp has a 12-month low of $48.84 and a 12-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.

Heico (NYSE:HEI) last released its quarterly earnings results on Monday, December 18th. The aerospace company reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.04. Heico had a net margin of 12.20% and a return on equity of 15.70%. The company had revenue of $421.22 million for the quarter, compared to analyst estimates of $408.32 million. During the same period last year, the firm earned $0.52 earnings per share. The firm’s revenue was up 15.9% on a year-over-year basis. research analysts predict that Heico Corp will post 2.03 EPS for the current fiscal year.

The company also recently declared a semiannual dividend, which was paid on Wednesday, January 17th. Investors of record on Wednesday, January 3rd were given a dividend of $0.056 per share. This represents a dividend yield of 0.15%. The ex-dividend date of this dividend was Tuesday, January 2nd. Heico’s payout ratio is currently 6.39%.

A number of research analysts have weighed in on the stock. Canaccord Genuity reaffirmed a “buy” rating and issued a $88.00 price objective (up from $76.00) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Stephens set a $84.00 price objective on shares of Heico and gave the company a “hold” rating in a research note on Friday, January 19th. Zacks Investment Research lowered shares of Heico from a “buy” rating to a “hold” rating in a research note on Friday, December 22nd. Credit Suisse Group reaffirmed an “outperform” rating and issued a $87.20 price objective (up from $78.40) on shares of Heico in a research note on Wednesday, December 20th. They noted that the move was a valuation call. Finally, SunTrust Banks raised their price objective on shares of Heico to $76.80 and gave the company a “buy” rating in a research note on Monday, December 4th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $79.91.

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Heico Profile

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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Institutional Ownership by Quarter for Heico (NYSE:HEI)

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