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

ARK Investment Management LLC boosted its position in shares of HEICO Co. (NYSE:HEI) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,301 shares of the aerospace company’s stock after purchasing an additional 416 shares during the period. ARK Investment Management LLC’s holdings in HEICO were worth $3,638,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. West Oak Capital LLC lifted its position in shares of HEICO by 2,400.0% in the fourth quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock worth $654,000 after purchasing an additional 2,640 shares in the last quarter. Two Sigma Advisers LP increased its stake in HEICO by 3.7% in the 3rd quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company’s stock valued at $94,885,000 after buying an additional 13,100 shares during the last quarter. Fortress Financial Solutions LLC bought a new stake in HEICO during the 4th quarter worth about $263,000. Hennion & Walsh Asset Management Inc. boosted its stake in shares of HEICO by 43.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock worth $1,057,000 after buying an additional 1,355 shares during the last quarter. Finally, Atom Investors LP bought a new position in shares of HEICO in the 3rd quarter valued at about $1,129,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

HEICO Stock Up 0.0 %

HEI stock opened at $227.92 on Thursday. The business’s 50 day simple moving average is $232.93 and its 200 day simple moving average is $249.45. HEICO Co. has a 1-year low of $182.47 and a 1-year high of $283.60. The firm has a market capitalization 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 current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last released its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. As a group, research analysts anticipate that HEICO Co. will post 4.2 EPS for the current year.

HEICO Dividend Announcement

The business also recently disclosed a semi-annual dividend, which was paid on Friday, January 17th. Shareholders of record on Friday, January 3rd were given a dividend of $0.11 per share. The ex-dividend date was Friday, January 3rd. This represents a yield of 0.1%. HEICO’s dividend payout ratio (DPR) is presently 6.01%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on HEI shares. KeyCorp assumed coverage on HEICO in a report on Thursday, January 16th. They set a “sector weight” rating on the stock. Deutsche Bank Aktiengesellschaft dropped their price objective on HEICO from $271.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, December 19th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $270.20.

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.