Carnegie Capital Asset Management LLC Lowers Holdings in HEICO Co. (NYSE:HEI)

Carnegie Capital Asset Management LLC decreased its holdings in HEICO Co. (NYSE:HEIGet Rating) by 1.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 19,268 shares of the aerospace company’s stock after selling 261 shares during the period. Carnegie Capital Asset Management LLC’s holdings in HEICO were worth $2,958,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also modified their holdings of the company. JJJ Advisors Inc. raised its stake in HEICO by 76.1% in the fourth quarter. JJJ Advisors Inc. now owns 199 shares of the aerospace company’s stock worth $29,000 after buying an additional 86 shares in the last quarter. Newfound Research LLC raised its stake in HEICO by 8.1% in the fourth quarter. Newfound Research LLC now owns 920 shares of the aerospace company’s stock worth $133,000 after buying an additional 69 shares in the last quarter. King Luther Capital Management Corp bought a new position in HEICO in the fourth quarter worth approximately $204,000. Connecticut Wealth Management LLC bought a new position in HEICO in the fourth quarter worth approximately $207,000. Finally, Symmetry Partners LLC acquired a new position in shares of HEICO during the fourth quarter worth $209,000. 26.67% of the stock is owned by institutional investors.

Shares of HEI opened at $130.14 on Thursday. The firm has a market capitalization of $17.69 billion, a PE ratio of 53.56, a price-to-earnings-growth ratio of 3.92 and a beta of 1.13. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.39 and a quick ratio of 1.69. HEICO Co. has a 1-year low of $122.94 and a 1-year high of $159.29. The company’s fifty day moving average price is $140.00 and its 200-day moving average price is $143.42.

HEICO (NYSE:HEIGet Rating) last announced its quarterly earnings data on Monday, May 23rd. The aerospace company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. HEICO had a net margin of 16.66% and a return on equity of 14.44%. During the same quarter last year, the firm earned $0.51 EPS. As a group, research analysts anticipate that HEICO Co. will post 2.62 EPS for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which will be paid on Friday, July 15th. Stockholders of record on Friday, July 1st will be issued a dividend of $0.09 per share. This represents a dividend yield of 0.1%. The ex-dividend date of this dividend is Thursday, June 30th. HEICO’s dividend payout ratio (DPR) is presently 7.41%.

In other HEICO news, VP Thomas S. Irwin sold 20,000 shares of the company’s stock in a transaction on Tuesday, March 29th. The shares were sold at an average price of $125.22, for a total value of $2,504,400.00. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan Schriesheim sold 12,865 shares of the company’s stock in a transaction on Wednesday, March 30th. The shares were sold at an average price of $126.82, for a total transaction of $1,631,539.30. The disclosure for this sale can be found here. 8.27% of the stock is owned by insiders.

HEI has been the topic of a number of recent analyst reports. StockNews.com downgraded HEICO from a “buy” rating to a “hold” rating in a research report on Saturday, May 28th. UBS Group reduced their price target on HEICO to $138.00 in a research report on Wednesday, May 25th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $150.33.

About HEICO (Get Rating)

HEICO Corporation, through its subsidiaries, designs, manufactures, and sells aerospace, defense, and electronic related products and services in the United States and internationally. The company's Flight Support Group segment provides jet engine and aircraft component replacement parts; thermal insulation blankets and parts; renewable/reusable insulation systems; and specialty components.

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Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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