Wells Fargo Initiates Coverage of HEICO with Equal-Weight Rating

On April 15, 2025, Wells Fargo commenced coverage of HEICO (LSE:0J46) with an Equal-Weight recommendation.

Analyst Price Forecast Indicates Potential Growth

As of April 2, 2025, analysts have set an average one-year price target for HEICO at 279.20 GBX per share. These forecasts vary, with estimates ranging from a low of 217.42 GBX to a high of 329.78 GBX. This average target reflects a potential increase of 12.34% from HEICO’s latest closing price of 248.52 GBX per share.

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Projected Revenue and Earnings

The anticipated annual revenue for HEICO is 3,043 million GBX, indicating a decrease of 23.76%. The projected annual non-GAAP EPS stands at 3.86.

Institutional Fund Sentiment

Currently, 990 funds and institutions hold positions in HEICO, reflecting an increase of 15 owners or 1.54% over the last quarter. The average portfolio weight for all funds dedicated to 0J46 is now 0.28%, a rise of 8.43%. Over the past three months, total shares owned by institutions have increased by 0.80% to 48,950K shares.

Shareholder Movements

Capital World Investors now holds 4,895K shares, representing 8.90% ownership of the company. This is an increase from its previous filing of 3,934K shares, reflecting a significant rise of 19.63%. The firm’s portfolio allocation in 0J46 increased by 10.78% over the last quarter.

In contrast, AGTHX – GROWTH FUND OF AMERICA now holds 1,783K shares, which accounts for 3.24% ownership, down from 1,888K shares, a decrease of 5.87%. The firm reduced its allocation to 0J46 by 6.43% recently.

No changes were reported for ANWPX – NEW PERSPECTIVE FUND, which maintains 1,633K shares, or 2.97% of the company.

Lazard Asset Management holds 1,083K shares, or 1.97% ownership, down from 1,263K shares—signifying a decline of 16.61% in its allocation to 0J46. Similarly, CMGIX – Blackrock Mid Cap Growth Equity Portfolio Institutional decreased its holdings to 1,051K shares, accounting for 1.91% ownership, a drop of 32.26% since its last filing, representing a 22.08% reduction in its allocation.

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The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.