Bain Capital Public Equity LP Acquires 20,349 Shares of HEICO Co. (NYSE:HEI)

Bain Capital Public Equity LP raised its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 154.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 33,504 shares of the aerospace company's stock after buying an additional 20,349 shares during the quarter. HEICO comprises about 5.2% of Bain Capital Public Equity LP's investment portfolio, making the stock its 7th largest holding. Bain Capital Public Equity LP's holdings in HEICO were worth $7,965,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HEI. Sequoia Financial Advisors LLC grew its stake in HEICO by 5.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock valued at $231,000 after acquiring an additional 46 shares in the last quarter. Moran Wealth Management LLC grew its position in shares of HEICO by 1.9% in the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company's stock valued at $639,000 after purchasing an additional 51 shares in the last quarter. United Capital Financial Advisors LLC increased its holdings in shares of HEICO by 5.7% in the fourth quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock valued at $248,000 after purchasing an additional 56 shares during the last quarter. Moody Lynn & Lieberson LLC increased its holdings in shares of HEICO by 1.6% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock valued at $1,011,000 after purchasing an additional 65 shares during the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its position in HEICO by 2.4% during the fourth quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock worth $667,000 after buying an additional 67 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

HEI has been the subject of several recent analyst reports. KeyCorp assumed coverage on shares of HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating for the company. Truist Financial reduced their price target on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Wells Fargo & Company initiated coverage on HEICO in a research note on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 target price for the company. Finally, William Blair reiterated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, HEICO has a consensus rating of "Moderate Buy" and a consensus target price of $267.36.

Insider Activity at HEICO

In other news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the sale, the director now owns 157,197 shares in the company, valued at approximately $37,659,685.29. This represents a 24.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie Neitzel sold 700 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the transaction, the director now owns 418 shares in the company, valued at $102,924.14. This trade represents a 62.61 % decrease in their position. The disclosure for this sale can be found here. Insiders own 9.55% of the company's stock.

HEICO Stock Down 1.6 %

HEICO stock traded down $4.29 during midday trading on Friday, reaching $263.73. The company's stock had a trading volume of 207,041 shares, compared to its average volume of 466,131. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a fifty-two week low of $208.44 and a fifty-two week high of $283.60. The company has a market cap of $36.64 billion, a P/E ratio of 72.06, a P/E/G ratio of 3.10 and a beta of 1.05. The business has a 50-day simple moving average of $255.93 and a 200-day simple moving average of $249.92.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $983.10 million. On average, research analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

About HEICO

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.