Bain Capital Public Equity LP Grows Stock Position in HEICO Co. (NYSE:HEI)

Bain Capital Public Equity LP lifted its holdings in HEICO Co. (NYSE:HEI - Free Report) by 154.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,504 shares of the aerospace company's stock after purchasing an additional 20,349 shares during the quarter. HEICO accounts for approximately 5.2% of Bain Capital Public Equity LP's investment portfolio, making the stock its 7th largest position. Bain Capital Public Equity LP's holdings in HEICO were worth $7,965,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of HEI. Compass Financial Services Inc bought a new position in HEICO in the 4th quarter valued at $26,000. Banque Transatlantique SA bought a new position in shares of HEICO in the fourth quarter worth about $44,000. Berbice Capital Management LLC purchased a new position in HEICO in the 4th quarter worth about $95,000. SBI Securities Co. Ltd. bought a new stake in HEICO during the 4th quarter valued at about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its position in HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after buying an additional 543 shares during the period. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at HEICO

In other news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction that occurred on 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 transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. The trade was a 24.13 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julie Neitzel sold 700 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now directly owns 418 shares in the company, valued at $102,924.14. This trade represents a 62.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.55% of the company's stock.

HEICO Price Performance

Shares of NYSE:HEI opened at $262.31 on Friday. 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 Co. has a twelve month low of $207.82 and a twelve month high of $283.60. The company's 50 day moving average is $255.00 and its 200 day moving average is $249.72. The company has a market cap of $36.45 billion, a PE ratio of 71.67, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

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 firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. On average, sell-side analysts forecast that HEICO Co. will post 4.2 EPS for the current year.

Wall Street Analysts Forecast Growth

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

HEICO 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.

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