464,806 Shares in HEICO Co. (NYSE:HEI) Acquired by Bain Capital Public Equity Management II LLC

Bain Capital Public Equity Management II LLC purchased a new position in HEICO Co. (NYSE:HEI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 464,806 shares of the aerospace company's stock, valued at approximately $110,503,000. HEICO comprises about 5.0% of Bain Capital Public Equity Management II LLC's holdings, making the stock its 8th biggest position. Bain Capital Public Equity Management II LLC owned 0.33% of HEICO at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Wealthfront Advisers LLC boosted its holdings in shares of HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares during the period. Freestone Grove Partners LP purchased a new stake in HEICO during the fourth quarter valued at about $71,030,000. River Global Investors LLP bought a new stake in HEICO in the 4th quarter worth approximately $16,073,000. Fisher Asset Management LLC boosted its stake in shares of HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. Finally, Balyasny Asset Management L.P. lifted its stake in HEICO by 81.4% in the fourth quarter. Balyasny Asset Management L.P. now owns 143,579 shares of the aerospace company's stock worth $34,134,000 after purchasing an additional 64,424 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

HEICO Price Performance

Shares of HEICO stock traded down $0.94 during trading hours on Tuesday, reaching $263.54. The stock had a trading volume of 405,734 shares, compared to its average volume of 465,998. 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 stock's 50 day moving average is $255.81 and its 200 day moving average is $249.74. The firm has a market capitalization of $36.62 billion, a PE ratio of 72.00, a PEG ratio of 3.10 and a beta of 1.05.

HEICO (NYSE:HEI - Get Free Report) last posted 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. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. Equities analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Alan Schriesheim sold 50,000 shares of the firm's stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the transaction, the director now owns 157,197 shares of the company's stock, valued at $37,659,685.29. This trade represents a 24.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the transaction, the director now owns 418 shares in the company, valued at approximately $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. 9.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

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.