Balyasny Asset Management L.P. Buys 64,424 Shares of HEICO Co. (NYSE:HEI)

Balyasny Asset Management L.P. lifted its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 81.4% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 143,579 shares of the aerospace company's stock after buying an additional 64,424 shares during the period. Balyasny Asset Management L.P. owned 0.10% of HEICO worth $34,134,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. World Investment Advisors LLC acquired a new stake in shares of HEICO during the third quarter worth approximately $315,000. Tidal Investments LLC increased its holdings in shares of HEICO by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 1,557 shares of the aerospace company's stock worth $407,000 after acquiring an additional 114 shares during the period. Synovus Financial Corp boosted its position in shares of HEICO by 31.7% during the third quarter. Synovus Financial Corp now owns 1,975 shares of the aerospace company's stock worth $516,000 after buying an additional 475 shares during the period. West Oak Capital LLC raised its stake in HEICO by 2,400.0% during the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company's stock valued at $654,000 after acquiring an additional 2,640 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. boosted its position in HEICO by 43.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company's stock worth $1,057,000 after acquiring an additional 1,355 shares during the period. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Stock Down 1.5 %

Shares of NYSE:HEI traded down $3.89 during midday trading on Friday, hitting $264.13. 406,586 shares of the stock were exchanged, compared to its average volume of 468,189. The business's fifty day simple moving average is $255.91 and its two-hundred day simple moving average is $249.94. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. HEICO Co. has a 52-week low of $208.44 and a 52-week high of $283.60. The company has a market capitalization of $36.70 billion, a PE ratio of 72.17, a P/E/G ratio of 3.10 and a beta of 1.05.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (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 company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. As a group, research analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on HEI shares. KeyCorp assumed coverage on shares of HEICO in a report 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 research note on Tuesday, March 25th. Wells Fargo & Company assumed coverage on HEICO in a research note on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price target for the company. Finally, Truist Financial dropped their price objective on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $267.36.

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Julie Neitzel sold 700 shares of the stock in a transaction dated 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 directly owns 418 shares in the company, valued at $102,924.14. The trade was 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.

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.