Capital Fund Management S.A. Takes Position in HEICO Co. (NYSE:HEI)

Capital Fund Management S.A. purchased a new stake in HEICO Co. (NYSE:HEI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,324 shares of the aerospace company's stock, valued at approximately $3,168,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HEI. Sequoia Financial Advisors LLC boosted its holdings in HEICO by 5.0% during the fourth quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock worth $231,000 after purchasing an additional 46 shares during the last quarter. Moran Wealth Management LLC increased its position in shares of HEICO by 1.9% during the 4th quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company's stock worth $639,000 after purchasing an additional 51 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in shares of HEICO by 1.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock valued at $1,011,000 after buying an additional 65 shares during the last quarter. Bradley Foster & Sargent Inc. CT increased its holdings 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 during the last quarter. Finally, PFG Advisors lifted its stake in HEICO by 0.8% in the fourth quarter. PFG Advisors now owns 8,960 shares of the aerospace company's stock valued at $2,130,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Trading Down 1.0 %

Shares of HEI stock traded down $2.57 during mid-day trading on Friday, reaching $244.58. 548,199 shares of the stock traded hands, compared to its average volume of 461,006. The stock's fifty day simple moving average is $250.19 and its two-hundred day simple moving average is $250.59. 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 1-year low of $197.98 and a 1-year high of $283.60. The company has a market cap of $33.98 billion, a price-to-earnings ratio of 66.83, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

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 for the quarter, beating the consensus estimate of $0.93 by $0.27. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, research analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Truist Financial reduced their target price on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday. KeyCorp assumed coverage on shares of HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating for the company. Finally, Wells Fargo & Company assumed coverage on HEICO in a report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, HEICO has an average rating of "Moderate Buy" and an average price target of $267.36.

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.