HEICO Co. (NYSE:HEI) Shares Sold by Centiva Capital LP

Centiva Capital LP lowered its stake in HEICO Co. (NYSE:HEI - Free Report) by 70.1% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,722 shares of the aerospace company's stock after selling 6,391 shares during the quarter. Centiva Capital LP's holdings in HEICO were worth $647,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Tidal Investments LLC boosted its holdings in shares of HEICO by 7.9% during the third quarter. Tidal Investments LLC now owns 1,557 shares of the aerospace company's stock worth $407,000 after purchasing an additional 114 shares during the last quarter. West Oak Capital LLC boosted its stake in HEICO by 2,400.0% in the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company's stock worth $654,000 after buying an additional 2,640 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its stake in shares of HEICO by 43.9% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company's stock valued at $1,057,000 after acquiring an additional 1,355 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC lifted its holdings in shares of HEICO by 476.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock worth $156,000 after acquiring an additional 543 shares during the period. Finally, Clear Harbor Asset Management LLC raised its position in shares of HEICO by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 23,073 shares of the aerospace company's stock worth $5,485,000 after buying an additional 217 shares during the period. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Price Performance

Shares of NYSE:HEI traded up $4.31 during trading on Monday, reaching $268.47. The company had a trading volume of 429,540 shares, compared to its average volume of 468,035. The stock has a market capitalization of $37.30 billion, a P/E ratio of 73.35, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. The company has a fifty day moving average of $255.91 and a two-hundred day moving average of $249.92. 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 12 month low of $208.44 and a 12 month high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last announced 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 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. Equities research analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.

Insider Transactions at HEICO

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

Analysts Set New Price Targets

Several research analysts have weighed in on HEI shares. KeyCorp started coverage on shares of HEICO in a report on Thursday, January 16th. They set a "sector weight" rating for the company. 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. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company started coverage on shares of HEICO in a research report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the company 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.