Cresset Asset Management LLC Decreases Stock Holdings in HEICO Co. (NYSE:HEI)

Cresset Asset Management LLC decreased its stake in HEICO Co. (NYSE:HEI - Free Report) by 56.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,539 shares of the aerospace company's stock after selling 7,299 shares during the period. Cresset Asset Management LLC's holdings in HEICO were worth $1,317,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of HEI. Sequoia Financial Advisors LLC boosted its stake in HEICO by 5.0% during the 4th quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock valued at $231,000 after purchasing an additional 46 shares in the last quarter. Moran Wealth Management LLC raised its position in HEICO by 1.9% in the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company's stock worth $639,000 after acquiring an additional 51 shares in the last quarter. United Capital Financial Advisors LLC lifted its holdings in HEICO by 5.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock valued at $248,000 after acquiring an additional 56 shares during the last quarter. Moody Lynn & Lieberson LLC boosted its position in shares of HEICO by 1.6% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock valued at $1,011,000 after purchasing an additional 65 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT grew its stake in shares of HEICO by 2.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock worth $667,000 after purchasing an additional 67 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HEICO

In other HEICO news, Director Julie Neitzel sold 700 shares of the company's 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 transaction, the director now owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the firm'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 sale, the director now directly owns 157,197 shares of the company's stock, valued at approximately $37,659,685.29. This represents a 24.13% 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 Trading Up 2.2%

Shares of HEI stock traded up $5.83 on Thursday, reaching $275.36. 566,303 shares of the stock were exchanged, compared to its average volume of 468,699. HEICO Co. has a one year low of $209.77 and a one year high of $283.60. The stock has a market cap of $38.26 billion, a PE ratio of 75.23, a P/E/G ratio of 3.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The stock has a 50 day moving average price of $256.11 and a 200 day moving average price of $250.28.

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, topping 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 net margin of 13.33% and a return on equity of 14.63%. Equities research analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on HEI shares. Wells Fargo & Company started coverage on HEICO in a research report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price target for the company. William Blair reiterated an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Truist Financial lowered their price target on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Finally, KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating for the company. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, the company presently 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.