DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $11.71 Million Stock Holdings in HEICO Co. (NYSE:HEI)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lowered its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 35.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 49,240 shares of the aerospace company's stock after selling 26,650 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main's holdings in HEICO were worth $11,706,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Compass Financial Services Inc bought a new position in HEICO during the 4th quarter worth $26,000. Banque Transatlantique SA bought a new position in HEICO during the 4th quarter worth $44,000. Berbice Capital Management LLC bought a new position in HEICO during the 4th quarter worth $95,000. SBI Securities Co. Ltd. bought a new position in HEICO during the 4th quarter worth $135,000. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in 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. Institutional investors own 27.12% of the company's stock.

Wall Street Analysts Forecast Growth

HEI has been the topic of a number of recent research reports. Truist Financial lowered 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. Wells Fargo & Company started 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. KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating on the stock. Finally, William Blair reiterated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $267.36.

Insider Activity at HEICO

In other HEICO 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 transaction of $172,361.00. Following the transaction, the director now directly owns 418 shares of the company's stock, valued at approximately $102,924.14. The trade was a 62.61% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value of $11,978,500.00. Following the transaction, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. The trade was a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by company insiders.

HEICO Price Performance

Shares of NYSE HEI traded up $4.31 during mid-day trading on Monday, hitting $268.47. 429,540 shares of the stock traded hands, compared to its average volume of 468,035. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO Co. has a twelve month low of $208.44 and a twelve month high of $283.60. The company has a market cap of $37.30 billion, a PE ratio of 73.35, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. The firm has a 50 day simple moving average of $255.90 and a two-hundred day simple moving average of $250.02.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings data 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. 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, equities research analysts forecast that HEICO Co. will post 4.2 EPS for the current fiscal year.

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.