1,298 Shares in HEICO Co. (NYSE:HEI) Bought by Siemens Fonds Invest GmbH

Siemens Fonds Invest GmbH bought a new position in HEICO Co. (NYSE:HEI - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 1,298 shares of the aerospace company's stock, valued at approximately $309,000.

A number of other large investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC lifted its holdings in shares of HEICO by 5.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock worth $231,000 after purchasing an additional 46 shares in the last quarter. Moran Wealth Management LLC lifted its holdings in shares of HEICO by 1.9% in 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 in the last quarter. United Capital Financial Advisors LLC lifted its holdings in shares of HEICO by 5.7% in the 4th quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock worth $248,000 after purchasing an additional 56 shares in the last quarter. Moody Lynn & Lieberson LLC lifted 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 worth $1,011,000 after purchasing an additional 65 shares in the last quarter. Finally, Bradley Foster & Sargent Inc. CT lifted its holdings 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 in the last quarter. 27.12% of the stock is currently owned by institutional investors.

Insider Transactions at HEICO

In other news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 sale, the director now directly owns 418 shares of the company's stock, valued at approximately $102,924.14. This trade represents a 62.61% decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.55% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HEI. William Blair restated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. 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. Finally, Wells Fargo & Company began coverage on HEICO in a research note on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price objective on the stock. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $267.36.

HEICO Trading Up 1.3%

NYSE HEI opened at $278.89 on Monday. The stock has a market capitalization of $38.75 billion, a price-to-earnings ratio of 76.20, a PEG ratio of 3.10 and a beta of 1.05. HEICO Co. has a one year low of $211.92 and a one year high of $283.60. 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 business's fifty day moving average is $256.99 and its 200-day moving average is $250.72.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.27. The company had revenue of $1.03 billion for 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%. Equities research analysts predict that HEICO Co. will post 4.2 EPS for the current 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.

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