Chancellor Financial Group WB LP Invests $778,000 in HEICO Co. (NYSE:HEI)

Chancellor Financial Group WB LP acquired a new position in shares of HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 3,271 shares of the aerospace company's stock, valued at approximately $778,000.

A number of other large investors have also recently made changes to their positions in the business. Compass Financial Services Inc purchased a new position in shares of HEICO during the fourth quarter valued at approximately $26,000. Banque Transatlantique SA bought a new position in HEICO during the 4th quarter valued at $44,000. SBI Securities Co. Ltd. purchased a new position in HEICO during the 4th quarter worth $135,000. Aster Capital Management DIFC Ltd grew its stake in shares of HEICO by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after acquiring an additional 475 shares in the last quarter. Finally, EntryPoint Capital LLC bought a new stake in shares of HEICO in the 4th quarter worth $220,000. 27.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. William Blair reissued an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Wells Fargo & Company lifted their target price on shares of HEICO from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Friday. Truist Financial cut their target price 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, UBS Group increased their price target on HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a research report on Thursday. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $273.09.

HEICO Stock Performance

HEICO stock traded down $0.72 during midday trading on Friday, reaching $299.45. The stock had a trading volume of 849,998 shares, compared to its average volume of 476,941. The firm has a market capitalization of $41.61 billion, a PE ratio of 81.82, a P/E/G ratio of 3.10 and a beta of 1.05. HEICO Co. has a 12 month low of $216.68 and a 12 month high of $303.32. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The firm's 50-day moving average price is $260.79 and its 200 day moving average price is $252.11.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.09. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.06 billion. During the same quarter in the previous year, the firm posted $0.88 earnings per share. The company's quarterly revenue was up 14.9% compared to the same quarter last year. As a group, research analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Insider Activity

In other news, 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 transaction of $11,978,500.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Julie Neitzel sold 700 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the transaction, the director now directly owns 418 shares in the company, valued at approximately $102,924.14. The trade was 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.

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.