Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in HEICO Co. (NYSE:HEI)

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 69,732 shares of the aerospace company's stock, valued at approximately $16,578,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.05% of HEICO as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Compass Financial Services Inc bought a new stake in HEICO in the fourth quarter worth $26,000. Banque Transatlantique SA bought a new stake in HEICO in the fourth quarter worth $44,000. SBI Securities Co. Ltd. bought a new stake in HEICO in the fourth quarter worth $135,000. Aster Capital Management DIFC Ltd boosted its holdings in HEICO by 252.7% in the fourth 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 HEICO in the fourth quarter worth $220,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Julie Neitzel sold 700 shares of the company's 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 of the company's stock, valued at approximately $102,924.14. This represents a 62.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the company's 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 completion of the transaction, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. The trade was a 24.13% decrease in their position. The disclosure for this sale can be found here. 9.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on HEI shares. Truist Financial dropped their target price on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. William Blair reaffirmed an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Wells Fargo & Company increased their target price on HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a report on Friday. Finally, UBS Group increased their target price on HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a report on Thursday. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $273.09.

HEICO Price Performance

HEICO stock traded down $0.72 during midday trading on Friday, reaching $299.45. 849,998 shares of the stock traded hands, compared to its average volume of 476,941. The stock's fifty day moving average is $260.79 and its 200-day moving average is $252.43. HEICO Co. has a 12 month low of $216.68 and a 12 month high of $303.32. The stock has a market cap of $41.61 billion, a P/E ratio of 81.82, a PEG ratio of 3.10 and a beta of 1.05. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

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

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.