Bath Savings Trust Co Has $11.98 Million Stock Position in HEICO Co. (NYSE:HEI)

Bath Savings Trust Co increased its holdings in HEICO Co. (NYSE:HEI - Free Report) by 7.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 44,823 shares of the aerospace company's stock after purchasing an additional 3,085 shares during the period. HEICO makes up 1.2% of Bath Savings Trust Co's portfolio, making the stock its 25th biggest position. Bath Savings Trust Co's holdings in HEICO were worth $11,976,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its holdings in shares of HEICO by 1.3% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 10,800 shares of the aerospace company's stock worth $2,568,000 after buying an additional 138 shares in the last quarter. New England Research & Management Inc. acquired a new stake in HEICO in the 4th quarter valued at $767,000. Trust Point Inc. grew its position in HEICO by 408.3% in the fourth quarter. Trust Point Inc. now owns 5,149 shares of the aerospace company's stock valued at $1,224,000 after acquiring an additional 4,136 shares during the period. Longboard Asset Management LP bought a new stake in HEICO in the fourth quarter valued at $242,000. Finally, Barrett & Company Inc. raised its stake in HEICO by 12.2% during the fourth quarter. Barrett & Company Inc. now owns 3,141 shares of the aerospace company's stock worth $747,000 after acquiring an additional 341 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

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

HEICO Price Performance

Shares of HEI stock traded down $0.72 during trading hours on Friday, reaching $299.45. 849,998 shares of the company were exchanged, compared to its average volume of 476,941. The stock's fifty day moving average is $260.79 and its two-hundred day moving average is $252.28. HEICO Co. has a fifty-two week low of $216.68 and a fifty-two week high of $303.32. 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 company has a market cap of $41.61 billion, a price-to-earnings ratio of 81.82, a P/E/G ratio of 3.10 and a beta of 1.05.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating the consensus estimate of $1.03 by $0.09. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.10 billion during the quarter, compared to analysts' expectations of $1.06 billion. During the same period last year, the firm earned $0.88 EPS. The business's revenue for the quarter was up 14.9% on a year-over-year basis. Sell-side analysts forecast that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Insider Activity

In other HEICO news, Director Julie Neitzel sold 700 shares of the 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 in the company, valued at $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the 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 of the company's stock, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The disclosure for this sale can be found here. 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.