HEICO Co. (NYSE:HEI) Shares Acquired by Gotham Asset Management LLC

Gotham Asset Management LLC boosted its position in HEICO Co. (NYSE:HEI - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,038 shares of the aerospace company's stock after buying an additional 1,036 shares during the period. Gotham Asset Management LLC's holdings in HEICO were worth $960,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. Wealthfront Advisers LLC raised its stake in shares of HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after buying an additional 22,224,106 shares during the last quarter. Bain Capital Public Equity Management II LLC acquired a new stake in HEICO during the fourth quarter worth about $110,503,000. EULAV Asset Management raised its position in HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after acquiring an additional 51,500 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after acquiring an additional 66,583 shares during the period. Finally, Freestone Grove Partners LP purchased a new stake in HEICO in the 4th quarter worth approximately $71,030,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Insider Buying and Selling

In other HEICO news, Director Julie Neitzel sold 700 shares of the stock in a transaction dated Thursday, April 24th. The shares were 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 owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the business's stock in a transaction that occurred on 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 owns 157,197 shares in the company, valued at approximately $37,659,685.29. This represents 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 owned by company insiders.

HEICO Price Performance

Shares of NYSE HEI traded up $0.03 during trading on Thursday, hitting $268.87. The company had a trading volume of 144,264 shares, compared to its average volume of 548,539. The firm has a market capitalization of $37.36 billion, a price-to-earnings ratio of 73.46, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. The stock has a fifty day simple moving average of $258.33 and a two-hundred day simple moving average of $251.27. 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 Co. has a fifty-two week low of $211.92 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping 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 analysts' expectations of $983.10 million. On average, research analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

HEI has been the subject of several recent research reports. Truist Financial cut their target price 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. William Blair reaffirmed an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Finally, Wells Fargo & Company started coverage on shares of HEICO in a research report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, HEICO presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.36.

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.