GTS Securities LLC Buys Shares of 1,862 HEICO Co. (NYSE:HEI)

GTS Securities LLC acquired a new position in HEICO Co. (NYSE:HEI - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,862 shares of the aerospace company's stock, valued at approximately $443,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in HEI. Vantage Investment Partners LLC raised its stake in shares of HEICO by 31.0% during the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock worth $38,127,000 after purchasing an additional 37,943 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in 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 valued at $2,568,000 after buying an additional 138 shares during the last quarter. New England Research & Management Inc. bought a new position in HEICO during the 4th quarter worth approximately $767,000. Trust Point Inc. grew its position in shares of HEICO by 408.3% during the 4th quarter. Trust Point Inc. now owns 5,149 shares of the aerospace company's stock worth $1,224,000 after buying an additional 4,136 shares during the period. Finally, Longboard Asset Management LP acquired a new stake in HEICO in the 4th quarter valued at $242,000. Institutional investors own 27.12% of the company's stock.

HEICO Trading Down 0.2%

Shares of HEI stock traded down $0.72 on Friday, hitting $299.45. 849,998 shares of the stock traded hands, compared to its average volume of 476,941. The firm's 50-day moving average price is $260.79 and its two-hundred day moving average price is $252.11. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock has a market capitalization of $41.61 billion, a PE ratio of 81.82, a PEG ratio of 3.10 and a beta of 1.05. HEICO Co. has a twelve month low of $216.68 and a twelve month high of $303.32.

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

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim sold 50,000 shares of the company'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 completion of the transaction, the director now owns 157,197 shares in the company, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Julie Neitzel sold 700 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the transaction, the director now owns 418 shares of the company's stock, valued at approximately $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

HEI has been the topic of several analyst reports. UBS Group boosted their price target on shares of HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a report on Thursday. Truist Financial cut their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company increased their price target on shares of HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, William Blair reaffirmed an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to data from MarketBeat, HEICO has a consensus rating of "Moderate Buy" and a consensus price target of $273.09.

HEICO Company 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.