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

Congress Asset Management Co. increased its position in HEICO Co. (NYSE:HEI - Free Report) by 1.3% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 66,193 shares of the aerospace company's stock after buying an additional 828 shares during the quarter. Congress Asset Management Co.'s holdings in HEICO were worth $17,686,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of HEI. Compass Financial Services Inc acquired a new stake in shares of HEICO in the fourth quarter valued at $26,000. NBC Securities Inc. purchased a new stake in shares of HEICO during the first quarter valued at $27,000. Banque Transatlantique SA purchased a new stake in shares of HEICO during the fourth quarter valued at $44,000. SBI Securities Co. Ltd. purchased a new stake in shares of HEICO during the fourth quarter valued at $135,000. Finally, Aster Capital Management DIFC Ltd lifted its holdings in shares of HEICO by 252.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock valued at $158,000 after purchasing an additional 475 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Stock Performance

Shares of HEI stock opened at $303.64 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO Co. has a fifty-two week low of $216.68 and a fifty-two week high of $304.80. The stock's 50-day moving average is $264.05 and its two-hundred day moving average is $253.23. The firm has a market cap of $42.19 billion, a P/E ratio of 82.96, a PEG ratio of 3.10 and a beta of 1.07.

HEICO (NYSE:HEI - Get Free Report) last issued its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $1.06 billion. During the same period in the prior year, the firm posted $0.88 EPS. The business's revenue was up 14.9% compared to the same quarter last year. Analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on HEI shares. UBS Group upped their target price on HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a report on Thursday, May 29th. Truist Financial reduced their target price on HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Wall Street Zen raised HEICO from a "hold" rating to a "buy" rating in a report on Friday. Barclays set a $280.00 price objective on HEICO and gave the stock an "equal weight" rating in a research note on Monday, June 2nd. Finally, Morgan Stanley increased their price objective on HEICO from $270.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Five research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $279.45.

Insiders Place Their Bets

In other news, Director Frank J. Schwitter sold 356 shares of the stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total transaction of $106,479.60. Following the transaction, the director now owns 1,500 shares of the company's stock, valued at approximately $448,650. This represents a 19.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan Schriesheim sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00. Following the completion of the sale, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 86,056 shares of company stock valued at $22,699,941 in the last three months. Insiders own 9.55% of the company's stock.

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.

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