Clare Market Investments LLC Buys 1,000 Shares of HEICO Co. (NYSE:HEI)

Clare Market Investments LLC raised its position in HEICO Co. (NYSE:HEI - Free Report) by 100.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 2,000 shares of the aerospace company's stock after buying an additional 1,000 shares during the period. Clare Market Investments LLC's holdings in HEICO were worth $534,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC boosted its holdings in HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after acquiring an additional 22,224,106 shares during the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in HEICO during the 4th quarter valued at about $110,503,000. EULAV Asset Management boosted its stake in shares of HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after purchasing an additional 51,500 shares during the last quarter. Fisher Asset Management LLC boosted its stake in shares of HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares during the last quarter. Finally, Two Sigma Advisers LP grew its position in shares of HEICO by 2.3% during the 4th quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after buying an additional 8,300 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HEICO

In related 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 transaction of $172,361.00. Following the completion of the transaction, the director now directly owns 418 shares in the company, valued at approximately $102,924.14. This trade represents a 62.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 35,000 shares of the business's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of $298.36, for a total value of $10,442,600.00. Following the completion of the sale, the director now owns 122,197 shares in the company, valued at $36,458,696.92. The trade was a 22.27% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 86,056 shares of company stock valued at $22,699,941 in the last 90 days. 9.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on HEI. Barclays set a $280.00 price objective on shares of HEICO and gave the company an "equal weight" rating in a report on Monday. Truist Financial cut their price target on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. UBS Group lifted their price objective on HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a research note on Thursday, May 29th. Morgan Stanley increased their target price on HEICO from $270.00 to $305.00 and gave the company an "equal weight" rating in a research note on Wednesday. Finally, William Blair restated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $279.45.

HEICO Stock Up 0.8%

NYSE HEI traded up $2.50 during trading hours on Friday, reaching $303.64. 391,135 shares of the company's stock were exchanged, compared to its average volume of 475,060. 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 company has a market capitalization of $42.19 billion, a price-to-earnings ratio of 82.96, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The company's 50-day moving average is $263.38 and its two-hundred day moving average is $253.18. HEICO Co. has a one year low of $216.68 and a one year high of $304.70.

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

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.