Clare Market Investments LLC Grows Position in HEICO Co. (NYSE:HEI)

Clare Market Investments LLC grew its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 100.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,000 shares of the aerospace company's stock after purchasing an additional 1,000 shares during the quarter. Clare Market Investments LLC's holdings in HEICO were worth $534,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Hennion & Walsh Asset Management Inc. boosted its stake in HEICO by 10.7% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 4,920 shares of the aerospace company's stock worth $1,315,000 after purchasing an additional 476 shares during the last quarter. Threadgill Financial LLC acquired a new stake in HEICO during the 1st quarter worth $212,000. NBC Securities Inc. acquired a new stake in HEICO during the 1st quarter worth $27,000. IFG Advisors LLC acquired a new stake in HEICO during the 1st quarter worth $207,000. Finally, Bath Savings Trust Co boosted its stake in HEICO by 7.4% during the 1st quarter. Bath Savings Trust Co now owns 44,823 shares of the aerospace company's stock worth $11,976,000 after purchasing an additional 3,085 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Trading Up 0.8%

HEI traded up $2.50 on Friday, hitting $303.64. The company had a trading volume of 391,135 shares, compared to its average volume of 476,451. The firm has a market cap of $42.24 billion, a P/E ratio of 82.96, a PEG ratio of 3.10 and a beta of 1.07. HEICO Co. has a 1 year low of $216.68 and a 1 year high of $304.80. The company's fifty day moving average price is $264.05 and its 200 day moving average price is $253.06. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

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, beating the consensus estimate 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%. HEICO's revenue was up 14.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.88 EPS. As a group, equities analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. William Blair reissued an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Wall Street Zen raised shares of HEICO from a "hold" rating to a "buy" rating in a research report on Friday. Truist Financial lowered their price target on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Barclays set a $280.00 price target on shares of HEICO and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Finally, UBS Group boosted their price target on shares of HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $279.45.

Insiders Place Their Bets

In other HEICO news, Director Frank J. Schwitter sold 356 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $299.10, for a total transaction of $106,479.60. Following the sale, the director now directly owns 1,500 shares in the company, valued at $448,650. This represents a 19.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the business's stock in a transaction dated 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 owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 86,056 shares of company stock worth $22,699,941 over the last three months. Company 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.