Polar Asset Management Partners Inc. Has $3.04 Million Position in HEICO Co. (NYSE:HEI)

Polar Asset Management Partners Inc. grew its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 11.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,800 shares of the aerospace company's stock after purchasing an additional 1,300 shares during the quarter. Polar Asset Management Partners Inc.'s holdings in HEICO were worth $3,043,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of HEI. Compass Financial Services Inc purchased a new position in shares of HEICO during the fourth quarter worth about $26,000. Banque Transatlantique SA purchased a new stake in HEICO during the fourth quarter worth about $44,000. SBI Securities Co. Ltd. purchased a new position in HEICO in the 4th quarter valued at approximately $135,000. Aster Capital Management DIFC Ltd boosted its position in HEICO by 252.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after purchasing an additional 475 shares in the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in HEICO in the fourth quarter valued at $220,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on HEI shares. UBS Group increased their price objective on shares of HEICO from $264.00 to $306.00 and gave the company a "neutral" rating in a research note on Thursday. Truist Financial reduced 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. Wells Fargo & Company upped their target price on HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, William Blair restated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $273.09.

HEICO Stock Down 0.2%

HEI traded down $0.72 during trading hours on Friday, reaching $299.45. 836,842 shares of the stock traded hands, compared to its average volume of 557,595. HEICO Co. has a fifty-two week low of $212.06 and a fifty-two week high of $303.32. The company has a market cap of $41.61 billion, a price-to-earnings ratio of 81.82, a PEG ratio of 3.10 and a beta of 1.05. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The firm's fifty day simple moving average is $260.22 and its two-hundred day simple moving average is $252.18.

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

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction 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 transaction, the director now owns 157,197 shares of the company's stock, valued at $37,659,685.29. The trade was a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Julie Neitzel sold 700 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now directly owns 418 shares in the company, valued at $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 owned by corporate insiders.

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.