1,464 Shares in HEICO Co. (NYSE:HEI) Acquired by Retireful LLC

Retireful LLC purchased a new stake in HEICO Co. (NYSE:HEI - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,464 shares of the aerospace company's stock, valued at approximately $390,000.

Several other institutional investors and hedge funds also recently made changes to their positions in HEI. Compass Financial Services Inc acquired a new position in shares of HEICO in the 4th quarter valued at $26,000. NBC Securities Inc. bought a new stake in HEICO in the 1st quarter valued at $27,000. Banque Transatlantique SA bought a new stake in HEICO in the 4th quarter valued at $44,000. SBI Securities Co. Ltd. bought a new stake in HEICO in the 4th quarter valued at $135,000. Finally, Aster Capital Management DIFC Ltd lifted its position in HEICO by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock valued at $158,000 after acquiring an additional 475 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Stock Performance

HEICO stock traded up $1.04 during trading hours on Thursday, hitting $301.09. The company had a trading volume of 334,512 shares, compared to its average volume of 475,395. The firm has a market cap of $41.84 billion, a PE ratio of 82.26, a PEG ratio of 3.10 and a beta of 1.07. 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 one year low of $216.68 and a one year high of $303.32. The firm has a 50-day moving average of $263.38 and a 200 day moving average of $253.18.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 earnings per share 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 analysts' expectations of $1.06 billion. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business's revenue was up 14.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.88 EPS. On average, sell-side analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts recently commented on HEI shares. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. UBS Group boosted their price objective 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. Wells Fargo & Company increased their price objective on shares of HEICO from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Truist Financial reduced 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. Finally, Morgan Stanley increased their price objective on shares of HEICO from $270.00 to $305.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $279.45.

Insider Buying and Selling at HEICO

In other news, Director Alan Schriesheim sold 35,000 shares of the firm'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 transaction of $10,442,600.00. Following the transaction, the director now directly owns 122,197 shares of the company's stock, valued at approximately $36,458,696.92. This trade represents a 22.27% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank J. Schwitter sold 356 shares of the firm's stock in a transaction that occurred on 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 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 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. 9.55% of the stock is currently owned by company 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.