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

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

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Compass Financial Services Inc acquired a new position in shares of HEICO during the 4th quarter worth $26,000. NBC Securities Inc. acquired a new position in HEICO in the 1st quarter worth about $27,000. Banque Transatlantique SA acquired a new position in HEICO in the 4th quarter worth about $44,000. SBI Securities Co. Ltd. acquired a new position in HEICO in the 4th quarter worth about $135,000. Finally, Aster Capital Management DIFC Ltd increased its holdings in HEICO by 252.7% in the 4th 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. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at HEICO

In other news, Director Frank J. Schwitter sold 356 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $299.10, for a total value of $106,479.60. Following the completion of the sale, the director now directly owns 1,500 shares of the company's stock, valued at approximately $448,650. This represents a 19.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan Schriesheim sold 35,000 shares of the firm's stock in a transaction 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 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 position. The disclosure for this sale can be found here. Insiders have sold 86,056 shares of company stock valued at $22,699,941 over the last 90 days. 9.55% of the stock is owned by insiders.

HEICO Stock Up 0.8%

NYSE HEI traded up $2.50 on Friday, hitting $303.64. The stock had a trading volume of 391,135 shares, compared to its average volume of 476,451. The business's fifty day moving average price is $264.05 and its 200 day moving average price is $253.06. 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 52-week low of $216.68 and a 52-week high of $304.80. The stock has a market cap of $42.24 billion, a price-to-earnings ratio of 82.96, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

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 for the quarter, topping analysts' consensus estimates of $1.03 by $0.09. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the firm posted $0.88 earnings per share. The company's revenue was up 14.9% compared to the same quarter last year. Equities research analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on HEI. Truist Financial decreased their price target on HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wall Street Zen raised HEICO from a "hold" rating to a "buy" rating in a research note on Friday. Morgan Stanley upped their target price on HEICO from $270.00 to $305.00 and gave the company an "equal weight" rating in a research report on Wednesday. William Blair restated an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Finally, Barclays set a $280.00 target price on HEICO and gave the company an "equal weight" rating in a research report on Monday, June 2nd. Five investment analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, HEICO currently has an average rating of "Moderate Buy" and a consensus price target of $279.45.

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.