Shell Asset Management Co. Grows Position in HEICO Co. (NYSE:HEI)

Shell Asset Management Co. raised its holdings in HEICO Co. (NYSE:HEI - Free Report) by 96.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,727 shares of the aerospace company's stock after purchasing an additional 1,340 shares during the quarter. Shell Asset Management Co.'s holdings in HEICO were worth $648,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC boosted its stake in shares of 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 buying an additional 22,224,106 shares in the last quarter. Bain Capital Public Equity Management II LLC purchased a new stake in shares of HEICO during the 4th quarter worth $110,503,000. EULAV Asset Management boosted its position in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock worth $107,861,000 after purchasing an additional 51,500 shares in the last quarter. Fisher Asset Management LLC grew its stake in shares of HEICO by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after purchasing an additional 66,583 shares during the period. Finally, Freestone Grove Partners LP purchased a new position in shares of HEICO in the 4th quarter valued at about $71,030,000. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Price Performance

Shares of NYSE HEI traded down $1.67 during trading on Thursday, reaching $267.17. The company had a trading volume of 284,890 shares, compared to its average volume of 472,356. 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 Co. has a twelve month low of $211.92 and a twelve month high of $283.60. The stock has a 50-day moving average price of $258.33 and a two-hundred day moving average price of $251.27. The stock has a market capitalization of $37.12 billion, a PE ratio of 73.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05.

HEICO (NYSE:HEI - Get Free Report) last announced its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. As a group, sell-side analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

Insider Transactions at HEICO

In related news, Director Alan Schriesheim sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The shares were 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 approximately $37,659,685.29. This trade represents a 24.13% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Julie Neitzel sold 700 shares of the business's stock in a transaction on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the transaction, the director now owns 418 shares of the company's stock, 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. Insiders own 9.55% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on HEI shares. Truist Financial decreased their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Finally, Wells Fargo & Company initiated coverage on HEICO in a research note on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $267.36.

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.