Siemens Fonds Invest GmbH bought a new stake in HEICO Co. (NYSE:HEI - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 1,298 shares of the aerospace company's stock, valued at approximately $309,000.
Other hedge funds have also added to or reduced their stakes in the company. Fortress Financial Solutions LLC bought a new position in HEICO in the fourth quarter valued at $263,000. EntryPoint Capital LLC bought a new position in HEICO in the fourth quarter valued at $220,000. Fisher Asset Management LLC grew its position in HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. E Fund Management Co. Ltd. bought a new position in HEICO in the fourth quarter valued at $428,000. Finally, EULAV Asset Management grew its position in HEICO by 12.8% in the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after purchasing an additional 51,500 shares in the last quarter. Institutional investors own 27.12% of the company's stock.
Insider Buying and Selling
In related news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction dated 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 completion of the sale, the director now owns 157,197 shares of the company's stock, valued at approximately $37,659,685.29. The trade was a 24.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by insiders.
HEICO Stock Performance
Shares of HEI stock traded down $2.42 during midday trading on Tuesday, hitting $298.49. 450,837 shares of the company were exchanged, compared to its average volume of 476,976. The firm has a market capitalization of $41.47 billion, a P/E ratio of 81.56, a PEG ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm's 50 day moving average price is $262.01 and its two-hundred day moving average price is $252.64. HEICO Co. has a 52 week low of $216.68 and a 52 week high of $303.32.
HEICO (NYSE:HEI - Get Free Report) last announced its earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, topping the consensus estimate of $1.03 by $0.09. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.88 EPS. As a group, equities research analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current year.
Analyst Ratings Changes
HEI has been the subject of a number of analyst reports. Barclays raised their target price on shares of HEICO from $250.00 to $280.00 and gave the company an "equal weight" rating in a research report on Monday. UBS Group lifted 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. Truist Financial decreased their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Wells Fargo & Company lifted their price objective on shares of HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a research report on Friday. Finally, William Blair reissued an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $275.82.
Read Our Latest Research Report on HEI
About HEICO
(
Free Report)
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.
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