Siemens Fonds Invest GmbH Acquires New Holdings in HEICO Co. (NYSE:HEI)

Siemens Fonds Invest GmbH bought a new position in shares of HEICO Co. (NYSE:HEI - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,298 shares of the aerospace company's stock, valued at approximately $309,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Total Wealth Planning & Management Inc. bought a new stake in HEICO during the 4th quarter worth approximately $637,000. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of HEICO in the fourth quarter worth $16,578,000. HWG Holdings LP raised its position in shares of HEICO by 2.7% in the fourth quarter. HWG Holdings LP now owns 15,864 shares of the aerospace company's stock worth $3,772,000 after buying an additional 420 shares in the last quarter. Polar Asset Management Partners Inc. raised its position in shares of HEICO by 11.3% in the fourth quarter. Polar Asset Management Partners Inc. now owns 12,800 shares of the aerospace company's stock worth $3,043,000 after buying an additional 1,300 shares in the last quarter. Finally, Putney Financial Group LLC purchased a new stake in shares of HEICO in the fourth quarter worth $294,000. Institutional investors own 27.12% of the company's stock.

HEICO Stock Down 0.2%

HEICO stock traded down $0.72 during trading hours on Friday, hitting $299.45. 849,998 shares of the stock traded hands, compared to its average volume of 476,941. The firm's 50-day moving average price is $260.79 and its two-hundred day moving average price is $252.43. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market cap of $41.61 billion, a PE ratio of 81.82, a PEG ratio of 3.10 and a beta of 1.05. HEICO Co. has a one year low of $216.68 and a one year high of $303.32.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings data 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. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The business had revenue of $1.10 billion for the quarter, compared to analysts' expectations of $1.06 billion. During the same period in the previous year, the firm posted $0.88 EPS. The business's revenue was up 14.9% on a year-over-year basis. On average, research analysts forecast that HEICO Co. will post 4.2 EPS for the current year.

Insider Transactions at HEICO

In other news, Director Julie Neitzel sold 700 shares of the company's stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the sale, the director now directly owns 418 shares in the company, valued at $102,924.14. This represents a 62.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total value 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 $37,659,685.29. The trade was a 24.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.55% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on HEI shares. William Blair reiterated an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. UBS Group increased their price objective on HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a research report on Thursday. Wells Fargo & Company increased their price objective on HEICO from $244.00 to $278.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Truist Financial lowered their price target on HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $273.09.

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.