HEICO Co. (NYSE:HEI) Shares Acquired by Squarepoint Ops LLC

Squarepoint Ops LLC grew its holdings in HEICO Co. (NYSE:HEI - Free Report) by 2,203.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 87,030 shares of the aerospace company's stock after buying an additional 83,251 shares during the period. Squarepoint Ops LLC owned 0.06% of HEICO worth $20,691,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Compass Financial Services Inc acquired a new stake in shares of HEICO in the fourth quarter valued at about $26,000. Banque Transatlantique SA purchased a new stake in shares of HEICO in the fourth quarter valued at about $44,000. Berbice Capital Management LLC purchased a new stake in shares of HEICO in the fourth quarter valued at about $95,000. SBI Securities Co. Ltd. purchased a new stake in shares of HEICO in the fourth quarter valued at about $135,000. Finally, Aster Capital Management DIFC Ltd grew its holdings in shares of HEICO by 252.7% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock valued at $158,000 after purchasing an additional 475 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

HEI has been the subject of a number of analyst reports. William Blair reissued an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Wells Fargo & Company initiated coverage on shares of HEICO in a report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price objective for the company. Finally, Truist Financial dropped their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, HEICO currently has a consensus rating of "Moderate Buy" and an average price target of $267.36.

Insider Transactions at HEICO

In other news, Director Julie Neitzel sold 700 shares of the stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now owns 418 shares of the company's stock, valued at approximately $102,924.14. This represents a 62.61% 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 the SEC website. Also, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the sale, the director now directly owns 157,197 shares in the company, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.55% of the company's stock.

HEICO Trading Up 1.3%

HEI stock traded up $3.55 during mid-day trading on Tuesday, hitting $271.60. 192,096 shares of the company were exchanged, compared to its average volume of 544,165. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $37.74 billion, a P/E ratio of 74.21, a PEG ratio of 3.10 and a beta of 1.05. The business has a fifty day simple moving average of $258.66 and a 200-day simple moving average of $251.48. HEICO Co. has a 12-month low of $211.92 and a 12-month high of $283.60.

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, topping the consensus estimate of $0.93 by $0.27. The company had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. On average, equities research analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

HEICO Company 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.