Teza Capital Management LLC Purchases 6,507 Shares of HEICO Co. (NYSE:HEI)

Teza Capital Management LLC lifted its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 480.2% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,862 shares of the aerospace company's stock after buying an additional 6,507 shares during the quarter. Teza Capital Management LLC's holdings in HEICO were worth $1,869,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the stock. Siemens Fonds Invest GmbH acquired a new stake in shares of HEICO in the fourth quarter worth approximately $309,000. SG Capital Management LLC raised its stake in shares of HEICO by 57.4% during the fourth quarter. SG Capital Management LLC now owns 33,609 shares of the aerospace company's stock valued at $7,990,000 after purchasing an additional 12,251 shares during the period. Shell Asset Management Co. increased its stake in shares of HEICO by 96.6% in the fourth quarter. Shell Asset Management Co. now owns 2,727 shares of the aerospace company's stock worth $648,000 after buying an additional 1,340 shares during the last quarter. Silvercrest Asset Management Group LLC increased its stake in shares of HEICO by 0.7% in the fourth quarter. Silvercrest Asset Management Group LLC now owns 13,251 shares of the aerospace company's stock worth $3,150,000 after buying an additional 93 shares during the last quarter. Finally, Polar Asset Management Partners Inc. increased its stake 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 during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HEI has been the subject of several recent research reports. Wells Fargo & Company initiated coverage on shares of HEICO in a research note on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 target price for the company. Truist Financial reduced 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. Finally, William Blair reissued an "outperform" rating on shares of HEICO in a 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. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $267.36.

Insider Activity

In other news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction that occurred 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 directly owns 157,197 shares of the company's stock, valued at approximately $37,659,685.29. This represents a 24.13% 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 Julie Neitzel sold 700 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 418 shares of the company's stock, valued at $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by company insiders.

HEICO Stock Down 3.1%

Shares of HEI traded down $8.46 during trading hours on Wednesday, reaching $268.66. The company's stock had a trading volume of 378,513 shares, compared to its average volume of 473,106. The firm has a market cap of $37.33 billion, a price-to-earnings ratio of 73.41, a P/E/G ratio of 3.10 and a beta of 1.05. The company has a 50 day moving average of $258.08 and a two-hundred day moving average of $251.15. HEICO Co. has a 1-year low of $211.92 and a 1-year high of $283.60. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

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