Two Sigma Advisers LP Has $88.24 Million Stock Position in HEICO Co. (NYSE:HEI)

Two Sigma Advisers LP grew its position in HEICO Co. (NYSE:HEI - Free Report) by 2.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 371,178 shares of the aerospace company's stock after acquiring an additional 8,300 shares during the period. Two Sigma Advisers LP owned about 0.27% of HEICO worth $88,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HEI. Wealthfront Advisers LLC boosted its holdings in shares of HEICO by 219,129.4% during the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after buying an additional 22,224,106 shares during the period. Bain Capital Public Equity Management II LLC bought a new stake in shares of HEICO during the 4th quarter worth about $110,503,000. EULAV Asset Management boosted its holdings 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 buying an additional 51,500 shares during the period. Fisher Asset Management LLC boosted its holdings 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 buying an additional 66,583 shares during the period. Finally, Freestone Grove Partners LP bought a new stake in shares of HEICO during the 4th quarter worth about $71,030,000. Institutional investors own 27.12% of the company's stock.

HEICO Price Performance

Shares of NYSE:HEI traded down $1.67 during midday trading on Thursday, hitting $267.17. The stock had a trading volume of 284,890 shares, compared to its average volume of 473,194. The company's 50-day moving average price is $258.33 and its 200-day moving average price is $251.27. The company has a market capitalization of $37.12 billion, a P/E ratio of 73.00, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. 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 Co. has a fifty-two week low of $211.92 and a fifty-two week high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last issued its 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. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. As a group, equities research analysts predict that HEICO Co. will post 4.2 EPS for the current fiscal year.

Insider Activity

In related news, Director Julie Neitzel sold 700 shares of the company's stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the transaction, 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 Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the company's stock in a transaction that occurred on 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 transaction, the director now 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 disclosure for this sale can be found here. Corporate insiders own 9.55% of the company's stock.

Wall Street Analyst Weigh In

HEI has been the subject of several research analyst reports. Truist Financial reduced their target price 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. William Blair reaffirmed an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Finally, Wells Fargo & Company began coverage on shares of HEICO in a report on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 target price for the company. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $267.36.

About HEICO

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.