Two Sigma Advisers LP Buys 8,300 Shares of HEICO Co. (NYSE:HEI)

Two Sigma Advisers LP increased its position in HEICO Co. (NYSE:HEI - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 371,178 shares of the aerospace company's stock after purchasing an additional 8,300 shares during the quarter. Two Sigma Advisers LP owned approximately 0.27% of HEICO worth $88,244,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Fortress Financial Solutions LLC bought a new position in HEICO in the fourth quarter worth $263,000. Hennion & Walsh Asset Management Inc. lifted its position in HEICO by 43.9% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company's stock worth $1,057,000 after purchasing an additional 1,355 shares during the period. EntryPoint Capital LLC bought a new position in HEICO in the fourth quarter worth $220,000. Fisher Asset Management LLC lifted 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 worth $98,791,000 after purchasing an additional 66,583 shares during the period. Finally, E Fund Management Co. Ltd. acquired a new position in shares of HEICO in the 4th quarter worth approximately $428,000. 27.12% of the stock is owned by institutional investors.

Insider Buying and Selling at HEICO

In related news, Director Julie Neitzel sold 700 shares of HEICO 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 transaction, 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 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 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. This trade 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.

Analyst Upgrades and Downgrades

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

HEICO Trading Up 0.2%

Shares of HEICO stock traded up $0.53 on Friday, hitting $267.61. 352,268 shares of the company's stock traded hands, compared to its average volume of 472,808. The firm's 50-day moving average price is $258.60 and its two-hundred day moving average price is $251.50. The stock has a market capitalization of $37.18 billion, a PE ratio of 73.12, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. HEICO Co. has a one year low of $211.92 and a one year high of $283.60. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34.

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%. On average, research analysts expect that HEICO Co. will post 4.2 EPS for the current fiscal year.

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.