Two Sigma Investments LP Sells 24,913 Shares of HEICO Co. (NYSE:HEI)

Two Sigma Investments LP decreased its position in shares of HEICO Co. (NYSE:HEI - Free Report) by 9.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 251,259 shares of the aerospace company's stock after selling 24,913 shares during the period. Two Sigma Investments LP owned about 0.18% of HEICO worth $59,734,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of HEI. Teza Capital Management LLC increased its holdings in HEICO by 480.2% during the 4th quarter. Teza Capital Management LLC now owns 7,862 shares of the aerospace company's stock valued at $1,869,000 after purchasing an additional 6,507 shares in the last quarter. Siemens Fonds Invest GmbH bought a new stake in shares of HEICO during the fourth quarter worth $309,000. SG Capital Management LLC increased its stake in shares of HEICO by 57.4% in the fourth quarter. SG Capital Management LLC now owns 33,609 shares of the aerospace company's stock valued at $7,990,000 after buying an additional 12,251 shares in the last quarter. Shell Asset Management Co. raised its holdings 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 valued at $648,000 after buying an additional 1,340 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC lifted its position in HEICO by 0.7% during the 4th 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 in the last quarter. Institutional investors own 27.12% of the company's stock.

HEICO Stock Up 0.8%

NYSE:HEI opened at $281.07 on Tuesday. 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 12-month low of $211.92 and a 12-month high of $283.60. The stock's fifty day simple moving average is $257.56 and its 200-day simple moving average is $250.97. The firm has a market capitalization of $39.05 billion, a P/E ratio of 76.80, a P/E/G ratio of 3.10 and a beta of 1.05.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. Equities research analysts expect that HEICO Co. will post 4.2 earnings per share for the current year.

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim sold 50,000 shares of the business's 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 transaction, the director now directly owns 157,197 shares of the company's stock, valued at approximately $37,659,685.29. The trade was a 24.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Julie Neitzel sold 700 shares of the firm's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the sale, the director now directly owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their position. 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 a number of research analyst reports. Truist Financial dropped their target price on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Wells Fargo & Company started coverage on shares of HEICO in a research report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price objective for the company. Finally, William Blair reiterated an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $267.36.

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.

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