Two Sigma Investments LP Cuts Holdings in HEICO Co. (NYSE:HEI)

Two Sigma Investments LP cut its position in HEICO Co. (NYSE:HEI - Free Report) by 9.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 251,259 shares of the aerospace company's stock after selling 24,913 shares during the period. Two Sigma Investments LP owned 0.18% of HEICO worth $59,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in HEI. Compass Financial Services Inc acquired a new position in HEICO during the fourth quarter worth $26,000. Banque Transatlantique SA acquired a new position in HEICO during the fourth quarter worth $44,000. Berbice Capital Management LLC acquired a new position in HEICO during the fourth quarter worth $95,000. SBI Securities Co. Ltd. acquired a new position in HEICO during the fourth quarter worth $135,000. Finally, Aster Capital Management DIFC Ltd boosted its stake in HEICO by 252.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after buying an additional 475 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Stock Performance

Shares of NYSE HEI traded up $0.53 during trading hours on Friday, reaching $267.61. The stock had a trading volume of 352,268 shares, compared to its average volume of 473,533. The firm has a market cap of $37.18 billion, a price-to-earnings ratio of 73.12, a PEG ratio of 3.10 and a beta of 1.05. The company has a current ratio of 3.11, a quick ratio of 1.34 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. The firm has a 50-day moving average of $258.60 and a 200-day moving average of $251.43.

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

Analyst Ratings Changes

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

Insider Buying and Selling at HEICO

In other HEICO news, 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 completion of the sale, the director now directly owns 157,197 shares of the company's stock, valued at $37,659,685.29. This represents a 24.13% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 value of $172,361.00. Following the sale, the director now directly 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 disclosure for this sale can be found here. 9.55% of the stock is owned by company insiders.

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.