HEICO Co. (NYSE:HEI) Director Alan Schriesheim Sells 35,000 Shares

HEICO Co. (NYSE:HEI - Get Free Report) Director Alan Schriesheim sold 35,000 shares of HEICO stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $298.36, for a total transaction of $10,442,600.00. Following the sale, the director now owns 122,197 shares in the company, valued at $36,458,696.92. This represents a 22.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alan Schriesheim also recently made the following trade(s):

• On Tuesday, April 22nd, Alan Schriesheim sold 50,000 shares of HEICO stock. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00.

HEICO Stock Up 0.8%

Shares of HEI stock traded up $2.50 during trading hours on Friday, reaching $303.64. The company had a trading volume of 391,135 shares, compared to its average volume of 476,451. The company has a market capitalization of $42.24 billion, a P/E ratio of 82.96, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. HEICO Co. has a twelve month low of $216.68 and a twelve month high of $304.80. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock's fifty day simple moving average is $264.05 and its 200 day simple moving average is $253.23.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings results on Tuesday, May 27th. The aerospace company reported $1.12 EPS for the quarter, beating analysts' consensus estimates of $1.03 by $0.09. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.06 billion. During the same quarter in the prior year, the business posted $0.88 earnings per share. HEICO's revenue for the quarter was up 14.9% on a year-over-year basis. As a group, sell-side analysts expect that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

HEI has been the topic of several analyst reports. Wells Fargo & Company lifted their target price on shares of HEICO from $244.00 to $278.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. Barclays set a $280.00 price objective on HEICO and gave the company an "equal weight" rating in a research note on Monday, June 2nd. Truist Financial cut their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. William Blair reissued an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Finally, UBS Group upped their price objective on HEICO from $264.00 to $306.00 and gave the stock a "neutral" rating in a report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, HEICO presently has a consensus rating of "Moderate Buy" and an average target price of $279.45.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of HEI. Wealthfront Advisers LLC lifted its holdings in shares of HEICO by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after purchasing an additional 22,224,106 shares during the last quarter. Bain Capital Public Equity Management II LLC acquired a new position in shares of HEICO during the 4th quarter valued at $110,503,000. EULAV Asset Management increased its position in shares of HEICO by 1.8% during the 1st quarter. EULAV Asset Management now owns 461,693 shares of the aerospace company's stock valued at $123,360,000 after purchasing an additional 8,000 shares during the period. Fisher Asset Management LLC grew its holdings in shares of HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after acquiring an additional 66,583 shares during the last quarter. Finally, Two Sigma Advisers LP grew its holdings in shares of HEICO by 2.3% in the 4th quarter. Two Sigma Advisers LP now owns 371,178 shares of the aerospace company's stock worth $88,244,000 after acquiring an additional 8,300 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

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.