BI Asset Management Fondsmaeglerselskab A S Has $1.05 Million Stock Position in HEICO Co. (NYSE:HEI)

BI Asset Management Fondsmaeglerselskab A S raised its holdings in HEICO Co. (NYSE:HEI - Free Report) by 153.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 4,434 shares of the aerospace company's stock after acquiring an additional 2,684 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in HEICO were worth $1,054,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Wealthfront Advisers LLC raised its position in HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after purchasing an additional 22,224,106 shares during the period. River Global Investors LLP acquired a new stake in HEICO in the fourth quarter valued at approximately $16,073,000. Fisher Asset Management LLC lifted its position 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 purchasing an additional 66,583 shares during the last quarter. EULAV Asset Management lifted its holdings in 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 last quarter. Finally, Vantage Investment Partners LLC boosted its holdings in HEICO by 31.0% in the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock valued at $38,127,000 after purchasing an additional 37,943 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

HEI has been the subject of several research analyst reports. William Blair restated an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Wells Fargo & Company initiated coverage on shares of HEICO in a research report on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price target for the company. 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 report on Thursday, April 17th. Finally, KeyCorp began coverage on shares of HEICO in a report on Thursday, January 16th. They set a "sector weight" rating for the company. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, HEICO has an average rating of "Moderate Buy" and an average target price of $267.36.

HEICO Stock Performance

Shares of HEI stock traded up $0.75 on Monday, hitting $246.76. 77,105 shares of the stock traded hands, compared to its average volume of 463,639. 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 Co. has a 1-year low of $205.82 and a 1-year high of $283.60. The company's fifty day moving average is $252.26 and its 200 day moving average is $250.01. The company has a market capitalization of $34.29 billion, a PE ratio of 67.43, a PEG ratio of 3.10 and a beta of 1.07.

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

Insider Activity

In related news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction dated 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 directly owns 157,197 shares of the company's stock, valued at $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 available at the SEC website. Also, Director Julie Neitzel sold 700 shares of the business's stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the completion of the sale, the director now owns 418 shares in the company, valued at $102,924.14. The trade was a 62.61 % 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.

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.