AdvisorShares Investments LLC Has $7 Million Stock Holdings in HEICO Co. (NYSE:HEI)

AdvisorShares Investments LLC cut its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 11.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,429 shares of the aerospace company's stock after selling 3,692 shares during the quarter. HEICO comprises approximately 1.3% of AdvisorShares Investments LLC's portfolio, making the stock its 23rd biggest holding. AdvisorShares Investments LLC's holdings in HEICO were worth $6,996,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Wealthfront Advisers LLC boosted its holdings 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 acquiring an additional 22,224,106 shares during the last quarter. River Global Investors LLP purchased a new position in shares of HEICO in the 4th quarter worth about $16,073,000. Fisher Asset Management LLC lifted its stake 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 valued at $98,791,000 after purchasing an additional 66,583 shares in the last quarter. EULAV Asset Management grew its holdings in shares of 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 purchasing an additional 51,500 shares during the period. Finally, Vantage Investment Partners LLC grew its holdings in shares of HEICO by 31.0% during the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock worth $38,127,000 after purchasing an additional 37,943 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. William Blair reiterated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Truist Financial cut their target price on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. KeyCorp assumed coverage on HEICO in a report on Thursday, January 16th. They set a "sector weight" rating for the company. Finally, Wells Fargo & Company started coverage on HEICO in a research 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 company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $267.36.

HEICO Price Performance

NYSE:HEI traded up $5.12 during mid-day trading on Friday, reaching $262.31. 418,954 shares of the stock were exchanged, compared to its average volume of 467,219. HEICO Co. has a 1-year low of $207.82 and a 1-year high of $283.60. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $36.45 billion, a PE ratio of 71.67, a PEG ratio of 3.10 and a beta of 1.05. The business has a fifty day moving average price of $255.00 and a 200 day moving average price of $249.72.

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

Insider Transactions at HEICO

In other HEICO news, Director Julie Neitzel sold 700 shares of the business's stock in a transaction 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 sale, the director now directly owns 418 shares of the company's stock, valued at $102,924.14. The trade was a 62.61 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction on Tuesday, April 22nd. The shares were 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. The trade was a 24.13 % decrease in their position. 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.