HEICO Co. (NYSE:HEI) Stock Position Decreased by Mar Vista Investment Partners LLC

Mar Vista Investment Partners LLC cut its holdings in HEICO Co. (NYSE:HEI - Free Report) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,773 shares of the aerospace company's stock after selling 10,960 shares during the period. HEICO comprises about 2.2% of Mar Vista Investment Partners LLC's holdings, making the stock its 25th largest position. Mar Vista Investment Partners LLC owned about 0.10% of HEICO worth $31,565,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. ClearAlpha Technologies LP purchased a new stake in shares of HEICO in the fourth quarter valued at $360,000. TD Waterhouse Canada Inc. grew its holdings in shares of HEICO by 7.4% during the fourth quarter. TD Waterhouse Canada Inc. now owns 5,295 shares of the aerospace company's stock worth $1,259,000 after buying an additional 365 shares in the last quarter. BI Asset Management Fondsmaeglerselskab A S raised its position in shares of HEICO by 153.4% in the fourth quarter. BI Asset Management Fondsmaeglerselskab A S now owns 4,434 shares of the aerospace company's stock valued at $1,054,000 after buying an additional 2,684 shares during the last quarter. Capital International Ltd. CA lifted its stake in shares of HEICO by 9.3% during the fourth quarter. Capital International Ltd. CA now owns 51,333 shares of the aerospace company's stock valued at $12,204,000 after buying an additional 4,348 shares during the period. Finally, Capital Group Investment Management PTE. LTD. boosted its position in HEICO by 2.1% during the fourth quarter. Capital Group Investment Management PTE. LTD. now owns 10,116 shares of the aerospace company's stock worth $2,405,000 after acquiring an additional 207 shares during the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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 value of $11,978,500.00. Following the completion of the transaction, the director now directly owns 157,197 shares in the company, valued at approximately $37,659,685.29. This trade represents a 24.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 owns 418 shares in the company, valued at $102,924.14. The trade was a 62.61 % decrease in their position. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on HEI shares. William Blair reissued an "outperform" rating on shares of HEICO in a research note on Tuesday, March 25th. Wells Fargo & Company began coverage on HEICO in a research report on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 target price on the stock. KeyCorp began coverage on HEICO in a report on Thursday, January 16th. They issued a "sector weight" rating for the company. Finally, Truist Financial cut their price objective 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. Five 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, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $267.36.

HEICO Stock Up 0.1 %

Shares of NYSE HEI traded up $0.30 on Monday, hitting $246.31. The company had a trading volume of 136,237 shares, compared to its average volume of 463,848. The firm has a market capitalization of $34.22 billion, a P/E ratio of 67.25, a PEG ratio of 3.10 and a beta of 1.07. 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 $205.82 and a 12-month high of $283.60. The business has a 50 day moving average of $252.26 and a two-hundred day moving average of $250.01.

HEICO (NYSE:HEI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.27. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The company had revenue of $1.03 billion during the quarter, compared to the consensus estimate of $983.10 million. As a group, equities research analysts forecast that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

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.