Hudson Bay Capital Management LP Purchases 5,000 Shares of HEICO Co. (NYSE:HEI)

Hudson Bay Capital Management LP raised its stake in HEICO Co. (NYSE:HEI - Free Report) by 50.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 15,000 shares of the aerospace company's stock after buying an additional 5,000 shares during the period. Hudson Bay Capital Management LP's holdings in HEICO were worth $3,566,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in HEI. Tidal Investments LLC grew its position in shares of HEICO by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 1,557 shares of the aerospace company's stock valued at $407,000 after buying an additional 114 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of HEICO by 43.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company's stock valued at $1,057,000 after purchasing an additional 1,355 shares during the period. Householder Group Estate & Retirement Specialist LLC lifted its stake in shares of HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after purchasing an additional 543 shares during the period. Clear Harbor Asset Management LLC lifted its stake in shares of HEICO by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 23,073 shares of the aerospace company's stock valued at $5,485,000 after purchasing an additional 217 shares during the period. Finally, Simon Quick Advisors LLC acquired a new position in shares of HEICO in the 4th quarter valued at about $250,000. Institutional investors own 27.12% of the company's stock.

Insider Activity

In other news, Director Julie Neitzel sold 700 shares of the company'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 value of $172,361.00. Following the completion of the transaction, the director now directly owns 418 shares of the company's stock, valued at $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the company's stock in a transaction that occurred 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 transaction, the director now directly owns 157,197 shares of the company's stock, valued at approximately $37,659,685.29. This represents a 24.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. KeyCorp assumed coverage on HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating on the stock. Wells Fargo & Company began coverage on HEICO in a research note on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price objective on the stock. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Finally, Truist Financial decreased their target price on HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Five research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $267.36.

HEICO Stock Up 1.3%

Shares of HEICO stock traded up $3.50 on Friday, hitting $278.89. The company had a trading volume of 618,113 shares, compared to its average volume of 470,179. The stock has a market capitalization of $38.75 billion, a price-to-earnings ratio of 76.20, a P/E/G ratio of 3.10 and a beta of 1.05. HEICO Co. has a 1 year low of $211.92 and a 1 year high of $283.60. The stock has a 50 day moving average of $256.48 and a 200-day moving average of $250.46. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11.

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

HEICO Company 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.