Intrinsic Edge Capital Management LLC Purchases 10,000 Shares of HEICO Co. (NYSE:HEI)

Intrinsic Edge Capital Management LLC grew its holdings in HEICO Co. (NYSE:HEI - Free Report) by 43.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,983 shares of the aerospace company's stock after purchasing an additional 10,000 shares during the period. Intrinsic Edge Capital Management LLC's holdings in HEICO were worth $7,841,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Wealthfront Advisers LLC boosted its position in HEICO by 219,129.4% during 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 last quarter. EULAV Asset Management grew its stake in shares of HEICO by 12.8% in the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after buying an additional 51,500 shares in the last quarter. Fisher Asset Management LLC increased its holdings in HEICO by 19.1% in the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after buying an additional 66,583 shares during the last quarter. Vantage Investment Partners LLC raised its position in HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock valued at $38,127,000 after acquiring an additional 37,943 shares in the last quarter. Finally, Azimuth Capital Investment Management LLC grew its position in HEICO by 0.7% in the fourth quarter. Azimuth Capital Investment Management LLC now owns 100,810 shares of the aerospace company's stock worth $23,967,000 after acquiring an additional 718 shares in the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Price Performance

HEI traded up $4.52 on Thursday, reaching $255.28. The stock had a trading volume of 120,676 shares, compared to its average volume of 464,217. The firm has a 50-day moving average of $253.75 and a 200-day moving average of $249.89. HEICO Co. has a fifty-two week low of $206.62 and a fifty-two week high of $283.60. The company has a market capitalization of $35.47 billion, a price-to-earnings ratio of 69.72, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results 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 business had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. As a group, sell-side analysts anticipate that HEICO Co. will post 4.2 EPS for the current year.

Insider Activity

In other news, Director Alan Schriesheim sold 50,000 shares of the firm'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 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 legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Julie Neitzel sold 700 shares of the business's stock in a transaction dated Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the transaction, the director now owns 418 shares of the company's stock, valued at approximately $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. 9.55% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.