Moore Capital Management LP Purchases New Shares in HEICO Co. (NYSE:HEI)

Moore Capital Management LP bought a new position in shares of HEICO Co. (NYSE:HEI - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 53,834 shares of the aerospace company's stock, valued at approximately $12,798,000.

Other hedge funds also recently made changes to their positions in the company. Wealthfront Advisers LLC lifted its position in shares of HEICO by 219,129.4% during the 4th 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 period. Bain Capital Public Equity Management II LLC acquired a new stake in shares of HEICO during the 4th quarter worth approximately $110,503,000. EULAV Asset Management raised its position in HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after purchasing an additional 51,500 shares in the last quarter. Fisher Asset Management LLC raised its position in HEICO by 19.1% during the fourth 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. Finally, Freestone Grove Partners LP bought a new stake in HEICO during the fourth quarter worth $71,030,000. 27.12% of the stock is owned by institutional investors.

Insider Activity at HEICO

In related news, Director Alan Schriesheim sold 50,000 shares of the business's 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 sale, 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 position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Julie Neitzel sold 700 shares of the 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 owns 418 shares in the company, valued at approximately $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 owned by corporate insiders.

HEICO Stock Performance

Shares of HEI opened at $264.13 on Monday. 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's fifty day simple moving average is $255.91 and its two-hundred day simple moving average is $249.92. HEICO Co. has a 12 month low of $208.44 and a 12 month high of $283.60. The stock has a market capitalization of $36.70 billion, a P/E ratio of 72.17, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05.

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 the consensus estimate of $0.93 by $0.27. The business had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. As a group, analysts predict that HEICO Co. will post 4.2 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.

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