3,481 Shares in HEICO Co. (NYSE:HEI) Acquired by Nebula Research & Development LLC

Nebula Research & Development LLC purchased a new position in HEICO Co. (NYSE:HEI - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 3,481 shares of the aerospace company's stock, valued at approximately $828,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Wealthfront Advisers LLC increased its holdings in 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 purchasing an additional 22,224,106 shares during the period. EULAV Asset Management increased its stake in shares of 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 buying an additional 51,500 shares during the period. Fisher Asset Management LLC increased its stake in shares of 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 buying an additional 66,583 shares during the period. Vantage Investment Partners LLC lifted its stake in HEICO by 31.0% in the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock worth $38,127,000 after acquiring an additional 37,943 shares during the period. Finally, Azimuth Capital Investment Management LLC boosted its holdings 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 valued at $23,967,000 after acquiring an additional 718 shares in the last quarter. Institutional investors own 27.12% of the company's stock.

Insider Activity at HEICO

In other HEICO news, 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 transaction of $172,361.00. Following the completion of the sale, the director now directly owns 418 shares in the company, valued at $102,924.14. The trade was a 62.61 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the transaction, the director now owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13 % decrease in their position. The disclosure for this sale can be found here. 9.55% of the stock is owned by insiders.

Analyst Ratings Changes

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

HEICO Stock Up 2.0 %

Shares of NYSE HEI traded up $5.12 during midday trading on Friday, hitting $262.31. The stock had a trading volume of 418,954 shares, compared to its average volume of 467,219. The company has a market cap of $36.45 billion, a P/E ratio of 71.67, 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. The business's 50 day moving average is $255.00 and its 200-day moving average is $249.72. HEICO Co. has a 52 week low of $207.82 and a 52 week high of $283.60.

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