Numerai GP LLC Has $844,000 Stock Holdings in HEICO Co. (NYSE:HEI)

Numerai GP LLC lifted its stake in HEICO Co. (NYSE:HEI - Free Report) by 58.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,549 shares of the aerospace company's stock after purchasing an additional 1,305 shares during the quarter. Numerai GP LLC's holdings in HEICO were worth $844,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in the stock. Compass Financial Services Inc acquired a new stake in shares of HEICO during the 4th quarter valued at about $26,000. Banque Transatlantique SA bought a new position in shares of HEICO during the 4th quarter valued at $44,000. Berbice Capital Management LLC acquired a new stake in shares of HEICO in the 4th quarter valued at $95,000. SBI Securities Co. Ltd. bought a new stake in HEICO in the fourth quarter worth $135,000. Finally, Householder Group Estate & Retirement Specialist LLC boosted its holdings in HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock worth $156,000 after purchasing an additional 543 shares in the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Julie Neitzel sold 700 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now owns 418 shares in the company, valued at approximately $102,924.14. This represents a 62.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction dated 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 $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.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on HEI shares. William Blair reaffirmed an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Truist Financial cut their target price 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, Wells Fargo & Company began coverage on shares of HEICO in a report on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price target for the company. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $267.36.

HEICO Price Performance

Shares of HEICO stock traded down $2.65 during midday trading on Tuesday, hitting $278.48. 81,601 shares of the company were exchanged, compared to its average volume of 550,487. The firm has a 50 day simple moving average of $257.56 and a 200-day simple moving average of $250.97. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. The firm has a market cap of $38.69 billion, a P/E ratio of 76.09, a PEG ratio of 3.10 and a beta of 1.05. HEICO Co. has a 52 week low of $211.92 and a 52 week high of $283.60.

HEICO (NYSE:HEI - Get Free Report) last announced its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 net margin of 13.33% and a return on equity of 14.63%. Research analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO 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.