Alpine Woods Capital Investors LLC Sells 5,838 Shares of HEICO Co. (NYSE:HEI)

Alpine Woods Capital Investors LLC reduced its position in HEICO Co. (NYSE:HEI - Free Report) by 26.2% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 16,448 shares of the aerospace company's stock after selling 5,838 shares during the period. Alpine Woods Capital Investors LLC's holdings in HEICO were worth $2,942,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Lazard Asset Management LLC boosted its position in HEICO by 3.1% during the fourth quarter. Lazard Asset Management LLC now owns 1,363,157 shares of the aerospace company's stock valued at $209,434,000 after purchasing an additional 40,452 shares during the last quarter. Select Equity Group L.P. acquired a new stake in shares of HEICO during the 1st quarter valued at $85,710,000. Balyasny Asset Management L.P. raised its position in HEICO by 336.7% during the 1st quarter. Balyasny Asset Management L.P. now owns 348,363 shares of the aerospace company's stock worth $59,584,000 after purchasing an additional 268,584 shares during the last quarter. Mar Vista Investment Partners LLC raised its position in HEICO by 22.8% during the 3rd quarter. Mar Vista Investment Partners LLC now owns 261,257 shares of the aerospace company's stock worth $42,305,000 after purchasing an additional 48,447 shares during the last quarter. Finally, EULAV Asset Management raised its position in shares of HEICO by 50.9% in the 3rd quarter. EULAV Asset Management now owns 233,593 shares of the aerospace company's stock worth $37,826,000 after acquiring an additional 78,779 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The transaction was disclosed in a filing with the SEC, which is available at this link. In other news, Director Alan Schriesheim sold 26,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the sale, the director now owns 155,862 shares in the company, valued at $29,953,559.16. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Frank J. Schwitter sold 400 shares of the stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the sale, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The disclosure for this sale can be found here. Corporate insiders own 8.10% of the company's stock.

HEICO Stock Up 0.7 %

Shares of NYSE HEI traded up $1.23 on Friday, reaching $189.13. 173,910 shares of the company's stock traded hands, compared to its average volume of 321,940. HEICO Co. has a 12 month low of $153.63 and a 12 month high of $200.64. The business's 50 day simple moving average is $189.75 and its two-hundred day simple moving average is $177.04. The company has a market cap of $26.17 billion, a price-to-earnings ratio of 61.81, a price-to-earnings-growth ratio of 3.09 and a beta of 1.16. The company has a quick ratio of 1.40, a current ratio of 3.17 and a debt-to-equity ratio of 0.75.

HEICO (NYSE:HEI - Get Free Report) last announced its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The business had revenue of $896.36 million during the quarter, compared to the consensus estimate of $891.32 million. During the same quarter last year, the firm earned $0.67 earnings per share. The business's revenue for the quarter was up 44.4% on a year-over-year basis. As a group, equities research analysts forecast that HEICO Co. will post 3.47 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on HEI. Morgan Stanley downgraded HEICO from an "equal weight" rating to an "underweight" rating and cut their price target for the company from $184.00 to $174.00 in a research note on Wednesday, December 20th. Bank of America raised shares of HEICO from a "neutral" rating to a "buy" rating and set a $220.00 target price on the stock in a report on Thursday, January 25th. William Blair started coverage on shares of HEICO in a report on Tuesday, December 12th. They set an "outperform" rating on the stock. Truist Financial boosted their target price on shares of HEICO from $190.00 to $229.00 and gave the company a "buy" rating in a report on Wednesday, December 20th. Finally, Royal Bank of Canada upped their price target on shares of HEICO from $210.00 to $225.00 and gave the stock an "outperform" rating in a report on Monday, February 26th. One analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the company's stock. According to MarketBeat.com, HEICO has a consensus rating of "Moderate Buy" and a consensus target price of $203.00.

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.