HEICO Co. (NYSE:HEI) Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC trimmed its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 5.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 261,894 shares of the aerospace company's stock after selling 15,211 shares during the quarter. Fisher Asset Management LLC owned 0.19% of HEICO worth $46,845,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HEI. NBC Securities Inc. purchased a new stake in shares of HEICO during the 3rd quarter worth $42,000. Beaumont Financial Advisors LLC purchased a new stake in HEICO during the 4th quarter worth about $200,000. Sequoia Financial Advisors LLC acquired a new position in shares of HEICO during the 4th quarter worth about $202,000. Anchor Investment Management LLC purchased a new position in shares of HEICO in the 4th quarter valued at about $203,000. Finally, Prime Capital Investment Advisors LLC acquired a new stake in shares of HEICO during the 4th quarter worth about $214,000. Hedge funds and other institutional investors own 27.12% of the company's stock.

HEICO Price Performance

Shares of NYSE HEI traded up $1.32 during trading on Friday, hitting $211.36. 287,137 shares of the company were exchanged, compared to its average volume of 347,080. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. HEICO Co. has a 1 year low of $153.63 and a 1 year high of $212.45. The company has a market cap of $29.24 billion, a price-to-earnings ratio of 69.07, a PEG ratio of 3.43 and a beta of 1.11. The firm's fifty day moving average price is $194.06 and its 200 day moving average price is $182.11.

HEICO (NYSE:HEI - Get Free Report) last released its quarterly earnings data on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping 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 firm had revenue of $896.36 million for the quarter, compared to the consensus estimate of $891.32 million. During the same quarter in the previous year, the firm earned $0.67 earnings per share. The firm's revenue was up 44.4% on a year-over-year basis. On average, sell-side analysts expect that HEICO Co. will post 3.47 earnings per share for the current fiscal year.

Insider Activity at HEICO

In other HEICO news, Director Frank J. Schwitter sold 400 shares of the company's stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now owns 1,255 shares of the company's stock, valued at $243,093.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other HEICO news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the transaction, the director now owns 1,255 shares in the company, valued at $243,093.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Alan Schriesheim sold 26,000 shares of the company's stock in a transaction dated 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 completion of the sale, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of research analyst reports. Royal Bank of Canada upped their price target on HEICO from $210.00 to $225.00 and gave the company an "outperform" rating in a report on Monday, February 26th. Stifel Nicolaus increased their target price on shares of HEICO from $210.00 to $215.00 and gave the company a "buy" rating in a research report on Tuesday, April 9th. Finally, Bank of America raised shares of HEICO from a "neutral" rating to a "buy" rating and set a $220.00 price target for the company in a research report on Thursday, January 25th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, HEICO presently has a consensus rating of "Moderate Buy" and a consensus price target of $204.50.

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.