PDT Partners LLC Makes New $689,000 Investment in HEICO Co. (NYSE:HEI)

PDT Partners LLC purchased a new stake in HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 2,900 shares of the aerospace company's stock, valued at approximately $689,000.

A number of other hedge funds have also modified their holdings of HEI. Wealthfront Advisers LLC lifted its position in HEICO by 219,129.4% in the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock valued at $5,285,970,000 after buying an additional 22,224,106 shares during the last quarter. River Global Investors LLP purchased a new stake in shares of HEICO in the 4th quarter valued at approximately $16,073,000. Fisher Asset Management LLC lifted its holdings in shares of HEICO by 19.1% in the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock worth $98,791,000 after acquiring an additional 66,583 shares during the last quarter. EULAV Asset Management boosted its position in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock worth $107,861,000 after purchasing an additional 51,500 shares during the period. Finally, Vantage Investment Partners LLC increased its holdings in HEICO by 31.0% in the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock valued at $38,127,000 after purchasing an additional 37,943 shares during the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction dated 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 sale, the director now owns 157,197 shares in the company, valued at approximately $37,659,685.29. The trade was a 24.13 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Julie Neitzel sold 700 shares of the business's stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of the sale, the director now directly owns 418 shares of the company's stock, valued at $102,924.14. The trade was a 62.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

HEICO Stock Performance

NYSE:HEI opened at $257.40 on Friday. The firm has a market capitalization of $35.76 billion, a PE ratio of 70.33, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. 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 business's fifty day moving average price is $254.31 and its 200 day moving average price is $249.83. HEICO Co. has a 12 month low of $207.50 and a 12 month 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 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. On average, sell-side analysts anticipate that HEICO Co. will post 4.2 earnings per share for the current fiscal 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.

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