Rockefeller Capital Management L.P. Reduces Stock Holdings in HEICO Co. (NYSE:HEI)

Rockefeller Capital Management L.P. reduced its stake in HEICO Co. (NYSE:HEI - Free Report) by 1.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 132,781 shares of the aerospace company's stock after selling 2,239 shares during the quarter. Rockefeller Capital Management L.P. owned about 0.10% of HEICO worth $31,567,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Wealthfront Advisers LLC raised its holdings in HEICO by 219,129.4% in the 4th quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares during the last quarter. River Global Investors LLP bought a new position in shares of HEICO during the fourth quarter valued at $16,073,000. Fisher Asset Management LLC raised its position in 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 buying an additional 66,583 shares during the last quarter. EULAV Asset Management lifted its position in 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 purchasing an additional 51,500 shares during the period. Finally, Vantage Investment Partners LLC boosted its stake in shares of HEICO by 31.0% in the 4th quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock worth $38,127,000 after buying an additional 37,943 shares during the last quarter. Institutional investors own 27.12% of the company's stock.

Analysts Set New Price Targets

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

HEICO Price Performance

HEI traded down $2.57 on Friday, hitting $244.58. 548,199 shares of the company's stock traded hands, compared to its average volume of 460,491. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO Co. has a one year low of $196.38 and a one year high of $283.60. The company's 50 day simple moving average is $250.19 and its 200-day simple moving average is $250.76. The firm has a market cap of $33.98 billion, a price-to-earnings ratio of 66.83, a P/E/G ratio of 3.10 and a beta of 1.07.

HEICO (NYSE:HEI - Get Free Report) last issued its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.93 by $0.27. The firm had revenue of $1.03 billion during 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%. As a group, research analysts anticipate that HEICO Co. will post 4.2 EPS for the current year.

About HEICO

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.