Two Sigma Securities LLC Purchases Shares of 1,514 HEICO Co. (NYSE:HEI)

Two Sigma Securities LLC purchased a new position in shares of HEICO Co. (NYSE:HEI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,514 shares of the aerospace company's stock, valued at approximately $360,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC boosted its holdings in HEICO by 5.0% in the 4th quarter. Sequoia Financial Advisors LLC now owns 973 shares of the aerospace company's stock worth $231,000 after acquiring an additional 46 shares during the period. Moran Wealth Management LLC boosted its stake in HEICO by 1.9% in the fourth quarter. Moran Wealth Management LLC now owns 2,687 shares of the aerospace company's stock valued at $639,000 after acquiring an additional 51 shares during the period. United Capital Financial Advisors LLC boosted its position in HEICO by 5.7% during the 4th quarter. United Capital Financial Advisors LLC now owns 1,043 shares of the aerospace company's stock valued at $248,000 after purchasing an additional 56 shares during the period. Moody Lynn & Lieberson LLC boosted its holdings in shares of HEICO by 1.6% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 4,251 shares of the aerospace company's stock valued at $1,011,000 after acquiring an additional 65 shares during the period. Finally, Bradley Foster & Sargent Inc. CT grew its position in HEICO by 2.4% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 2,805 shares of the aerospace company's stock worth $667,000 after purchasing an additional 67 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company's stock.

HEICO Stock Up 2.0 %

HEICO stock traded up $5.12 during mid-day trading on Friday, hitting $262.31. 418,954 shares of the company's stock were exchanged, compared to its average volume of 467,219. The stock has a 50 day moving average of $255.00 and a two-hundred day moving average of $249.72. 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 1-year low of $207.82 and a 1-year high of $283.60. The stock has a market cap of $36.45 billion, a P/E ratio of 71.67, a P/E/G ratio of 3.10 and a beta of 1.07.

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. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion for the quarter, compared to the consensus estimate of $983.10 million. As a group, analysts anticipate that HEICO Co. will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Julie Neitzel sold 700 shares of the 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 owns 418 shares in the company, valued at approximately $102,924.14. This trade represents a 62.61 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $11,978,500.00. Following the sale, the director now directly owns 157,197 shares in the company, valued at approximately $37,659,685.29. This trade represents a 24.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 9.55% of the company's stock.

Analyst Ratings Changes

HEI has been the subject of several recent analyst reports. Truist Financial decreased their price target on HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. KeyCorp started coverage on HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating for the company. Wells Fargo & Company initiated coverage on shares of HEICO in a report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 target price for the company. Finally, William Blair reiterated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $267.36.

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.