Private Advisor Group LLC Has $2.23 Million Stake in HEICO Co. (NYSE:HEI)

Private Advisor Group LLC boosted its stake in shares of HEICO Co. (NYSE:HEIFree Report) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,456 shares of the aerospace company’s stock after buying an additional 81 shares during the quarter. Private Advisor Group LLC’s holdings in HEICO were worth $2,228,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. lifted its holdings in HEICO by 8.3% during the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock worth $101,438,000 after buying an additional 43,509 shares during the period. Wolverine Asset Management LLC lifted its holdings in HEICO by 114.3% during the 3rd quarter. Wolverine Asset Management LLC now owns 15,000 shares of the aerospace company’s stock worth $2,429,000 after buying an additional 8,000 shares during the period. Azimuth Capital Investment Management LLC acquired a new position in HEICO during the 3rd quarter worth about $6,908,000. Dynamo Internacional Gestao DE Recursos LTDA. raised its position in shares of HEICO by 27.3% in the 3rd quarter. Dynamo Internacional Gestao DE Recursos LTDA. now owns 80,726 shares of the aerospace company’s stock worth $13,072,000 after acquiring an additional 17,323 shares in the last quarter. Finally, GSA Capital Partners LLP bought a new position in shares of HEICO in the 3rd quarter worth about $705,000. 27.12% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

HEI has been the subject of several research analyst reports. Stifel Nicolaus lifted their price objective on HEICO from $215.00 to $230.00 and gave the stock a “buy” rating in a research report on Monday, May 6th. Royal Bank of Canada lifted their price objective on HEICO from $210.00 to $225.00 and gave the stock an “outperform” rating in a research report on Monday, February 26th. Finally, Bank of America raised HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price objective for the company in a research report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $206.00.

Read Our Latest Research Report on HEICO

HEICO Stock Performance

Shares of HEICO stock opened at $215.44 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. The business has a 50-day simple moving average of $195.84 and a 200 day simple moving average of $184.04. The firm has a market capitalization of $29.81 billion, a price-to-earnings ratio of 70.41, a PEG ratio of 3.48 and a beta of 1.11. HEICO Co. has a one year low of $153.63 and a one year high of $216.86.

HEICO (NYSE:HEIGet Free Report) last issued 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. The firm had revenue of $896.36 million during the quarter, compared to analyst estimates of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The company’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 EPS. On average, research analysts anticipate that HEICO Co. will post 3.47 earnings per share for the current fiscal year.

HEICO Profile

(Free Report)

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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Institutional Ownership by Quarter for HEICO (NYSE:HEI)

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