2,190 Shares in HEICO Co. (NYSE:HEI) Acquired by Virtu Financial LLC

Virtu Financial LLC purchased a new position in HEICO Co. (NYSE:HEI) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 2,190 shares of the aerospace company’s stock, valued at approximately $392,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Moody Lynn & Lieberson LLC increased its position in shares of HEICO by 2.6% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock valued at $428,000 after acquiring an additional 60 shares during the period. Private Advisor Group LLC grew its stake in HEICO by 0.7% during the 4th quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock valued at $2,228,000 after purchasing an additional 81 shares during the last quarter. Desjardins Global Asset Management Inc. grew its stake in HEICO by 7.9% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,465 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 107 shares during the last quarter. Roundview Capital LLC increased its holdings in shares of HEICO by 1.0% in the third quarter. Roundview Capital LLC now owns 11,120 shares of the aerospace company’s stock valued at $1,801,000 after purchasing an additional 112 shares during the period. Finally, KPP Advisory Services LLC raised its stake in shares of HEICO by 7.0% in the fourth quarter. KPP Advisory Services LLC now owns 1,900 shares of the aerospace company’s stock worth $340,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Stock Performance

NYSE HEI opened at $228.81 on Wednesday. The stock has a market capitalization of $31.69 billion, a price-to-earnings ratio of 71.95, a PEG ratio of 3.37 and a beta of 1.21. The stock has a 50-day moving average of $211.49 and a 200 day moving average of $193.93. The company has a current ratio of 3.52, a quick ratio of 1.57 and a debt-to-equity ratio of 0.69. HEICO Co. has a twelve month low of $155.42 and a twelve month high of $229.30.

HEICO (NYSE:HEI) last announced its earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08. HEICO had a return on equity of 14.26% and a net margin of 12.62%. The business had revenue of $955.40 million during the quarter, compared to the consensus estimate of $951.24 million. During the same period in the prior year, the company posted $0.76 EPS. The business’s quarterly revenue was up 38.9% on a year-over-year basis. Sell-side analysts anticipate that HEICO Co. will post 3.53 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Frank J. Schwitter sold 400 shares of the business’s 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 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 news, Director Alan Schriesheim sold 26,000 shares of the company’s stock in a transaction on 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 owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 1,255 shares in the company, valued at $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

HEI has been the topic of several research reports. Royal Bank of Canada increased their price target on shares of HEICO from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Robert W. Baird raised their target price on shares of HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Stifel Nicolaus upped their price target on shares of HEICO from $215.00 to $230.00 and gave the company a “buy” rating in a report on Monday, May 6th. Morgan Stanley upgraded HEICO from an “underweight” rating to an “equal weight” rating and lifted their price objective for the company from $178.00 to $225.00 in a research note on Tuesday, June 4th. Finally, Truist Financial restated a “buy” rating and issued a $240.00 target price (up previously from $229.00) on shares of HEICO in a research note on Thursday, May 30th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $232.67.

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.