XTX Topco Ltd Sells 1,686 Shares of HEICO Co. (NYSE:HEI)

XTX Topco Ltd lessened its holdings in HEICO Co. (NYSE:HEI) by 30.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,800 shares of the aerospace company’s stock after selling 1,686 shares during the period. XTX Topco Ltd’s holdings in HEICO were worth $850,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in HEI. Avantax Advisory Services Inc. acquired a new position in HEICO in the fourth quarter valued at about $228,000. TrinityPoint Wealth LLC acquired a new position in HEICO during the fourth quarter valued at approximately $213,000. Assetmark Inc. lifted its stake in HEICO by 6.7% during the fourth quarter. Assetmark Inc. now owns 4,070 shares of the aerospace company’s stock worth $728,000 after purchasing an additional 256 shares during the last quarter. Team Hewins LLC acquired a new stake in shares of HEICO in the 4th quarter valued at $249,000. Finally, Roundview Capital LLC increased its stake in shares of HEICO by 13.4% in the 4th quarter. Roundview Capital LLC now owns 12,608 shares of the aerospace company’s stock valued at $2,255,000 after purchasing an additional 1,488 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Insider Buying and Selling

In other news, insider Eric A. Mendelson sold 8,864 shares of the business’s stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, Director Frank J. Schwitter bought 475 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was bought at an average cost of $252.26 per share, with a total value of $119,823.50. Following the completion of the purchase, the director now owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Eric A. Mendelson sold 8,864 shares of the company’s stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the transaction, the insider now owns 222,401 shares of the company’s stock, valued at $40,152,276.54. The disclosure for this sale can be found here. Insiders have sold a total of 82,374 shares of company stock worth $15,061,997 in the last ninety days. 8.10% of the stock is owned by insiders.

HEICO Stock Performance

Shares of HEI opened at $265.81 on Monday. The company has a market capitalization of $36.81 billion, a PE ratio of 83.59, a PEG ratio of 3.61 and a beta of 1.22. The company’s 50 day moving average price is $242.58 and its 200 day moving average price is $220.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. HEICO Co. has a 52 week low of $155.42 and a 52 week high of $265.98.

HEICO (NYSE:HEI) last released its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm’s revenue for the quarter was up 37.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.77 earnings per share. Research analysts expect that HEICO Co. will post 3.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently issued reports on HEI. Stifel Nicolaus upped their price objective on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Royal Bank of Canada raised their price target on shares of HEICO from $250.00 to $272.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Benchmark reissued a “buy” rating and issued a $245.00 target price on shares of HEICO in a research report on Tuesday, August 27th. Finally, Robert W. Baird raised their price objective on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $263.56.

HEICO 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.