Intrinsic Edge Capital Management LLC Buys 10,000 Shares of HEICO Co. (NYSE:HEI)

Intrinsic Edge Capital Management LLC raised its stake in shares of HEICO Co. (NYSE:HEI) by 43.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,983 shares of the aerospace company’s stock after purchasing an additional 10,000 shares during the period. Intrinsic Edge Capital Management LLC’s holdings in HEICO were worth $7,841,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in HEI. World Investment Advisors LLC purchased a new stake in HEICO during the third quarter valued at $315,000. Tidal Investments LLC raised its position in shares of HEICO by 7.9% during the 3rd quarter. Tidal Investments LLC now owns 1,557 shares of the aerospace company’s stock valued at $407,000 after buying an additional 114 shares in the last quarter. Synovus Financial Corp lifted its holdings in shares of HEICO by 31.7% in the 3rd quarter. Synovus Financial Corp now owns 1,975 shares of the aerospace company’s stock valued at $516,000 after acquiring an additional 475 shares during the last quarter. Legacy Wealth Management LLC MS purchased a new position in HEICO in the third quarter worth about $214,000. Finally, Everence Capital Management Inc. bought a new stake in HEICO during the fourth quarter worth approximately $1,681,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently weighed in on HEI. Wells Fargo & Company initiated coverage on HEICO in a research report on Tuesday, April 15th. They set an “equal weight” rating and a $244.00 target price on the stock. Truist Financial reduced their target price on shares of HEICO from $294.00 to $277.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. William Blair reiterated an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Finally, KeyCorp assumed coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a “sector weight” rating for the company. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, HEICO currently has an average rating of “Moderate Buy” and an average price target of $267.36.

HEICO Trading Down 0.0 %

Shares of NYSE:HEI opened at $247.16 on Friday. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The company has a market capitalization of $34.34 billion, a PE ratio of 67.53, a P/E/G ratio of 3.10 and a beta of 1.07. HEICO Co. has a 12-month low of $205.82 and a 12-month high of $283.60. The business’s fifty day simple moving average is $252.26 and its 200-day simple moving average is $250.15.

HEICO (NYSE:HEI) last released 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 net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. As a group, equities research analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Insider Transactions at HEICO

In other news, Director Julie Neitzel sold 700 shares of the company’s stock in a transaction dated Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the transaction, the director now owns 418 shares in the company, valued at $102,924.14. This represents a 62.61 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Alan Schriesheim sold 50,000 shares of HEICO stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the completion of the sale, the director now owns 157,197 shares of the company’s stock, valued at $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.

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.