HEICO Co. (NYSE:HEI) Shares Sold by Eos Management L.P.

Eos Management L.P. trimmed its stake in shares of HEICO Co. (NYSE:HEI) by 8.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,158 shares of the aerospace company’s stock after selling 620 shares during the period. HEICO comprises about 0.6% of Eos Management L.P.’s holdings, making the stock its 28th biggest position. Eos Management L.P.’s holdings in HEICO were worth $1,280,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Federated Hermes Inc. grew its stake in HEICO by 8.3% in the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock valued at $101,438,000 after acquiring an additional 43,509 shares during the last quarter. Mar Vista Investment Partners LLC grew its position in shares of HEICO by 22.8% in the third quarter. Mar Vista Investment Partners LLC now owns 261,257 shares of the aerospace company’s stock valued at $42,305,000 after purchasing an additional 48,447 shares during the last quarter. EULAV Asset Management grew its position in shares of HEICO by 50.9% in the third quarter. EULAV Asset Management now owns 233,593 shares of the aerospace company’s stock valued at $37,826,000 after purchasing an additional 78,779 shares during the last quarter. Kingdon Capital Management L.L.C. increased its stake in shares of HEICO by 12.5% during the 3rd quarter. Kingdon Capital Management L.L.C. now owns 90,000 shares of the aerospace company’s stock worth $14,574,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Marsico Capital Management LLC raised its position in shares of HEICO by 12.1% during the 3rd quarter. Marsico Capital Management LLC now owns 81,096 shares of the aerospace company’s stock worth $13,132,000 after purchasing an additional 8,772 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Trading Down 0.2 %

NYSE:HEI traded down $0.36 during mid-day trading on Friday, reaching $206.46. The company’s stock had a trading volume of 298,597 shares, compared to its average volume of 370,989. HEICO Co. has a twelve month low of $153.63 and a twelve month high of $209.65. The company’s fifty day simple moving average is $192.77 and its two-hundred day simple moving average is $180.63. 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 stock has a market cap of $28.57 billion, a P/E ratio of 67.47, a P/E/G ratio of 3.35 and a beta of 1.16.

HEICO (NYSE:HEI) last released its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HEICO had a net margin of 13.11% and a return on equity of 14.35%. The business had revenue of $896.36 million for the quarter, compared to analysts’ expectations of $891.32 million. During the same period last year, the company earned $0.67 earnings per share. The company’s quarterly revenue was up 44.4% on a year-over-year basis. On average, equities analysts predict that HEICO Co. will post 3.47 EPS for the current year.

Analysts Set New Price Targets

HEI has been the subject of several recent research reports. Stifel Nicolaus raised their price target on HEICO from $210.00 to $215.00 and gave the stock a “buy” rating in a research report on Tuesday, April 9th. 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 upgraded shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, January 25th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $204.50.

Insider Activity

In related news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction 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 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 available at this link. In other news, Director Frank J. Schwitter sold 400 shares of the business’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 sale, 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 can be accessed through the SEC website. Also, Director Alan Schriesheim sold 26,000 shares of the firm’s stock in a transaction that occurred 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 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.

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.