Cinctive Capital Management LP Acquires New Shares in HEICO Co. (NYSE:HEI)

Cinctive Capital Management LP bought a new position in HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,700 shares of the aerospace company's stock, valued at approximately $404,000.

Other hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc purchased a new position in shares of HEICO in the fourth quarter valued at about $26,000. Berbice Capital Management LLC bought a new stake in shares of HEICO in the fourth quarter worth about $95,000. SBI Securities Co. Ltd. purchased a new position in HEICO during the 4th quarter valued at about $135,000. Householder Group Estate & Retirement Specialist LLC raised its position in HEICO by 476.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after purchasing an additional 543 shares during the last quarter. Finally, Legacy Wealth Management LLC MS purchased a new stake in HEICO in the 3rd quarter worth approximately $214,000. 27.12% of the stock is owned by hedge funds and other institutional investors.

HEICO Stock Up 1.7 %

Shares of HEICO stock traded up $3.96 during midday trading on Tuesday, hitting $240.40. The company had a trading volume of 291,534 shares, compared to its average volume of 451,171. HEICO Co. has a 52-week low of $185.03 and a 52-week high of $283.60. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The stock has a market capitalization of $33.40 billion, a P/E ratio of 65.82, a P/E/G ratio of 3.10 and a beta of 1.07. The company has a 50 day moving average of $247.55 and a 200 day moving average of $251.72.

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HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.27. The firm had revenue of $1.03 billion for the quarter, compared to analysts' expectations of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. On average, equities analysts predict that HEICO Co. will post 4.2 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on HEI shares. KeyCorp assumed coverage on HEICO in a research note on Thursday, January 16th. They set a "sector weight" rating on the stock. Truist Financial raised their target price on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a research report on Wednesday, March 5th. William Blair reiterated an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on shares of HEICO from $271.00 to $266.00 and set a "buy" rating for the company in a report on Thursday, December 19th. Four investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $271.40.

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.