ClearAlpha Technologies LP Buys Shares of 1,516 HEICO Co. (NYSE:HEI)

ClearAlpha Technologies LP acquired a new stake in HEICO Co. (NYSE:HEI - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,516 shares of the aerospace company's stock, valued at approximately $360,000.

A number of other large investors have also bought and sold shares of the company. Wealthfront Advisers LLC lifted its position in shares of HEICO by 219,129.4% during the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company's stock worth $5,285,970,000 after acquiring an additional 22,224,106 shares in the last quarter. River Global Investors LLP purchased a new position in HEICO during the 4th quarter valued at about $16,073,000. Fisher Asset Management LLC increased its position in shares of HEICO by 19.1% during the fourth quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company's stock valued at $98,791,000 after buying an additional 66,583 shares during the period. EULAV Asset Management boosted its position in shares of HEICO by 12.8% in the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock valued at $107,861,000 after acquiring an additional 51,500 shares during the period. Finally, Vantage Investment Partners LLC grew its stake in HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock valued at $38,127,000 after acquiring an additional 37,943 shares in the last quarter. 27.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

HEI has been the subject of a number of research analyst reports. Wells Fargo & Company started coverage on shares of HEICO in a report on Tuesday, April 15th. They set an "equal weight" rating and a $244.00 price objective for the company. William Blair reiterated an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Truist Financial lowered their price objective on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a report on Thursday, April 17th. Finally, KeyCorp assumed coverage on shares of HEICO in a research report on Thursday, January 16th. They issued a "sector weight" rating on the stock. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $267.36.

Insider Transactions at HEICO

In other news, Director Alan Schriesheim sold 50,000 shares of the business's 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 transaction, the director now directly owns 157,197 shares in the company, valued at approximately $37,659,685.29. The trade was a 24.13 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 9.55% of the company's stock.

HEICO Stock Up 1.9 %

Shares of NYSE HEI traded up $4.50 during mid-day trading on Thursday, reaching $247.20. The company had a trading volume of 421,532 shares, compared to its average volume of 463,365. The stock has a market cap of $34.35 billion, a P/E ratio of 67.54, a PEG ratio of 3.10 and a beta of 1.07. The firm has a 50 day simple moving average of $251.70 and a two-hundred day simple moving average of $250.23. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. HEICO Co. has a 52-week low of $201.81 and a 52-week high of $283.60.

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

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.