Intrinsic Edge Capital Management LLC Has $7.84 Million Stock Holdings in HEICO Co. (NYSE:HEI)

Intrinsic Edge Capital Management LLC increased its stake in shares of HEICO Co. (NYSE:HEI - Free Report) by 43.5% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,983 shares of the aerospace company's stock after acquiring 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 SEC.

Several other large investors have also recently bought and sold shares of HEI. Compass Financial Services Inc bought a new stake in shares of HEICO in the 4th quarter valued at about $26,000. Berbice Capital Management LLC acquired a new position in HEICO during the fourth quarter worth approximately $95,000. SBI Securities Co. Ltd. bought a new stake in HEICO in the fourth quarter valued at approximately $135,000. Householder Group Estate & Retirement Specialist LLC lifted its position in shares of HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after buying an additional 543 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its stake in shares of HEICO by 252.7% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock worth $158,000 after acquiring an additional 475 shares during the period. 27.12% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. KeyCorp began coverage on HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating on the stock. Wells Fargo & Company assumed coverage on shares of HEICO in a research report on Tuesday, April 15th. They issued an "equal weight" rating and a $244.00 price objective on the stock. Truist Financial cut their target price on shares of HEICO from $294.00 to $277.00 and set a "buy" rating for the company in a research note on Thursday, April 17th. Finally, William Blair reissued an "outperform" rating on shares of HEICO in a report on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $267.36.

HEICO Price Performance

Shares of HEI stock traded up $2.45 during trading on Tuesday, hitting $249.85. The company had a trading volume of 374,836 shares, compared to its average volume of 465,272. The stock's 50-day moving average price is $252.77 and its 200 day moving average price is $249.89. HEICO Co. has a one year low of $205.82 and a one year 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 firm has a market capitalization of $34.72 billion, a P/E ratio of 68.26, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07.

HEICO (NYSE:HEI - Get Free Report) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.27. The firm 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%. Equities analysts expect that HEICO Co. will post 4.2 EPS for the current fiscal year.

Insider Buying and Selling at HEICO

In related news, Director Julie Neitzel sold 700 shares of the stock in a transaction that occurred on Thursday, April 24th. The shares were sold at an average price of $246.23, for a total transaction of $172,361.00. Following the sale, the director now owns 418 shares in the company, valued at approximately $102,924.14. This trade represents a 62.61 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Alan Schriesheim sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the transaction, the director now owns 157,197 shares of the company's stock, valued at approximately $37,659,685.29. This 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.

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.