HEICO Co. (NYSE:HEI) Shares Bought by nVerses Capital LLC

nVerses Capital LLC lifted its holdings in HEICO Co. (NYSE:HEI - Free Report) by 1,550.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,300 shares of the aerospace company's stock after acquiring an additional 3,100 shares during the quarter. nVerses Capital LLC's holdings in HEICO were worth $863,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Andra AP fonden acquired a new stake in HEICO during the second quarter valued at $45,000. Center for Financial Planning Inc. purchased a new position in HEICO during the second quarter worth about $52,000. American National Bank purchased a new position in HEICO during the second quarter worth about $66,000. FSC Wealth Advisors LLC purchased a new position in HEICO during the second quarter worth about $73,000. Finally, Hantz Financial Services Inc. purchased a new position in HEICO during the second quarter worth about $100,000. Institutional investors and hedge funds own 27.12% of the company's stock.

Insiders Place Their Bets

In other HEICO news, Director Alan Schriesheim sold 332 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Alan Schriesheim sold 332 shares of the business's stock in a transaction that occurred on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Eric A. Mendelson sold 20,000 shares of the business's stock in a transaction that occurred on Friday, July 26th. The stock was sold at an average price of $186.09, for a total transaction of $3,721,800.00. Following the sale, the insider now owns 148,891 shares of the company's stock, valued at $27,707,126.19. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of recent analyst reports. Royal Bank of Canada lifted their price target on shares of HEICO from $250.00 to $272.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Truist Financial lifted their price target on shares of HEICO from $248.00 to $264.00 and gave the company a "buy" rating in a research report on Wednesday, August 28th. Robert W. Baird lifted their price target on shares of HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Barclays initiated coverage on shares of HEICO in a research report on Monday, August 19th. They set an "equal weight" rating and a $250.00 price target for the company. Finally, UBS Group initiated coverage on shares of HEICO in a research report on Tuesday. They set a "neutral" rating and a $277.00 price target for the company. Three investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to data from MarketBeat.com, HEICO presently has an average rating of "Moderate Buy" and a consensus price target of $264.90.

HEICO Stock Down 0.1 %

Shares of HEI stock traded down $0.19 during trading on Thursday, reaching $264.96. The company's stock had a trading volume of 203,958 shares, compared to its average volume of 375,607. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The company has a market capitalization of $36.70 billion, a price-to-earnings ratio of 83.07, a P/E/G ratio of 3.69 and a beta of 1.22. The stock's 50-day moving average price is $254.06 and its 200 day moving average price is $229.78. HEICO Co. has a 1-year low of $155.42 and a 1-year high of $269.38.

HEICO (NYSE:HEI - Get Free Report) last posted its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The company had revenue of $992.20 million during the quarter, compared to analysts' expectations of $995.34 million. During the same quarter in the previous year, the business posted $0.77 EPS. The firm's revenue was up 37.3% on a year-over-year basis. On average, research analysts anticipate that HEICO Co. will post 3.66 EPS 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.