9,961 Shares in HEICO Co. (NYSE:HEI) Bought by Postrock Partners LLC

Postrock Partners LLC bought a new position in HEICO Co. (NYSE:HEI - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,961 shares of the aerospace company's stock, valued at approximately $2,368,000. HEICO accounts for approximately 1.1% of Postrock Partners LLC's holdings, making the stock its 16th biggest position.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Wealthfront Advisers LLC boosted its holdings 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 purchasing an additional 22,224,106 shares during the period. EULAV Asset Management boosted its holdings in shares of HEICO by 12.8% during the fourth quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company's stock worth $107,861,000 after purchasing an additional 51,500 shares during the period. Fisher Asset Management LLC boosted its holdings 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 worth $98,791,000 after purchasing an additional 66,583 shares during the period. Two Sigma Advisers LP boosted its holdings in shares of HEICO by 3.7% during the third quarter. Two Sigma Advisers LP now owns 362,878 shares of the aerospace company's stock worth $94,885,000 after purchasing an additional 13,100 shares during the period. Finally, Vantage Investment Partners LLC boosted its holdings in shares of HEICO by 31.0% during the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company's stock worth $38,127,000 after purchasing an additional 37,943 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Several analysts recently commented on HEI shares. Truist Financial raised their price target on shares of HEICO from $282.00 to $294.00 and gave the stock a "buy" rating in a report on Wednesday, March 5th. Deutsche Bank Aktiengesellschaft decreased their price target 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. Finally, KeyCorp began coverage on shares of HEICO in a research note on Thursday, January 16th. They issued a "sector weight" rating for the company. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company's stock. According to MarketBeat.com, HEICO has a consensus rating of "Moderate Buy" and a consensus price target of $271.40.

HEICO Stock Performance

Shares of NYSE:HEI traded up $0.60 during trading on Tuesday, reaching $260.85. The stock had a trading volume of 331,000 shares, compared to its average volume of 427,951. HEICO Co. has a 52 week low of $185.03 and a 52 week high of $283.60. The firm has a market capitalization of $36.24 billion, a price-to-earnings ratio of 71.27, a P/E/G ratio of 3.10 and a beta of 1.26. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. The stock has a fifty day simple moving average of $238.64 and a two-hundred day simple moving average of $251.06.

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

About HEICO

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.