Rockefeller Capital Management L.P. Has $31.57 Million Stake in HEICO Co. (NYSE:HEI)

Rockefeller Capital Management L.P. reduced its position in HEICO Co. (NYSE:HEI - Free Report) by 1.7% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 132,781 shares of the aerospace company's stock after selling 2,239 shares during the period. Rockefeller Capital Management L.P. owned 0.10% of HEICO worth $31,567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Compass Financial Services Inc acquired a new stake in HEICO during the 4th quarter valued at $26,000. Berbice Capital Management LLC bought a new stake in shares of HEICO during the 4th quarter worth about $95,000. SBI Securities Co. Ltd. acquired a new position in HEICO in the 4th quarter valued at about $135,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company's stock valued at $156,000 after acquiring an additional 543 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its holdings in HEICO by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company's stock valued at $158,000 after acquiring an additional 475 shares during the period. Institutional investors own 27.12% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on HEI shares. Wells Fargo & Company started coverage on HEICO in a research report on Tuesday. They issued an "equal weight" rating and a $244.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of HEICO in a research report on Tuesday, March 25th. Truist Financial decreased their price target on shares of HEICO from $294.00 to $277.00 and set a "buy" rating on the stock in a research note on Thursday. KeyCorp assumed coverage on shares of HEICO in a research report on Thursday, January 16th. They set a "sector weight" rating on the stock. Finally, Deutsche Bank Aktiengesellschaft cut 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. Five equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $267.36.

HEICO Price Performance

Shares of HEI stock traded down $2.57 during trading hours on Friday, reaching $244.58. The company's stock had a trading volume of 548,199 shares, compared to its average volume of 460,022. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60. HEICO Co. has a fifty-two week low of $196.38 and a fifty-two week high of $283.60. The company has a market capitalization of $33.98 billion, a price-to-earnings ratio of 66.83, a PEG ratio of 3.10 and a beta of 1.07. The firm's 50 day simple moving average is $249.94 and its 200-day simple moving average is $250.89.

HEICO (NYSE:HEI - Get Free Report) last announced 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 return on equity of 14.63% and a net margin of 13.33%. The company had revenue of $1.03 billion during the quarter, compared to analysts' expectations of $983.10 million. Sell-side analysts forecast that HEICO Co. will post 4.2 earnings per share for the current year.

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.