AdvisorShares Investments LLC Has $7 Million Holdings in HEICO Co. (NYSE:HEI)

AdvisorShares Investments LLC reduced its stake in HEICO Co. (NYSE:HEI) by 11.1% during the fourth quarter, HoldingsChannel reports. The firm owned 29,429 shares of the aerospace company’s stock after selling 3,692 shares during the quarter. HEICO accounts for about 1.3% of AdvisorShares Investments LLC’s investment portfolio, making the stock its 23rd largest holding. AdvisorShares Investments LLC’s holdings in HEICO were worth $6,996,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Compass Financial Services Inc acquired a new position in shares of HEICO during the fourth quarter worth $26,000. Berbice Capital Management LLC acquired a new position in shares of HEICO in the fourth quarter valued at approximately $95,000. SBI Securities Co. Ltd. acquired a new stake in HEICO during the 4th quarter worth approximately $135,000. Householder Group Estate & Retirement Specialist LLC increased its position 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 lifted its holdings in shares of HEICO by 252.7% during the fourth quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company’s stock worth $158,000 after purchasing an additional 475 shares during the period. 27.12% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Julie Neitzel sold 700 shares of the firm’s stock in a transaction 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 filing with the SEC, which can be accessed through this link. Also, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction dated Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total value of $11,978,500.00. Following the transaction, the director now owns 157,197 shares in the company, valued at $37,659,685.29. This trade represents a 24.13 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on HEI shares. Wells Fargo & Company assumed coverage on HEICO in a research 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 research report on Tuesday, March 25th. 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, Truist Financial dropped their price objective on HEICO from $294.00 to $277.00 and set a “buy” rating on the stock in a research note on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, HEICO has a consensus rating of “Moderate Buy” and an average price target of $267.36.

HEICO Stock Performance

Shares of HEICO stock opened at $247.49 on Tuesday. HEICO Co. has a 12 month low of $205.82 and a 12 month high of $283.60. The firm has a market capitalization of $34.39 billion, a P/E ratio of 67.62, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The business’s fifty day simple moving average is $252.77 and its 200 day simple moving average is $249.89. 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 (NYSE:HEI) last released its quarterly earnings data 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 business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. HEICO had a net margin of 13.33% and a return on equity of 14.63%. As a group, analysts anticipate that HEICO Co. will post 4.2 EPS 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.