Centiva Capital LP Sells 6,391 Shares of HEICO Co. (NYSE:HEI)

Centiva Capital LP trimmed its stake in shares of HEICO Co. (NYSE:HEI) by 70.1% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,722 shares of the aerospace company’s stock after selling 6,391 shares during the quarter. Centiva Capital LP’s holdings in HEICO were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in HEI. Tidal Investments LLC lifted its holdings in shares of HEICO by 7.9% in the third quarter. Tidal Investments LLC now owns 1,557 shares of the aerospace company’s stock worth $407,000 after buying an additional 114 shares in the last quarter. West Oak Capital LLC lifted its stake in HEICO by 2,400.0% in the 4th quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock worth $654,000 after purchasing an additional 2,640 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in HEICO by 43.9% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 4,444 shares of the aerospace company’s stock worth $1,057,000 after purchasing an additional 1,355 shares in the last quarter. Householder Group Estate & Retirement Specialist LLC boosted 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 purchasing an additional 543 shares during the period. Finally, Clear Harbor Asset Management LLC grew its position in shares of HEICO by 0.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 23,073 shares of the aerospace company’s stock valued at $5,485,000 after purchasing an additional 217 shares in the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wells Fargo & Company started coverage on HEICO in a research note 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. Truist Financial decreased their price objective on shares of HEICO from $294.00 to $277.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. Finally, KeyCorp started coverage on shares of HEICO in a research report on Thursday, January 16th. They set a “sector weight” rating for the company. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.36.

Insider Activity

In other HEICO news, Director Julie Neitzel sold 700 shares of the stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the completion of 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 the SEC website. 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 value of $11,978,500.00. Following the transaction, the director now directly 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. Insiders own 9.55% of the company’s stock.

HEICO Price Performance

Shares of NYSE:HEI opened at $268.19 on Friday. 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 market cap of $37.26 billion, a PE ratio of 73.28, a PEG ratio of 3.10 and a beta of 1.05. The company’s fifty day moving average is $255.93 and its 200 day moving average is $249.92. HEICO Co. has a 52 week low of $208.44 and a 52 week high of $283.60.

HEICO (NYSE:HEI) last released its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for 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%. Research analysts anticipate 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.