Numerai GP LLC Has $844,000 Holdings in HEICO Co. (NYSE:HEI)

Numerai GP LLC lifted its holdings in HEICO Co. (NYSE:HEI) by 58.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,549 shares of the aerospace company’s stock after acquiring an additional 1,305 shares during the quarter. Numerai GP LLC’s holdings in HEICO were worth $844,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of HEI. Hennion & Walsh Asset Management Inc. boosted its stake in HEICO by 43.9% in the fourth 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 lifted its position in HEICO by 476.3% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after buying an additional 543 shares in the last quarter. Clear Harbor Asset Management LLC lifted its position in HEICO by 0.9% during the 4th quarter. Clear Harbor Asset Management LLC now owns 23,073 shares of the aerospace company’s stock worth $5,485,000 after buying an additional 217 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in HEICO during the 4th quarter worth about $250,000. Finally, Magnus Financial Group LLC acquired a new position in shares of HEICO during the fourth quarter worth approximately $239,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of HEICO in a research report on Tuesday, April 15th. They set an “equal weight” rating and a $244.00 target price on the stock. Truist Financial reduced their price objective on HEICO from $294.00 to $277.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. KeyCorp started coverage on HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of HEICO in a research note on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $267.36.

Insider Activity at HEICO

In related news, Director Alan Schriesheim sold 50,000 shares of the 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 sale, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Julie Neitzel sold 700 shares of the stock in a transaction on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total transaction 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 ownership of the stock. The disclosure for this sale can be found here. 9.55% of the stock is currently owned by corporate insiders.

HEICO Stock Performance

HEI stock opened at $268.79 on Thursday. The business’s fifty day moving average is $256.11 and its 200-day moving average is $250.28. 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 company has a market cap of $37.35 billion, a P/E ratio of 73.44, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. HEICO Co. has a twelve month low of $209.77 and a twelve month high of $283.60.

HEICO (NYSE:HEI) last released its earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.27. HEICO had a return on equity of 14.63% and a net margin of 13.33%. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. Equities research analysts forecast 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.