Snowden Capital Advisors LLC Lowers Stock Holdings in HEICO Co. (NYSE:HEI)

Snowden Capital Advisors LLC trimmed its holdings in shares of HEICO Co. (NYSE:HEI) by 74.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,748 shares of the aerospace company’s stock after selling 22,944 shares during the period. Snowden Capital Advisors LLC’s holdings in HEICO were worth $1,842,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in HEI. Hennion & Walsh Asset Management Inc. raised its holdings 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 acquiring an additional 1,355 shares during the last quarter. 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 worth $156,000 after acquiring an additional 543 shares during the last quarter. Clear Harbor Asset Management LLC raised its holdings in HEICO by 0.9% in the 4th quarter. Clear Harbor Asset Management LLC now owns 23,073 shares of the aerospace company’s stock worth $5,485,000 after acquiring an additional 217 shares during the last quarter. Simon Quick Advisors LLC purchased a new position in HEICO in the 4th quarter worth approximately $250,000. Finally, Magnus Financial Group LLC purchased a new position in HEICO in the 4th quarter worth approximately $239,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Julie Neitzel sold 700 shares of the business’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 completion of the sale, the director now owns 418 shares of the company’s stock, valued at $102,924.14. The trade was a 62.61% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Alan Schriesheim sold 50,000 shares of the business’s stock in a transaction on Tuesday, April 22nd. The shares were sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the sale, the director now directly owns 157,197 shares of the company’s stock, valued at approximately $37,659,685.29. The trade was a 24.13% decrease in their position. The disclosure for this sale can be found here. Insiders own 9.55% of the company’s stock.

HEICO Price Performance

Shares of HEI opened at $278.89 on Friday. The firm has a market cap of $38.75 billion, a PE ratio of 76.20, a P/E/G ratio of 3.10 and a beta of 1.05. The company has a current ratio of 3.11, a quick ratio of 1.34 and a debt-to-equity ratio of 0.60. The firm has a fifty day simple moving average of $256.99 and a two-hundred day simple moving average of $250.68. HEICO Co. has a 1-year low of $211.92 and a 1-year high of $283.60.

HEICO (NYSE:HEI) last announced its earnings results 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. HEICO had a net margin of 13.33% and a return on equity of 14.63%. The business had revenue of $1.03 billion during the quarter, compared to analyst estimates of $983.10 million. On average, equities analysts anticipate that HEICO Co. will post 4.2 EPS for the current year.

Wall Street Analyst Weigh In

HEI has been the subject of a number of recent analyst reports. William Blair restated an “outperform” rating on shares of HEICO in a 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 for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company initiated coverage on shares of HEICO in a report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, HEICO has a consensus rating of “Moderate Buy” and a consensus target price of $267.36.

HEICO 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.