Virtus ETF Advisers LLC Increases Position in HEICO Co. (NYSE:HEI)

Virtus ETF Advisers LLC grew its holdings in HEICO Co. (NYSE:HEI) by 22.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,631 shares of the aerospace company’s stock after purchasing an additional 851 shares during the quarter. Virtus ETF Advisers LLC’s holdings in HEICO were worth $1,101,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wealthfront Advisers LLC lifted its position in HEICO by 219,129.4% during the fourth quarter. Wealthfront Advisers LLC now owns 22,234,248 shares of the aerospace company’s stock worth $5,285,970,000 after buying an additional 22,224,106 shares in the last quarter. EULAV Asset Management raised its holdings in shares of HEICO by 12.8% during the 4th quarter. EULAV Asset Management now owns 453,693 shares of the aerospace company’s stock worth $107,861,000 after acquiring an additional 51,500 shares during the period. Fisher Asset Management LLC boosted its position in shares of HEICO by 19.1% during the 4th quarter. Fisher Asset Management LLC now owns 415,542 shares of the aerospace company’s stock valued at $98,791,000 after acquiring an additional 66,583 shares during the last quarter. Vantage Investment Partners LLC grew its holdings in shares of HEICO by 31.0% in the fourth quarter. Vantage Investment Partners LLC now owns 160,373 shares of the aerospace company’s stock valued at $38,127,000 after purchasing an additional 37,943 shares during the period. Finally, Azimuth Capital Investment Management LLC increased its position in HEICO by 0.7% during the fourth quarter. Azimuth Capital Investment Management LLC now owns 100,810 shares of the aerospace company’s stock worth $23,967,000 after purchasing an additional 718 shares during the last quarter. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other HEICO news, Director Alan Schriesheim sold 50,000 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of $239.57, for a total transaction of $11,978,500.00. Following the sale, the director now owns 157,197 shares in the company, valued at $37,659,685.29. This represents a 24.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Julie Neitzel sold 700 shares of the stock in a transaction dated Thursday, April 24th. The shares were 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 directly owns 418 shares in the company, valued at $102,924.14. This represents a 62.61 % decrease in their position. The disclosure for this sale can be found here. 9.55% of the stock is owned by insiders.

HEICO Price Performance

HEI stock opened at $247.16 on Friday. The business’s fifty day moving average price is $252.26 and its 200 day moving average price is $250.15. HEICO Co. has a 12-month low of $205.82 and a 12-month high of $283.60. 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 company has a market capitalization of $34.34 billion, a PE ratio of 67.53, a P/E/G ratio of 3.10 and a beta of 1.07.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Wednesday, February 26th. The aerospace company reported $1.20 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. On average, sell-side analysts anticipate that HEICO Co. will post 4.2 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on HEI shares. KeyCorp began coverage on shares of HEICO in a report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Truist Financial decreased 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. Wells Fargo & Company started coverage on HEICO in a research report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 price objective for the company. Finally, William Blair restated an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Five investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $267.36.

About HEICO

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.