Bain Capital Public Equity Management II LLC Purchases New Holdings in HEICO Co. (NYSE:HEI)

Bain Capital Public Equity Management II LLC acquired a new position in shares of HEICO Co. (NYSE:HEI) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 464,806 shares of the aerospace company’s stock, valued at approximately $110,503,000. HEICO accounts for approximately 5.0% of Bain Capital Public Equity Management II LLC’s portfolio, making the stock its 8th largest position. Bain Capital Public Equity Management II LLC owned 0.33% of HEICO at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. World Investment Advisors LLC bought a new position in HEICO in the third quarter valued at approximately $315,000. Tidal Investments LLC increased its stake in shares of HEICO by 7.9% in the 3rd quarter. Tidal Investments LLC now owns 1,557 shares of the aerospace company’s stock valued at $407,000 after purchasing an additional 114 shares during the last quarter. Synovus Financial Corp raised its holdings in shares of HEICO by 31.7% during the 3rd quarter. Synovus Financial Corp now owns 1,975 shares of the aerospace company’s stock worth $516,000 after buying an additional 475 shares in the last quarter. Everence Capital Management Inc. bought a new stake in shares of HEICO during the 4th quarter worth $1,681,000. Finally, West Oak Capital LLC boosted its stake in HEICO by 2,400.0% in the fourth quarter. West Oak Capital LLC now owns 2,750 shares of the aerospace company’s stock valued at $654,000 after buying an additional 2,640 shares in the last quarter. 27.12% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HEICO

In related news, 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 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. The trade was a 24.13 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Julie Neitzel sold 700 shares of the company’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 directly owns 418 shares in the company, valued at $102,924.14. This trade represents a 62.61 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 9.55% of the company’s stock.

HEICO Stock Up 2.0 %

Shares of NYSE:HEI opened at $262.31 on Friday. The business has a fifty day simple moving average of $255.00 and a 200 day simple moving average of $249.72. HEICO Co. has a 12-month low of $207.82 and a 12-month high of $283.60. The firm has a market cap of $36.45 billion, a P/E ratio of 71.67, a P/E/G ratio of 3.10 and a beta of 1.07. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last posted its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.27. The company had revenue of $1.03 billion for the quarter, compared to analyst estimates of $983.10 million. HEICO had a return on equity of 14.63% and a net margin of 13.33%. Analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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