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

Centiva Capital LP lowered its position in HEICO Co. (NYSE:HEI) by 70.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,722 shares of the aerospace company’s stock after selling 6,391 shares during the period. Centiva Capital LP’s holdings in HEICO were worth $647,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in HEI. Compass Financial Services Inc bought a new position in HEICO in the fourth quarter worth $26,000. Banque Transatlantique SA bought a new position in shares of HEICO in the 4th quarter worth about $44,000. Berbice Capital Management LLC purchased a new position in HEICO during the 4th quarter valued at about $95,000. SBI Securities Co. Ltd. bought a new stake in HEICO during the fourth quarter worth about $135,000. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in HEICO by 476.3% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after purchasing an additional 543 shares during the period. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Price Performance

Shares of NYSE:HEI opened at $268.19 on Friday. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.34 and a current ratio of 3.11. The firm has a market cap of $37.26 billion, a price-to-earnings ratio of 73.28, a price-to-earnings-growth ratio of 3.10 and a beta of 1.05. The business has a 50-day simple moving average of $255.93 and a two-hundred day simple moving average of $249.92. HEICO Co. has a fifty-two week low of $208.44 and a fifty-two week high of $283.60.

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

Insider Transactions at HEICO

In related news, Director Alan Schriesheim sold 50,000 shares of the firm’s stock in a transaction on Tuesday, April 22nd. The stock was 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 of the company’s stock, valued at approximately $37,659,685.29. This trade represents a 24.13 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Julie Neitzel sold 700 shares of the business’s 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 sale, the director now directly owns 418 shares of the company’s stock, valued at $102,924.14. This represents a 62.61 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 9.55% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on HEI. Truist Financial lowered their target price 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. KeyCorp initiated coverage on HEICO in a research note on Thursday, January 16th. They set a “sector weight” rating for the company. Wells Fargo & Company started coverage on HEICO in a research note on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 target price on the stock. Finally, William Blair reaffirmed an “outperform” rating on shares of HEICO in a research report on Tuesday, March 25th. Five research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, HEICO presently has a consensus rating of “Moderate Buy” and a consensus 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.