Janiczek Wealth Management LLC Cuts Stock Position in HEICO Co. (NYSE:HEI)

Janiczek Wealth Management LLC lessened its stake in HEICO Co. (NYSE:HEI) by 12.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 392 shares of the aerospace company’s stock after selling 55 shares during the quarter. Janiczek Wealth Management LLC’s holdings in HEICO were worth $70,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in HEI. Lazard Asset Management LLC grew its stake in HEICO by 3,192.9% in the first quarter. Lazard Asset Management LLC now owns 1,138,939 shares of the aerospace company’s stock valued at $174,872,000 after purchasing an additional 1,104,351 shares during the last quarter. Select Equity Group L.P. purchased a new stake in shares of HEICO during the first quarter worth about $85,710,000. Balyasny Asset Management L.P. grew its stake in shares of HEICO by 336.7% during the first quarter. Balyasny Asset Management L.P. now owns 348,363 shares of the aerospace company’s stock worth $59,584,000 after acquiring an additional 268,584 shares during the last quarter. Wellington Management Group LLP purchased a new stake in shares of HEICO during the first quarter worth about $35,606,000. Finally, Balyasny Asset Management LLC grew its stake in shares of HEICO by 2,002.7% during the third quarter. Balyasny Asset Management LLC now owns 155,033 shares of the aerospace company’s stock worth $22,322,000 after acquiring an additional 147,660 shares during the last quarter. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Trading Down 1.0 %

Shares of HEI stock opened at $191.77 on Friday. The company has a debt-to-equity ratio of 0.75, a current ratio of 3.17 and a quick ratio of 1.40. HEICO Co. has a 1-year low of $153.63 and a 1-year high of $200.64. The company has a market cap of $26.53 billion, a price-to-earnings ratio of 62.67, a PEG ratio of 3.17 and a beta of 1.16. The stock has a 50 day simple moving average of $190.53 and a 200-day simple moving average of $177.86.

HEICO (NYSE:HEI) last posted its earnings results on Monday, February 26th. The aerospace company reported $0.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.08. HEICO had a return on equity of 14.35% and a net margin of 13.11%. The firm had revenue of $896.36 million for the quarter, compared to analyst estimates of $891.32 million. During the same quarter in the prior year, the company earned $0.67 EPS. HEICO’s revenue was up 44.4% on a year-over-year basis. On average, equities research analysts expect that HEICO Co. will post 3.47 EPS for the current fiscal year.

Insider Buying and Selling

In other HEICO news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now owns 1,255 shares of the company’s stock, valued at approximately $243,093.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Alan Schriesheim sold 26,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the sale, the director now owns 155,862 shares of the company’s stock, valued at approximately $29,953,559.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the firm’s stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the sale, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 price target on the stock in a research note on Thursday, January 25th. Morgan Stanley lowered HEICO from an “equal weight” rating to an “underweight” rating and dropped their target price for the company from $184.00 to $174.00 in a research report on Wednesday, December 20th. Truist Financial upped their target price on HEICO from $190.00 to $229.00 and gave the company a “buy” rating in a research report on Wednesday, December 20th. Royal Bank of Canada upped their target price on HEICO from $210.00 to $225.00 and gave the company an “outperform” rating in a research report on Monday, February 26th. Finally, Stifel Nicolaus upped their target price on HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, one has given a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $204.50.

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.