Jennison Associates LLC Sells 137 Shares of HEICO Co. (NYSE:HEI)

Jennison Associates LLC lowered its stake in HEICO Co. (NYSE:HEI) by 0.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 284,852 shares of the aerospace company’s stock after selling 137 shares during the quarter. Jennison Associates LLC owned about 0.21% of HEICO worth $50,951,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Beaumont Financial Advisors LLC purchased a new stake in HEICO in the 4th quarter worth $200,000. Federated Hermes Inc. lifted its stake in HEICO by 8.3% in the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock worth $101,438,000 after purchasing an additional 43,509 shares in the last quarter. Duncker Streett & Co. Inc. lifted its stake in HEICO by 5.2% in the 4th quarter. Duncker Streett & Co. Inc. now owns 41,981 shares of the aerospace company’s stock worth $7,509,000 after purchasing an additional 2,067 shares in the last quarter. Desjardins Global Asset Management Inc. raised its position in shares of HEICO by 7.9% during the 4th quarter. Desjardins Global Asset Management Inc. now owns 1,465 shares of the aerospace company’s stock valued at $262,000 after buying an additional 107 shares in the last quarter. Finally, Sequoia Financial Advisors LLC purchased a new stake in shares of HEICO during the 4th quarter valued at about $202,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

HEICO Trading Up 2.7 %

NYSE HEI opened at $204.80 on Wednesday. The company’s 50-day simple moving average is $192.03 and its two-hundred day simple moving average is $179.99. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.40 and a current ratio of 3.17. HEICO Co. has a one year low of $153.63 and a one year high of $206.34. The company has a market capitalization of $28.34 billion, a price-to-earnings ratio of 66.93, a price-to-earnings-growth ratio of 3.26 and a beta of 1.16.

HEICO (NYSE:HEI) last released its earnings results on Monday, February 26th. The aerospace company reported $0.82 EPS for the quarter, topping analysts’ consensus estimates of $0.74 by $0.08. The company had revenue of $896.36 million during the quarter, compared to analysts’ expectations of $891.32 million. HEICO had a net margin of 13.11% and a return on equity of 14.35%. HEICO’s revenue for the quarter was up 44.4% on a year-over-year basis. During the same period last year, the business earned $0.67 EPS. Equities analysts forecast 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 HEICO stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now directly owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other HEICO news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total transaction of $4,996,680.00. Following the completion of the sale, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the transaction, the director now owns 1,255 shares of the company’s stock, valued at $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

HEI has been the topic of several recent research reports. Bank of America upgraded shares of HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a research report on Thursday, January 25th. Royal Bank of Canada upped their target price on shares of 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 shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $204.50.

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.