Nebula Research & Development LLC Makes New $828,000 Investment in HEICO Co. (NYSE:HEI)

Nebula Research & Development LLC acquired a new stake in HEICO Co. (NYSE:HEI) in the fourth quarter, HoldingsChannel reports. The firm acquired 3,481 shares of the aerospace company’s stock, valued at approximately $828,000.

Several other institutional investors and hedge funds have also modified their holdings of HEI. World Investment Advisors LLC acquired a new position in HEICO in the 3rd quarter valued at $315,000. Tidal Investments LLC increased its stake in HEICO by 7.9% in the third 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 lifted its position in HEICO by 31.7% during the third quarter. Synovus Financial Corp now owns 1,975 shares of the aerospace company’s stock worth $516,000 after buying an additional 475 shares during the period. Legacy Wealth Management LLC MS acquired a new stake in HEICO in the 3rd quarter worth about $214,000. Finally, Everence Capital Management Inc. purchased a new stake in HEICO in the 4th quarter valued at about $1,681,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Insider Activity at HEICO

In related news, Director Alan Schriesheim sold 50,000 shares of the stock in a transaction dated 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 completion of the transaction, the director now owns 157,197 shares of the company’s stock, valued at approximately $37,659,685.29. This represents a 24.13 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Julie Neitzel sold 700 shares of HEICO stock in a transaction that occurred on Thursday, April 24th. The stock was sold at an average price of $246.23, for a total value of $172,361.00. Following the sale, the director now owns 418 shares in the company, valued at $102,924.14. This represents a 62.61 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 9.55% of the company’s stock.

HEICO Price Performance

Shares of NYSE HEI opened at $247.16 on Monday. The company has a market capitalization of $34.34 billion, a price-to-earnings ratio of 67.53, a PEG ratio of 3.10 and a beta of 1.07. The company has a debt-to-equity ratio of 0.60, a current ratio of 3.11 and a quick ratio of 1.34. HEICO Co. has a 1-year low of $205.82 and a 1-year high of $283.60. The business has a 50-day moving average of $252.26 and a 200-day moving average of $250.01.

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

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Wells Fargo & Company assumed coverage on shares of HEICO in a research report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 target price on the stock. Truist Financial lowered their price objective on shares of HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a research note on Thursday, April 17th. KeyCorp initiated coverage on HEICO in a research report on Thursday, January 16th. They issued a “sector weight” rating on the stock. Finally, William Blair reiterated an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Five analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, HEICO has an average rating of “Moderate Buy” and an average target price 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.