Semanteon Capital Management LP Buys Shares of 1,701 HEICO Co. (NYSE:HEI)

Semanteon Capital Management LP acquired a new position in shares of HEICO Co. (NYSE:HEI) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 1,701 shares of the aerospace company’s stock, valued at approximately $304,000.

A number of other large investors also recently modified their holdings of the company. Federated Hermes Inc. boosted its position in HEICO by 8.3% during the 4th quarter. Federated Hermes Inc. now owns 567,103 shares of the aerospace company’s stock worth $101,438,000 after buying an additional 43,509 shares during the period. Mar Vista Investment Partners LLC boosted its position in HEICO by 22.8% during the third quarter. Mar Vista Investment Partners LLC now owns 261,257 shares of the aerospace company’s stock valued at $42,305,000 after acquiring an additional 48,447 shares during the last quarter. EULAV Asset Management lifted its stake in shares of HEICO by 50.9% in the 3rd quarter. EULAV Asset Management now owns 233,593 shares of the aerospace company’s stock valued at $37,826,000 after purchasing an additional 78,779 shares during the period. Kingdon Capital Management L.L.C. boosted its position in shares of HEICO by 12.5% during the 3rd quarter. Kingdon Capital Management L.L.C. now owns 90,000 shares of the aerospace company’s stock valued at $14,574,000 after purchasing an additional 10,000 shares in the last quarter. Finally, Marsico Capital Management LLC grew its stake in HEICO by 12.1% during the third quarter. Marsico Capital Management LLC now owns 81,096 shares of the aerospace company’s stock worth $13,132,000 after purchasing an additional 8,772 shares during the period. 27.12% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on HEI. Royal Bank of Canada boosted 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. Bank of America upgraded HEICO from a “neutral” rating to a “buy” rating and set a $220.00 target price on the stock in a report on Thursday, January 25th. Finally, Stifel Nicolaus raised their price objective on shares of HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research note on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $204.50.

HEICO Trading Down 0.2 %

NYSE:HEI opened at $206.46 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 $209.65. The company has a market cap of $28.57 billion, a P/E ratio of 67.47, a P/E/G ratio of 3.38 and a beta of 1.16. The stock’s fifty day moving average price is $192.77 and its two-hundred day moving average price is $180.63.

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

Insider Transactions at HEICO

In other news, Director Frank J. Schwitter sold 400 shares of the business’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total value 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 available at this hyperlink. In related news, Director Alan Schriesheim sold 26,000 shares of the firm’s stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $192.18, for a total value of $4,996,680.00. Following the transaction, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank J. Schwitter sold 400 shares of the company’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $193.70, for a total value of $77,480.00. Following the completion of the sale, 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. Insiders own 8.10% of the company’s stock.

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.