Semanteon Capital Management LP Invests $304,000 in HEICO Co. (NYSE:HEI)

Semanteon Capital Management LP acquired a new stake in HEICO Co. (NYSE:HEI) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 1,701 shares of the aerospace company’s stock, valued at approximately $304,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Federated Hermes Inc. grew its position in HEICO by 8.3% during the fourth 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 raised its stake in shares of HEICO by 22.8% during the 3rd quarter. Mar Vista Investment Partners LLC now owns 261,257 shares of the aerospace company’s stock worth $42,305,000 after buying an additional 48,447 shares during the last quarter. EULAV Asset Management boosted its position 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 worth $37,826,000 after buying an additional 78,779 shares in the last quarter. Kingdon Capital Management L.L.C. grew its stake in HEICO by 12.5% in 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 acquiring an additional 10,000 shares during the last quarter. Finally, Marsico Capital Management LLC grew its stake in HEICO by 12.1% in the 3rd quarter. Marsico Capital Management LLC now owns 81,096 shares of the aerospace company’s stock valued at $13,132,000 after acquiring an additional 8,772 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Insiders Place Their Bets

In other news, Director Alan Schriesheim sold 26,000 shares of the business’s stock in a transaction 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 transaction, the director now owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Frank J. Schwitter sold 400 shares of the stock in a transaction dated 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 transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Alan Schriesheim sold 26,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 155,862 shares of the company’s stock, valued at $29,953,559.16. The disclosure for this sale can be found here. 8.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on HEI shares. Royal Bank of Canada lifted their target price on shares of HEICO from $210.00 to $225.00 and gave the stock 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 upped their price objective on HEICO from $210.00 to $215.00 and gave the company a “buy” rating in a research report on Tuesday, April 9th. One 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. Based on data from MarketBeat, HEICO currently has an average rating of “Moderate Buy” and a consensus target price of $204.50.

HEICO Stock Performance

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 business’s 50-day simple moving average is $192.77 and its 200-day simple moving average is $180.63. The firm has a market capitalization 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.

HEICO (NYSE:HEI) last posted its quarterly earnings data 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. The company had revenue of $896.36 million for the quarter, compared to the consensus estimate of $891.32 million. HEICO had a return on equity of 14.35% and a net margin of 13.11%. HEICO’s revenue for the quarter was up 44.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.67 EPS. Equities analysts predict that HEICO Co. will post 3.47 EPS for the current year.

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.