Coldstream Capital Management Inc. Cuts Stock Position in HEICO Co. (NYSE:HEI)

Coldstream Capital Management Inc. decreased its stake in shares of HEICO Co. (NYSE:HEI) by 21.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,356 shares of the aerospace company’s stock after selling 363 shares during the quarter. Coldstream Capital Management Inc.’s holdings in HEICO were worth $322,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in HEI. Compass Financial Services Inc bought a new position in HEICO in the 4th quarter worth about $26,000. Berbice Capital Management LLC purchased a new stake in shares of HEICO during the fourth quarter valued at approximately $95,000. SBI Securities Co. Ltd. bought a new stake in shares of HEICO during the fourth quarter valued at approximately $135,000. Householder Group Estate & Retirement Specialist LLC raised its holdings in HEICO by 476.3% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 657 shares of the aerospace company’s stock worth $156,000 after acquiring an additional 543 shares during the last quarter. Finally, Aster Capital Management DIFC Ltd lifted its position in HEICO by 252.7% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 663 shares of the aerospace company’s stock valued at $158,000 after acquiring an additional 475 shares in the last quarter. 27.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have commented on HEI shares. Truist Financial reduced their target price on HEICO from $294.00 to $277.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Wells Fargo & Company assumed coverage on HEICO in a research report on Tuesday, April 15th. They issued an “equal weight” rating and a $244.00 target price for the company. KeyCorp initiated coverage on shares of HEICO in a report on Thursday, January 16th. They set a “sector weight” rating on the stock. Finally, William Blair reissued an “outperform” rating on shares of HEICO in a report on Tuesday, March 25th. Five equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $267.36.

Insider Buying and Selling at HEICO

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

HEICO Stock Up 2.6 %

NYSE HEI opened at $257.40 on Friday. HEICO Co. has a 52 week low of $207.50 and a 52 week high of $283.60. The company has a market capitalization of $35.76 billion, a P/E ratio of 70.33, a price-to-earnings-growth ratio of 3.10 and a beta of 1.07. The stock’s 50-day moving average price is $254.31 and its 200-day moving average price is $249.83. The company has a quick ratio of 1.34, a current ratio of 3.11 and a debt-to-equity ratio of 0.60.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Wednesday, February 26th. The aerospace company reported $1.20 EPS for the quarter, beating the consensus estimate of $0.93 by $0.27. The firm had revenue of $1.03 billion for 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 research analysts predict that HEICO Co. will post 4.2 earnings per share for the current year.

HEICO Company 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.