Icon Wealth Advisors LLC Has $533,000 Stock Holdings in HEICO Co. (NYSE:HEI)

Icon Wealth Advisors LLC decreased its position in HEICO Co. (NYSE:HEI) by 37.9% during the 3rd quarter, Holdings Channel reports. The firm owned 2,039 shares of the aerospace company’s stock after selling 1,246 shares during the quarter. Icon Wealth Advisors LLC’s holdings in HEICO were worth $533,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. AGF Management Ltd. grew its stake in HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock worth $212,417,000 after buying an additional 362,625 shares during the last quarter. EULAV Asset Management boosted its holdings in shares of HEICO by 5.0% in the 3rd quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company’s stock worth $105,165,000 after acquiring an additional 19,200 shares in the last quarter. TCW Group Inc. grew its position in HEICO by 3.0% during the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock worth $44,724,000 after acquiring an additional 5,779 shares during the last quarter. Driehaus Capital Management LLC increased its holdings in HEICO by 66.0% during the 2nd quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after purchasing an additional 77,067 shares in the last quarter. Finally, Vantage Investment Partners LLC raised its position in HEICO by 1.4% in the 3rd quarter. Vantage Investment Partners LLC now owns 122,430 shares of the aerospace company’s stock valued at $32,013,000 after purchasing an additional 1,717 shares during the last quarter. Institutional investors and hedge funds own 27.12% of the company’s stock.

Insider Activity at HEICO

In other news, insider Victor H. Mendelson acquired 726 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the acquisition, the insider now owns 1,234,950 shares in the company, valued at $324,717,753. This trade represents a 0.06 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Alan Schriesheim bought 724 shares of the business’s stock in a transaction on Friday, October 18th. The stock was purchased at an average price of $262.94 per share, for a total transaction of $190,368.56. Following the completion of the acquisition, the director now owns 174,878 shares of the company’s stock, valued at approximately $45,982,421.32. This trade represents a 0.42 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders purchased 2,650 shares of company stock worth $691,718. 8.10% of the stock is owned by insiders.

HEICO Price Performance

Shares of HEI stock opened at $273.33 on Friday. The firm’s 50 day moving average price is $262.53 and its two-hundred day moving average price is $243.01. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. HEICO Co. has a 52-week low of $169.08 and a 52-week high of $283.60. The stock has a market cap of $37.88 billion, a PE ratio of 80.16, a PEG ratio of 3.29 and a beta of 1.23.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The company had revenue of $992.20 million for the quarter, compared to the consensus estimate of $995.34 million. During the same quarter in the prior year, the business posted $0.77 EPS. The firm’s quarterly revenue was up 37.3% on a year-over-year basis. As a group, analysts forecast that HEICO Co. will post 3.65 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on HEI shares. Stifel Nicolaus raised their target price on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. UBS Group assumed coverage on shares of HEICO in a research report on Tuesday, October 15th. They set a “neutral” rating and a $277.00 target price on the stock. Robert W. Baird raised their price target on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, Truist Financial upped their price objective on HEICO from $264.00 to $282.00 and gave the stock a “buy” rating in a report on Friday, October 18th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, HEICO presently has a consensus rating of “Moderate Buy” and an average target price of $270.70.

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.