FMR LLC & Abigail Johnson Trim HEICO Class A Stake to 5.917%
Ticker: HEI-A · Form: SC 13G/A · Filed: Feb 9, 2024 · CIK: 46619
| Field | Detail |
|---|---|
| Company | Heico CORP (HEI-A) |
| Form Type | SC 13G/A |
| Filed Date | Feb 9, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**FMR LLC and Abigail Johnson slightly reduced their HEICO Class A stake to 5.917%.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their holdings in HEICO CORP NEW CLASS A COMMON STOCK. As of February 9, 2024, they collectively beneficially own 4,943,168 shares, representing 5.917% of the company's Class A Common Stock. This filing indicates a slight decrease in their reported ownership percentage from previous filings, which could signal a minor shift in their investment strategy for HEICO.
Why It Matters
This matters to investors because FMR LLC is a significant institutional holder, and changes in their position can sometimes signal their outlook on the company's future performance or valuation.
Risk Assessment
Risk Level: low — This filing is an amendment to a previous disclosure and indicates a minor change in institutional ownership, which typically carries low risk.
Analyst Insight
Investors should note that a major institutional investor like FMR LLC has slightly adjusted its position. While not a strong buy or sell signal, it warrants monitoring future filings for further changes in their HEICO CORP holdings.
Key Numbers
- 4,943,168 — shares beneficially owned (total Class A Common Stock shares held by FMR LLC and Abigail P. Johnson)
- 5.917% — percent of class (percentage of HEICO CORP NEW CLASS A COMMON STOCK owned by FMR LLC and Abigail P. Johnson)
- 422806208 — CUSIP number (unique identifier for HEICO CORP NEW CLASS A COMMON STOCK)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person and principal owner of FMR LLC
- HEICO CORP NEW (company) — the issuer of the securities
- Hollywood, Florida (company) — location of HEICO CORP's principal executive offices
- Boston, Massachusetts (company) — location of FMR LLC's principal business office
Forward-Looking Statements
- FMR LLC will maintain a significant, but potentially slightly reduced, stake in HEICO CORP over the next year. (FMR LLC) — medium confidence, target: 2025-02-09
FAQ
Who are the primary reporting persons in this SC 13G/A filing?
The primary reporting persons are FMR LLC and Abigail P. Johnson, as stated in Item 1 of their respective sections on the cover page.
What is the total number of HEICO CORP NEW CLASS A COMMON STOCK shares beneficially owned by FMR LLC and Abigail P. Johnson?
Both FMR LLC and Abigail P. Johnson beneficially own 4,943,168 shares of HEICO CORP NEW CLASS A COMMON STOCK, as indicated in Item 7 on their respective cover pages and Item 4(a) for FMR LLC.
What percentage of HEICO CORP NEW CLASS A COMMON STOCK do the reporting persons collectively own?
The reporting persons, FMR LLC and Abigail P. Johnson, collectively own 5.917% of the HEICO CORP NEW CLASS A COMMON STOCK, as stated in Item 11 on their respective cover pages and Item 4(b) for FMR LLC.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the HEICO CORP NEW CLASS A COMMON STOCK is 422806208, as listed on the cover page and in Item 2(e).
Under which rule is this Schedule 13G filed?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on the cover page and in Item 3, where FMR LLC is identified as a parent holding company in accordance with Section 240.13d-1(b)(1)(ii)(G).
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on February 9, 2024 by Abigail P. Johnson regarding HEICO CORP (HEI-A).