Centaurus Financial Inc. Sells 64 Shares of HEICO Co. (NYSE:HEI)

Centaurus Financial Inc. decreased its holdings in shares of HEICO Co. (NYSE:HEI) by 6.8% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 882 shares of the aerospace company’s stock after selling 64 shares during the period. Centaurus Financial Inc.’s holdings in HEICO were worth $158,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Moody Lynn & Lieberson LLC increased its stake in shares of HEICO by 2.6% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 2,395 shares of the aerospace company’s stock valued at $428,000 after purchasing an additional 60 shares in the last quarter. Private Advisor Group LLC increased its stake in shares of HEICO by 0.7% during the fourth quarter. Private Advisor Group LLC now owns 12,456 shares of the aerospace company’s stock valued at $2,228,000 after purchasing an additional 81 shares in the last quarter. Desjardins Global Asset Management Inc. increased its stake in shares of HEICO by 7.9% during the fourth quarter. Desjardins Global Asset Management Inc. now owns 1,465 shares of the aerospace company’s stock valued at $262,000 after purchasing an additional 107 shares in the last quarter. Roundview Capital LLC increased its position in shares of HEICO by 1.0% during the third quarter. Roundview Capital LLC now owns 11,120 shares of the aerospace company’s stock valued at $1,801,000 after acquiring an additional 112 shares in the last quarter. Finally, KPP Advisory Services LLC increased its position in shares of HEICO by 7.0% during the fourth quarter. KPP Advisory Services LLC now owns 1,900 shares of the aerospace company’s stock valued at $340,000 after acquiring an additional 124 shares in the last quarter. Institutional investors own 27.12% of the company’s stock.

HEICO Trading Up 0.4 %

Shares of HEICO stock opened at $228.81 on Wednesday. The company’s fifty day simple moving average is $211.49 and its 200-day simple moving average is $193.93. The stock has a market capitalization of $31.69 billion, a PE ratio of 71.95, a P/E/G ratio of 3.37 and a beta of 1.21. HEICO Co. has a 1-year low of $155.42 and a 1-year high of $229.30. The company has a debt-to-equity ratio of 0.69, a current ratio of 3.52 and a quick ratio of 1.57.

HEICO (NYSE:HEI) last released its earnings results on Tuesday, May 28th. The aerospace company reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. HEICO had a net margin of 12.62% and a return on equity of 14.26%. The company had revenue of $955.40 million for the quarter, compared to analysts’ expectations of $951.24 million. During the same quarter in the previous year, the company earned $0.76 EPS. HEICO’s revenue for the quarter was up 38.9% on a year-over-year basis. As a group, equities analysts anticipate that HEICO Co. will post 3.53 earnings per share for the current year.

Analysts Set New Price Targets

HEI has been the subject of several analyst reports. Benchmark raised their price target on shares of HEICO from $185.00 to $245.00 and gave the company a “buy” rating in a research report on Friday, June 14th. Deutsche Bank Aktiengesellschaft raised their price target on shares of HEICO from $209.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, May 21st. Morgan Stanley upgraded shares of HEICO from an “underweight” rating to an “equal weight” rating and raised their target price for the stock from $178.00 to $225.00 in a report on Tuesday, June 4th. Robert W. Baird raised their target price on shares of HEICO from $223.00 to $243.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Finally, Royal Bank of Canada raised their target price on shares of HEICO from $235.00 to $250.00 and gave the stock an “outperform” rating in a report on Thursday, May 30th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $232.67.

Insider Activity at HEICO

In related news, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the transaction, the director now owns 1,255 shares in the company, valued at approximately $243,093.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other HEICO news, Director Alan Schriesheim sold 26,000 shares of HEICO stock in a transaction 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 sale, the director now directly owns 155,862 shares in the company, valued at approximately $29,953,559.16. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Frank J. Schwitter sold 400 shares of HEICO stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $193.70, for a total transaction of $77,480.00. Following the completion of the sale, the director now owns 1,255 shares in the company, valued at $243,093.50. The disclosure for this sale can be found here. 8.10% of the stock is owned by corporate insiders.

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.