Mark Sheptoff Financial Planning LLC Sells 156 Shares of HEICO Co. (NYSE:HEI)

Mark Sheptoff Financial Planning LLC cut its holdings in shares of HEICO Co. (NYSE:HEI) by 12.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,139 shares of the aerospace company’s stock after selling 156 shares during the period. Mark Sheptoff Financial Planning LLC’s holdings in HEICO were worth $255,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Andra AP fonden acquired a new position in shares of HEICO during the second quarter worth $45,000. Center for Financial Planning Inc. acquired a new position in HEICO during the 2nd quarter worth about $52,000. American National Bank bought a new stake in shares of HEICO in the 2nd quarter valued at about $66,000. Strategic Financial Concepts LLC acquired a new stake in shares of HEICO in the second quarter valued at about $67,000. Finally, FSC Wealth Advisors LLC bought a new position in shares of HEICO during the second quarter worth about $73,000. 27.12% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Eric A. Mendelson sold 8,864 shares of HEICO stock in a transaction dated Monday, July 8th. The shares were sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the completion of the transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Frank J. Schwitter purchased 475 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The stock was acquired at an average cost of $252.26 per share, with a total value of $119,823.50. Following the transaction, the director now owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Eric A. Mendelson sold 8,864 shares of HEICO stock in a transaction on Monday, July 8th. The stock was sold at an average price of $180.54, for a total transaction of $1,600,306.56. Following the transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 85,206 shares of company stock worth $15,571,927. Insiders own 8.10% of the company’s stock.

HEICO Stock Performance

Shares of HEICO stock opened at $258.64 on Thursday. The business has a 50-day simple moving average of $240.36 and a 200 day simple moving average of $219.26. HEICO Co. has a one year low of $155.42 and a one year high of $264.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. The firm has a market capitalization of $35.82 billion, a price-to-earnings ratio of 81.33, a PEG ratio of 3.61 and a beta of 1.22.

HEICO (NYSE:HEI) last released its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm had revenue of $992.20 million during the quarter, compared to the consensus estimate of $995.34 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s quarterly revenue was up 37.3% on a year-over-year basis. On average, research analysts anticipate that HEICO Co. will post 3.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

HEI has been the topic of several analyst reports. Morgan Stanley upgraded HEICO from an “underweight” rating to an “equal weight” rating and upped their target price for the company from $178.00 to $225.00 in a report on Tuesday, June 4th. Benchmark reaffirmed a “buy” rating and issued a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Robert W. Baird lifted their target price on shares of HEICO from $243.00 to $280.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Barclays initiated coverage on shares of HEICO in a research report on Monday, August 19th. They set an “equal weight” rating and a $250.00 price target on the stock. Finally, Bank of America increased their price target on HEICO from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Monday, June 24th. Three analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $259.67.

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.