Insider Selling: HEICO Co. (NYSE:HEI) Director Sells 332 Shares of Stock

HEICO Co. (NYSE:HEI) Director Alan Schriesheim sold 332 shares of the stock in a transaction on Monday, October 7th. The shares were sold at an average price of $201.63, for a total transaction of $66,941.16. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.

HEICO Stock Performance

NYSE:HEI traded up $1.70 during trading hours on Tuesday, hitting $259.79. 102,488 shares of the company were exchanged, compared to its average volume of 378,582. The company’s 50 day moving average price is $249.98 and its 200-day moving average price is $226.56. The stock has a market capitalization of $35.98 billion, a price-to-earnings ratio of 81.73, a PEG ratio of 3.79 and a beta of 1.22. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.30 and a quick ratio of 1.47. HEICO Co. has a 52-week low of $155.42 and a 52-week high of $269.38.

HEICO (NYSE:HEI) last announced its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. HEICO had a net margin of 12.64% and a return on equity of 14.51%. The firm had revenue of $992.20 million during the quarter, compared to analyst estimates of $995.34 million. During the same quarter in the prior year, the firm posted $0.77 earnings per share. HEICO’s quarterly revenue was up 37.3% on a year-over-year basis. As a group, research analysts forecast that HEICO Co. will post 3.64 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. AGF Management Ltd. boosted 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 period. EULAV Asset Management raised its holdings in HEICO by 23.4% in the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock valued at $67,250,000 after acquiring an additional 66,800 shares in the last quarter. TCW Group Inc. raised its holdings in HEICO by 3.0% in the second quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock valued at $44,724,000 after acquiring an additional 5,779 shares in the last quarter. Driehaus Capital Management LLC raised its holdings in HEICO by 66.0% in the second quarter. Driehaus Capital Management LLC now owns 193,895 shares of the aerospace company’s stock valued at $43,357,000 after acquiring an additional 77,067 shares in the last quarter. Finally, Vantage Investment Partners LLC acquired a new stake in HEICO during the second quarter worth approximately $26,993,000. Hedge funds and other institutional investors own 27.12% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on HEI shares. Bank of America raised their price target on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a report on Thursday, September 19th. 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 for the company. Benchmark reaffirmed a “buy” rating and issued a $245.00 target price on shares of HEICO in a report on Tuesday, August 27th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Finally, Stifel Nicolaus boosted their price objective on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat, HEICO presently has an average rating of “Moderate Buy” and an average target price of $263.56.

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.