Bradley Foster & Sargent Inc. CT Decreases Stock Holdings in HEICO Co. (NYSE:HEI)

Bradley Foster & Sargent Inc. CT cut its holdings in HEICO Co. (NYSE:HEI) by 2.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 2,738 shares of the aerospace company’s stock after selling 75 shares during the quarter. Bradley Foster & Sargent Inc. CT’s holdings in HEICO were worth $612,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of HEI. Capital World Investors raised its position in shares of HEICO by 10.5% during the 4th quarter. Capital World Investors now owns 3,276,326 shares of the aerospace company’s stock valued at $586,036,000 after buying an additional 311,304 shares in the last quarter. AGF Management Ltd. raised its position in HEICO by 61.7% during the second quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company’s stock valued at $212,417,000 after purchasing an additional 362,625 shares during the period. EULAV Asset Management lifted its stake in shares of HEICO by 23.4% in the 1st quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock valued at $67,250,000 after purchasing an additional 66,800 shares during the last quarter. TCW Group Inc. boosted its holdings in shares of HEICO by 3.0% in the 2nd quarter. TCW Group Inc. now owns 200,008 shares of the aerospace company’s stock worth $44,724,000 after purchasing an additional 5,779 shares during the period. Finally, Vantage Investment Partners LLC bought a new position in shares of HEICO during the 2nd quarter valued at approximately $26,993,000. Institutional investors own 27.12% of the company’s stock.

Insider Buying and Selling at HEICO

In other HEICO news, Director Frank J. Schwitter purchased 475 shares of the stock in a transaction dated Tuesday, September 3rd. The stock was purchased at an average price 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 $436,409.80. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other HEICO news, insider Eric A. Mendelson sold 20,000 shares of the stock in a transaction dated Friday, July 26th. The shares were sold at an average price of $186.09, for a total transaction of $3,721,800.00. Following the completion of the sale, the insider now directly owns 148,891 shares of the company’s stock, valued at $27,707,126.19. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frank J. Schwitter bought 475 shares of the stock in a transaction on Tuesday, September 3rd. The stock was purchased at an average price of $252.26 per share, with a total value of $119,823.50. Following the completion of the purchase, the director now owns 1,730 shares of the company’s stock, valued at $436,409.80. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 85,206 shares of company stock valued at $15,571,927. Company insiders own 8.10% of the company’s stock.

HEICO Stock Up 2.1 %

Shares of NYSE:HEI opened at $264.37 on Friday. The business’s 50 day moving average is $241.01 and its 200 day moving average is $219.54. The stock has a market cap of $36.61 billion, a P/E ratio of 83.14, a price-to-earnings-growth ratio of 3.61 and a beta of 1.22. HEICO Co. has a 52-week low of $155.42 and a 52-week high of $265.46. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI) last posted its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $992.20 million for the quarter, compared to the consensus estimate of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The business’s revenue was up 37.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.77 EPS. Sell-side analysts predict that HEICO Co. will post 3.63 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Morgan Stanley raised shares of HEICO from an “underweight” rating to an “equal weight” rating and lifted their price objective for the stock from $178.00 to $225.00 in a research note on Tuesday, June 4th. Stifel Nicolaus upped their price target on shares of HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a report on Tuesday, August 27th. Bank of America raised their price objective on shares of HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday. Robert W. Baird upped their target price on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Barclays assumed coverage on HEICO in a research note on Monday, August 19th. They set an “equal weight” rating and a $250.00 price target for the company. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, HEICO has a consensus 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.