Bath Savings Trust Co Sells 594 Shares of HEICO Co. (NYSE:HEI)

Bath Savings Trust Co trimmed its position in shares of HEICO Co. (NYSE:HEI) by 1.4% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,608 shares of the aerospace company’s stock after selling 594 shares during the period. HEICO comprises 1.1% of Bath Savings Trust Co’s investment portfolio, making the stock its 29th largest position. Bath Savings Trust Co’s holdings in HEICO were worth $11,141,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of HEI. Connectus Wealth LLC bought a new position in shares of HEICO during the fourth quarter valued at about $388,000. Icon Wealth Advisors LLC purchased a new position in HEICO in the 4th quarter worth approximately $943,000. Virtu Financial LLC bought a new stake in HEICO in the fourth quarter valued at approximately $392,000. Zeno Equity Partners LLP bought a new stake in HEICO in the fourth quarter valued at approximately $11,365,000. Finally, Nomura Holdings Inc. purchased a new stake in shares of HEICO during the fourth quarter valued at approximately $897,000. Institutional investors own 27.12% of the company’s stock.

Wall Street Analysts Forecast Growth

HEI has been the subject of a number of analyst reports. Barclays assumed coverage on shares of HEICO in a report on Monday, August 19th. They set an “equal weight” rating and a $250.00 target price for the company. Benchmark reiterated a “buy” rating and issued a $245.00 price objective on shares of HEICO in a report on Tuesday, August 27th. Stifel Nicolaus boosted their target price on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Bank of America raised their price target on HEICO from $250.00 to $285.00 and gave the stock a “buy” rating in a research note on Thursday, September 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on shares of HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $263.56.

HEICO Price Performance

Shares of NYSE:HEI opened at $257.93 on Tuesday. The business has a fifty day moving average price of $249.98 and a 200-day moving average price of $226.56. 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 company has a market capitalization of $35.72 billion, a PE ratio of 81.11, a PEG ratio of 3.79 and a beta of 1.22. HEICO Co. has a 1-year low of $155.42 and a 1-year high of $269.38.

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

Insider Buying and Selling

In other HEICO news, Director Frank J. Schwitter bought 475 shares of HEICO stock in a transaction on Tuesday, September 3rd. The stock was acquired at an average price of $252.26 per share, with a total value of $119,823.50. Following the acquisition, the director now owns 1,730 shares in the company, valued at approximately $436,409.80. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director Frank J. Schwitter bought 475 shares of the stock in a transaction on Tuesday, September 3rd. The shares were acquired at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the purchase, the director now owns 1,730 shares of the company’s stock, valued at approximately $436,409.80. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Eric A. Mendelson sold 20,000 shares of HEICO stock in a transaction that occurred on Friday, July 26th. The stock was 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 owns 148,891 shares of the company’s stock, valued at $27,707,126.19. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.10% of the stock is owned by company insiders.

HEICO 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.