Scientech Research LLC Purchases Shares of 2,388 HEICO Co. (NYSE:HEI)

Scientech Research LLC acquired a new position in HEICO Co. (NYSE:HEI) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 2,388 shares of the aerospace company’s stock, valued at approximately $534,000.

Other institutional investors have also recently modified their holdings of the company. Clear Harbor Asset Management LLC grew its position in HEICO by 0.4% during the 2nd quarter. Clear Harbor Asset Management LLC now owns 22,845 shares of the aerospace company’s stock worth $5,109,000 after purchasing an additional 80 shares during the period. Avalon Capital Management grew its holdings in HEICO by 3.5% during the second quarter. Avalon Capital Management now owns 3,613 shares of the aerospace company’s stock worth $808,000 after acquiring an additional 123 shares during the period. KPP Advisory Services LLC raised its position in 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. Verity Asset Management Inc. lifted its holdings in HEICO by 2.2% in the first quarter. Verity Asset Management Inc. now owns 6,400 shares of the aerospace company’s stock valued at $1,222,000 after acquiring an additional 139 shares during the period. Finally, Avantax Advisory Services Inc. boosted its position in HEICO by 12.9% in the 1st quarter. Avantax Advisory Services Inc. now owns 1,437 shares of the aerospace company’s stock worth $275,000 after purchasing an additional 164 shares in the last quarter. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

HEICO Price Performance

NYSE:HEI opened at $259.32 on Monday. The stock has a 50 day moving average of $246.33 and a two-hundred day moving average of $223.51. HEICO Co. has a 12 month low of $155.42 and a 12 month high of $269.38. The firm has a market cap of $35.91 billion, a P/E ratio of 81.55, a price-to-earnings-growth ratio of 3.79 and a beta of 1.22. The company has a current ratio of 3.30, a quick ratio of 1.47 and a debt-to-equity ratio of 0.63.

HEICO (NYSE:HEI) last issued its quarterly earnings results on Monday, August 26th. The aerospace company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.92 by $0.05. The firm had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a return on equity of 14.51% and a net margin of 12.64%. The firm’s revenue for the quarter was up 37.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 earnings per share. On average, analysts expect that HEICO Co. will post 3.64 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on HEI shares. 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. Royal Bank of Canada lifted their price objective on shares of HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Robert W. Baird increased 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. Morgan Stanley upgraded HEICO from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $178.00 to $225.00 in a research note on Tuesday, June 4th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on HEICO from $235.00 to $271.00 and gave the stock a “buy” rating in a research report on Wednesday, September 4th. Three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $263.56.

Insider Activity

In related news, insider Eric A. Mendelson sold 8,864 shares of the business’s 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 transaction, the insider now directly owns 222,401 shares in the company, valued at $40,152,276.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other HEICO news, insider Eric A. Mendelson sold 8,864 shares of the firm’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $180.54, for a total value of $1,600,306.56. Following the transaction, the insider now directly owns 222,401 shares of the company’s stock, valued at approximately $40,152,276.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Frank J. Schwitter purchased 475 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was bought at an average price of $252.26 per share, with a total value of $119,823.50. Following the completion of the transaction, the director now directly owns 1,730 shares of the company’s stock, valued at $436,409.80. The disclosure for this purchase can be found here. Insiders sold 82,374 shares of company stock worth $15,061,997 over the last three months. Insiders own 8.10% of the company’s stock.

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.