Laurans A. Mendelson Purchases 725 Shares of HEICO Co. (NYSE:HEI) Stock

HEICO Co. (NYSE:HEI) CEO Laurans A. Mendelson bought 725 shares of the firm’s stock in a transaction that occurred on Friday, October 18th. The shares were acquired at an average price of $262.94 per share, with a total value of $190,631.50. Following the purchase, the chief executive officer now owns 929,984 shares of the company’s stock, valued at $244,529,992.96. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

HEICO Trading Down 2.2 %

NYSE:HEI opened at $255.44 on Wednesday. The stock’s 50 day simple moving average is $255.69 and its 200-day simple moving average is $231.64. 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 $35.38 billion, a P/E ratio of 80.33, a PEG ratio of 3.69 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 announced its quarterly earnings data on Monday, August 26th. The aerospace company reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $995.34 million. During the same quarter in the prior year, the company posted $0.77 earnings per share. HEICO’s quarterly revenue was up 37.3% on a year-over-year basis. Equities analysts anticipate that HEICO Co. will post 3.66 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Royal Bank of Canada boosted their price objective on HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. UBS Group assumed coverage on HEICO in a research note on Tuesday, October 15th. They issued a “neutral” rating and a $277.00 price objective for the company. Robert W. Baird boosted their price objective on HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Benchmark reiterated a “buy” rating and issued a $245.00 price objective on shares of HEICO in a research note on Tuesday, August 27th. Finally, Stifel Nicolaus boosted their price objective on HEICO from $250.00 to $280.00 and gave the company a “buy” rating in a research note on Tuesday, August 27th. Three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $270.70.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. AGF Management Ltd. grew its holdings 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 acquiring an additional 362,625 shares during the period. EULAV Asset Management grew its holdings in HEICO by 23.4% during the first quarter. EULAV Asset Management now owns 352,093 shares of the aerospace company’s stock worth $67,250,000 after acquiring an additional 66,800 shares during the period. TCW Group Inc. grew 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 purchasing an additional 5,779 shares during the last quarter. Driehaus Capital Management LLC grew 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 purchasing an additional 77,067 shares during the last quarter. Finally, Vantage Investment Partners LLC acquired a new stake in HEICO in the second quarter valued at $26,993,000. Institutional investors and hedge funds own 27.12% of the company’s stock.

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.