HEICO Co. (NYSE:HEI) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. grew its holdings in HEICO Co. (NYSE:HEI) by 79.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,662 shares of the aerospace company’s stock after purchasing an additional 4,712 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in HEICO were worth $2,788,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Andra AP fonden acquired a new stake in shares of HEICO during the second quarter worth $45,000. Center for Financial Planning Inc. acquired a new position in HEICO in the second quarter valued at $52,000. American National Bank acquired a new position in HEICO during the second quarter worth approximately $66,000. Strategic Financial Concepts LLC acquired a new position in HEICO in the second quarter valued at $67,000. Finally, FSC Wealth Advisors LLC purchased a new position in HEICO in the second quarter valued at approximately $73,000. 27.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on HEI shares. Deutsche Bank Aktiengesellschaft raised their price objective on HEICO from $235.00 to $271.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. Robert W. Baird lifted their price objective on shares of HEICO from $243.00 to $280.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Barclays initiated coverage on HEICO in a research report on Monday, August 19th. They issued an “equal weight” rating and a $250.00 target price on the stock. Royal Bank of Canada increased their price target on HEICO from $250.00 to $272.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Benchmark restated a “buy” rating and set a $245.00 target price on shares of HEICO in a report on Tuesday, August 27th. Three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, HEICO currently has an average rating of “Moderate Buy” and an average target price of $270.70.

HEICO Stock Performance

HEICO stock opened at $259.47 on Friday. The firm has a market capitalization of $35.96 billion, a P/E ratio of 76.09, a P/E/G ratio of 3.17 and a beta of 1.23. 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 stock has a fifty day moving average price of $257.84 and a two-hundred day moving average price of $237.02. HEICO Co. has a 52-week low of $160.98 and a 52-week high of $269.38.

HEICO (NYSE:HEI) last posted its earnings results 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. The company had revenue of $992.20 million during the quarter, compared to analysts’ expectations of $995.34 million. HEICO had a net margin of 12.64% and a return on equity of 14.51%. HEICO’s quarterly revenue was up 37.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 earnings per share. As a group, analysts anticipate that HEICO Co. will post 3.65 EPS for the current fiscal year.

Insider Transactions at HEICO

In related news, Director Frank J. Schwitter purchased 475 shares of HEICO stock in a transaction that occurred 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 transaction, the director now directly owns 1,730 shares in the company, valued at approximately $436,409.80. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, Director Alan Schriesheim sold 332 shares of the business’s stock in a transaction on Monday, October 7th. The stock was 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 Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Frank J. Schwitter purchased 475 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was purchased at an average price of $252.26 per share, for a total transaction of $119,823.50. Following the acquisition, the director now owns 1,730 shares of the company’s stock, valued at $436,409.80. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 2,650 shares of company stock worth $691,718. Insiders own 8.10% 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.