4,318 Shares in HEICO Co. (NYSE:HEI) Purchased by Atom Investors LP

Atom Investors LP purchased a new stake in HEICO Co. (NYSE:HEI - Free Report) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 4,318 shares of the aerospace company's stock, valued at approximately $1,129,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. AGF Management Ltd. raised its position in HEICO by 61.7% in the 2nd quarter. AGF Management Ltd. now owns 949,945 shares of the aerospace company's stock worth $212,417,000 after purchasing an additional 362,625 shares during the last quarter. Vantage Investment Partners LLC bought a new position in shares of HEICO during the second quarter valued at $26,993,000. 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 worth $43,357,000 after purchasing an additional 77,067 shares during the period. Strategic Financial Concepts LLC bought a new position in shares of HEICO during the second quarter valued at about $67,000. Finally, EULAV Asset Management raised its position in shares of HEICO by 5.0% in the third quarter. EULAV Asset Management now owns 402,193 shares of the aerospace company's stock valued at $105,165,000 after purchasing an additional 19,200 shares during the period. 27.12% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Alan Schriesheim sold 332 shares of the business's stock in a transaction dated Monday, October 7th. The shares were 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 SEC, which is accessible through this hyperlink. Also, CEO Laurans A. Mendelson bought 725 shares of the stock in a transaction on Friday, October 18th. The stock was purchased at an average cost of $262.94 per share, with a total value of $190,631.50. Following the purchase, the chief executive officer now directly owns 929,984 shares of the company's stock, valued at approximately $244,529,992.96. This represents a 0.08 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 2,175 shares of company stock worth $571,895. Corporate insiders own 8.10% of the company's stock.

Wall Street Analyst Weigh In

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

HEICO Stock Up 0.7 %

NYSE HEI traded up $1.80 on Wednesday, reaching $269.76. 359,110 shares of the stock traded hands, compared to its average volume of 384,447. HEICO Co. has a 12 month low of $169.70 and a 12 month high of $283.60. The company has a fifty day moving average price of $262.74 and a 200-day moving average price of $244.66. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.47 and a current ratio of 3.30. The company has a market cap of $37.39 billion, a price-to-earnings ratio of 77.87, a PEG ratio of 3.26 and a beta of 1.24.

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.