Benjamin Edwards Inc. Purchases 4,574 Shares of HEICO Co. (NYSE:HEI)

Benjamin Edwards Inc. boosted its holdings in shares of HEICO Co. (NYSE:HEI - Free Report) by 388.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,752 shares of the aerospace company's stock after purchasing an additional 4,574 shares during the period. Benjamin Edwards Inc.'s holdings in HEICO were worth $1,504,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Andra AP fonden acquired a new stake in shares of HEICO during the second quarter valued at approximately $45,000. Center for Financial Planning Inc. acquired a new position in HEICO in the 2nd quarter valued at approximately $52,000. American National Bank acquired a new position in HEICO in the 2nd quarter valued at approximately $66,000. Strategic Financial Concepts LLC acquired a new position in HEICO in the 2nd quarter valued at approximately $67,000. Finally, FSC Wealth Advisors LLC acquired a new position in HEICO in the 2nd quarter valued at approximately $73,000. 27.12% of the stock is owned by institutional investors and hedge funds.

HEICO Trading Down 2.2 %

HEICO stock traded down $5.95 during midday trading on Friday, hitting $263.12. 255,485 shares of the stock were exchanged, compared to its average volume of 384,402. The company has a fifty day simple moving average of $263.04 and a two-hundred day simple moving average of $245.00. HEICO Co. has a 52 week low of $169.70 and a 52 week high of $283.60. The stock has a market capitalization of $36.47 billion, a PE ratio of 77.19, a P/E/G ratio of 3.25 and a beta of 1.24. The company has a quick ratio of 1.47, a current ratio of 3.30 and a debt-to-equity ratio of 0.63.

Insider Activity at HEICO

In other HEICO news, Director Alan Schriesheim sold 332 shares of the business's stock in a transaction that occurred 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 document filed with the SEC, which is accessible through the SEC website. Also, insider Victor H. Mendelson bought 726 shares of the stock in a transaction that occurred on Friday, October 18th. The shares were purchased at an average price of $262.94 per share, for a total transaction of $190,894.44. Following the completion of the acquisition, the insider now owns 1,234,950 shares of the company's stock, valued at $324,717,753. The trade was a 0.06 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 2,175 shares of company stock valued at $571,895. 8.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on HEI shares. Barclays started coverage on shares of HEICO in a research note on Monday, August 19th. They set an "equal weight" rating and a $250.00 price target on the stock. Stifel Nicolaus upped their price objective on shares of HEICO from $250.00 to $280.00 and gave the stock a "buy" rating in a report on Tuesday, August 27th. Truist Financial upped their price objective on shares of HEICO from $264.00 to $282.00 and gave the stock a "buy" rating in a report on Friday, October 18th. Robert W. Baird increased their price target on shares of HEICO from $243.00 to $280.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Finally, Benchmark reissued a "buy" rating and issued a $245.00 price target on shares of HEICO in a report on Tuesday, August 27th. Three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $270.70.

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.